China Aviation Oil Says Still in Business
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The main supplier of jet fuel to China is continuing to do business despite a criminal investigation of its US$550 million (euro414 million) in losses on derivative trading, the company said.
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The company still brings in plenty of money, despite selling off assets.
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MONTREAL, Canada : Sky-high oil costs will keep air transport profits in the basement, with losses between three billion and four billion dollars this year, despite a pickup in traffic, the international air trade association said.
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Deutsche Bank AG said it questioned China Aviation Oil (Singapore) Corp. about its finances before arranging aS$196 million ($119 million) share sale in October, a month before company
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Boeing Co, the world&#39;s second-biggest maker of commercial aircraft, won a $360 million order from Air China, the country&#39;s biggest overseas carrier, for seven 737-700 jetliners used in flying medium-range routes.
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The oil and gas firm keeps ratcheting up reserves.
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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HONG KONG (Dow Jones)--Air China Ltd. (0753.HK), the mainland&#39;s largest commercial airline, Thursday said the China Aviation Oil (Singapore) Corp.
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In 2002, China Aviation Oil (Singapore) was named Singapore&#39;s most transparent company by the island&#39;s Securities Investors Association.
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A New Age airline is showing there's money to be made despite high energy prices.
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BEIJING, Dec. 26 -- China pledged Wednesday that its worldwide search for oil and gas to power a booming economy will be carried out in a spirit of fair play and international cooperation so as not to disrupt sensitive international markets.
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BEIJING, Dec. 28 (AFX) - The aviation authority of China said on Tuesday that it had decided not to approve new aircraft purchases next year to cool what it considered to be an overheated aviation sector.
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SINGAPORE (Dow Jones)--Singapore&#39;s High Court Friday threw a six-week lifeline to troubled China Aviation Oil Singapore Corp. (C47.
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BEIJING : China Eastern Airlines, one of the country&#39;s top three carriers, said Tuesday its business would not be impacted by a weekend crash that killed 54 people.
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A new subsidiary of troubled China Aviation Oil (Singapore) Corp. has begun procuring jet fuel amid a criminal investigation into huge trading losses at the Singapore-listed firm, as well as demands for repayment from creditors.
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German-based global aviation giant Deutsche Lufthansa AG (Lufthansa) is brewing a bold long-term business strategy to further tap into the fledgling but promising Chinese market, thanks to the new and more ...