Caspar Baum has been appointed aviation lead for Asia
Work experience: Head of airport innovation technology, Athens International Airport; over 20 years’ experience in the aviation industry
Posts Tagged ‘aviation’
EC Harris – Corporate moves
December 21st, 2010 |
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China Aviation Oil down 2.4%; $1.60 may support
November 11th, 2010 |
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China Aviation Oil (G92.SG) down 2.4% at $1.63 after it posts 3Q net profit of US$13.8 million ($17.8 million), down 26.3% on year, off 23.8% on quarter, partly on lower gross profit (down 10.4% on year at US$7.9 million), due to lower gains from trading activities, higher freight costs.
Nov 11: SingTel, City Dev, OUE, UOL, SC Global, China Aviation, Yanlord
November 11th, 2010 |
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Singapore shares are likely to rise on Thursday after gains on Wall Street overnight although lower than expected earnings by market heavyweight Singapore Telecommunications (STEL.SI) may weigh on sentiment.
SingTel, Southeast Asia’s largest telecoms firm, reported lower-than-expected quarterly profit, partly due to the cost of acquisitions by its Indian ally. Its July-September net profit was $892 million, down from $956 million a year ago.
BOC Aviation borrows $109m in U.S., Singapore currencies
November 9th, 2010 |
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BOC Aviation borrowed US$85 million ($109 million) in U.S. and Singapore dollars from banks led by Citigroup Inc. and DBS Group Holdings.
Proceeds from the three-year term loan will be for general corporate use, DBS said in an e-mailed statement today.
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Air freight and counter-terrorism: Turbulence
November 4th, 2010 |
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Bureaucracy not technology
BOSSES in the aviation industry and their government counterparts have had a tricky relationship since September 11th 2001. Knee-jerk reactions from politicians have caused headaches aplenty. By chance, both groups met in Frankfurt at this year’s AVSEC, a conference on aviation security, just after news of the Yemeni-launched parcel bombs broke.
Rather than rushing through ill-considered and potentially disruptive measures, both sides were keen to keep calm and carry on. Although the latest attack was aimed at cargo rather than passengers, neither the technology nor the thinking behind it was a step change. John Pistole, head of America’s Transportation Security Administration, highlighted “a delicate balance” between responding to the latest threat and safeguarding an industry that carried 26m tonnes of freight last year—just over a third of the total value of internationally traded goods. …
Aviation security: Airport attack
October 28th, 2010 |
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How to shorten the gauntlet of checks
MARTIN BROUGHTON, the chairman of British Airways, spoke for many a frazzled passenger at a powwow for Britain’s airport operators on October 26th when he proclaimed that “completely redundant” airport-security procedures, such as the need to take off shoes and to unpack laptops, should be ditched. Every terrorist plot, successful or foiled, seems to lengthen the gauntlet of checks. The inconvenience peeves two-thirds of travellers, according to Which?, a British consumer group.
To appease irate customers, IATA, the air-transport industry’s trade body, has been pushing for better security protocols, such as pre-screening of passengers. The idea is to look “for bad people and not just bad objects”, in the words of Giovanni Bisignani, IATA’s director general. …
China Aviation Oil and BP form jet fuel, gas oil supply venture
October 13th, 2010 |
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China Aviation Oil (CNAO.SI) has inked a four-year agreement with oil major BP Singapore (BP.L) to jointly supply jet fuel and gas oil globally. The collaboration, which will take effect from Jan. 1, and was announced late on Tuesday, will involve both CAO and BP pooling a portion of their jet fuel and gas oil supplies to be sold to markets in Middle East, Asia Pacific including China, and Europe.
Oct. 5, 1931: First Nonstop Trans-Pacific Flight Ends in Cloud of Dust
October 5th, 2010 |
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1931: More than 41 hours after departing Japan, Clyde Pangborn and Hugh Herndon Jr. perform a controlled crash landing near Wenatchee, Washington. After the dust settles, they emerge from the airplane to complete the first-ever nonstop flight across the Pacific Ocean.
Pangborn had served as a flight instructor during World War I, and then followed the [...]
Oct. 4, 1958: ‘Comets’ Debut Trans-Atlantic Jet Age
October 4th, 2010 |
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1958: Two DeHavilland Comets depart London and New York, each bound for the other city. Flying for the British Overseas Airways Corporation, the two aircraft complete the first trans-Atlantic jet passenger service, dramatically reducing the travel time between the United States and Europe.
Jet airliners had been around since the Comet first carried passengers from London [...]
Oct. 1, 1950: Come Fly With Me, Says BBC
October 1st, 2010 |
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1950: The BBC airs the first live, in-flight TV broadcast, from a specially outfitted plane flying over London. It is not free of glitches, but once TV stations are introduced to the concept of air supremacy, news coverage will never be the same.
Live TV from an aircraft was bound to happen — this wasn’t a [...]
Sept. 17, 1908: First Airplane Passenger Death
September 17th, 2010 |
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1908: During flight trials to win a contract from the U.S. Signal Army Corps, pilot Orville Wright and passenger Lt. Thomas Selfridge crash in a Wright Flyer at Fort Myer, Virginia. Wright is injured, and Selfridge becomes the first passenger to die in an airplane accident.
After Wilbur and Orville Wright made their historic first-ever airplane [...]
China Aviation Oil sets up fuel-oil trading unit: Update
August 12th, 2010 |
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China Aviation Oil Singapore Corp. started trading fuel oil this year, adding to its main product, jet fuel, Chief Executive Officer Meng Fanqiu said.
The supplier of jet fuel to China set up a fuel oil business in Singapore, where its shares are traded, and is in talks with BP Plc, its second-largest shareholder, on increased cooperation, Meng told reporters today.
China Aviation Singapore plans to start fuel-oil trading unit
August 12th, 2010 |
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China Aviation Oil Singapore Corp. plans to start trading fuel oil, and maintain jet fuel as its main business in the next five years, Chief Executive Officer Meng Fanqiu told reporters in Singapore today.
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China Aviation names Sun Li as chairman, Wang as vice chairman
August 12th, 2010 |
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China Aviation Oil Singapore Corp. appointed Sun Li as its chairman and Wang Kai Yuen as vice chairman, the company said in Singapore today.
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Aug. 11, 1978: First Atlantic Balloon Crossing Takes Off
August 11th, 2010 |
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1978: Three Americans take off in a balloon from Presque Isle, Maine. They will land in a field north of Paris 137 hours, 6 minutes later, the first people to cross the Atlantic in a balloon.
After Lindbergh’s famous 1927 flight, crossing the Atlantic in a balloon remained one of the last great unconquered aviation challenges. [...]
China Aviation Oil +2.7% as 2Q earnings soar
August 4th, 2010 |
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China Aviation Oil (G92.SG) +2.7% at $1.53 in active trade, may close above $1.50 for first time since May, as strong 2Q10 performance raises earnings visibility, says Dow Jones.
Jet fuel supplier’s net profit +52.7% on-year at US$18.1 million ($24.4 million) on increased demand in China, higher gains from trading activities and contributions from associates. Revenue +78.3% at US$1.44 billion.
China Aviation jumps on strong 2Q profit
August 4th, 2010 |
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Shares of Singapore-listed China Aviation Oil (CNAO.SI) rose as much as 5.4% on Wednesday after it reported a 53% rise in second quarter net profit.
More than 5.5 million shares had changed hands and the shares were trading at $1.54 at 11:09 a.m before softening to $1.49 now. The benchmark Straits Times Index was down 0.4%.
Aug 4: SembCorp Marine, ST Engineering, CapitaMalls Asia, China Aviation Oil
August 4th, 2010 |
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The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index fell 0.3% to 3,014.77.
SembCorp Marine (SMM SP): The world’s second-biggest builder of oil rigs said second-quarter profit rose 28% to $176.1 million from a year earlier. SembCorp Marine slipped 1% to $4.04.
China Aviation Oil says 2Q net income $24.4m
August 3rd, 2010 |
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China Aviation Oil (Singapore) Corp. said second-quarter net income was US$18.1 million ($24.4 million).
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China Aviation Oil posts 53% rise in 2Q net profit to $24.5m
August 3rd, 2010 |
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China Aviation Oil (Singapore) Corporation (CAO), one of the largest purchasers of jet fuel in the Asia Pacific region, says it recorded a net profit attributable to shareholders of US$18.1 million ($24.5 million) for the second quarter ended 30 June 2010 (2Q 2010).
This is an increase of 52.7% as compared to the corresponding period last year. Compared to 1Q 2010, net profit increased 40.5%. The rise in net profit was mainly attributable to an increase in gross profit on the back of higher jet fuel supply volumes into China and more gains from trading activities; and higher profit contributions from associated companies. For the first half of 2010, net profit increased 94% to US$31.0 million.