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CAO core jet fuel biz still strong despite slowdown

Company will grow with the market, says CEO, since the global civil aviation industry is on an uptrend and Asia is the fastest-growing region

Published Tue, Sep 22, 2015 · 09:50 PM

china aviation oil

Singapore

DESPITE the economic slowdown in China, China Aviation Oil (CAO) will not be affected since the civil aviation market is still growing rapidly, says CEO Meng Fanqiu.

And while the firm suspended its petrochemical trading operations earlier this month due to tough market conditions, this was a non-core business, he said, adding that its core jet fuel business continues to be robust.

In the first half of the year, commercial activity in passenger and cargo flights has grown 14.5 per cent, according to Mr Meng. "Thi…

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