aviation industry

SINGAPORE (Nov 2): China Aviation Oil (CAO) posted impressive 3Q16 results, with earnings surging 31% to US$23.2 million ($32.2 million) as revenue soared 64.2% to US$3.9 billion.

SINGAPORE (Aug 2): OCBC is downgrading its “buy” call on Singapore Airlines (SIA) to “hold” with a lower fair value of $11.56 from $12 previously, anticipating a challenging outlook on weakening yields for Singapore’s flag carrier.