CAO

CAO: has expanded its operation in Europe with the establishment of a wholly owned subsidiary, China Aviation Oil (Europe), in the UK. This marks a new milestone towards the group’s strategy to build a global supply and trading network. CAO hopes to leverage on its new London office to capture the increasing trade flows from Asia Pacific to Europe – a market increasingly dependent on imports where ageing and less cost-efficient refineries are being closed. In addition, the Europe footprint would provide opportunities for the group to tap into markets such as the US and Middle East via cross regional deals. CAO Europe will also provide refueling services to airline customers at designated European airports.