China Aviation G92

Background

The Company was incorporated in Singapore on 26 May 1993. It became a public
company on 6 December 2001 and changed its name from China Aviation Oil (S) Pte
Ltd to China Aviation Oil (S) Corporation Ltd ('CAO'). CAO was conferred the
Approved Oil Trader (AOT) award (which was later changed to Member of the
Global Trader Programme) by the Government of Singapore in 1998.
The largest shareholder of CAO is China Aviation Oil Supply Corporation
('CAOSC'), one of the largest state-owned enterprises in China. CAOSC is
responsible for the construction of aviation oil supply infrastructure,
purchase of aviation oil supply equipment and the supply of jet fuel to over
100 foreign and domestic airlines (including the purchase, transportation,
storage, and into-plane services of jet fuel) at more than 100 civil airports
throughout China.
CAO’s main business includes Jet Fuel Procurement, International Oil Trading
and Oil-related investment. CAO has established a 'three-pronged' strategy,
that embrace, 'Strengthen the import jet fuel procurement, Expand
International Oil trading business and Develop oil-related investment.'
Imported jet fuel procurement is the core business and base of CAO, whilst
international oil trading will not only expand CAO’s scale but also improve its
profits, oil-related investments will ensure CAO continues to achieve steady
growth.
Presently, CAO has close to 100 percent market share of the procurement of
imported jet fuel for the civil aviation industry in China. CAO succeeded in
conducting international oil trade in jet fuel, fuel oil, gas oil, crude oil,
petrochemical products and oil derivatives. The company has also expanded its
market beyond China to ASEAN countries, Far East and America etc. In April
2002, CAO was successful through an exclusive tender exercise, to secure an
offer to invest in a Spanish oil logistic and facilities company CLH, which is
a leading oil carrier and owner of the largest network of oil pipelines and
storage facilities throughout Spain. In July 2002, CAO has entered into an S &
P agreement to acquire a 33 percent stake of Shanghai Pudong International
Airport Aviation Fuel Supply Corporation Ltd. After this acquisition, CAO will
not only become the second largest shareholder of the aviation fuel company,
but will also be able to own and operate the re-fuelling facilities and supply
jet fuel to domestic and international airlines.

SGX source · Source update: 12/01/2025 08:45:28 AM (timezone not specified). Source text may be historical.