china aviation seeks rescue deal scandal-hit jet fuel supplier china aviation oil has offered to repay its creditors $220m (£117m) of the $550m it lost on trading in oil futures.  the firm said it hoped to pay $100m now and another $120m over eight years. with assets of $200m and liabilities totalling $648m  it needs creditors  backing for the offer to avoid going into bankruptcy. the trading scandal is the biggest to hit singapore since the $1.2bn collapse of barings bank in 1995. chen jiulin  chief executive of china aviation oil (cao)  was arrested by at changi airport by singapore police on 8 december. he was returning from china  where he had headed when cao announced its trading debacle in late-november. the firm had been betting heavily on a fall in the price of oil during october  but prices rose sharply instead.  among the creditors whose backing cao needs for its restructuring plan are banking giants such as barclay s capital and sumitomo mitsui  as well as south korean firm sk energy. of the immediate payment  the firm - china s biggest jet fuel supplier - said it would be paying $30m out of its own resources. the rest would come from its parent company  china aviation oil holding company in beijing. the holding company  owned by the chinese government  holds most of cao s singapore-listed shares. it cut its holding from 75% to 60% on 20 october.
Kampani China Aviation ń ṣe iranlọwọ lori ọrọ ikọkọ ajeji ti o ṣẹlẹ lori ẹrọ ajeji ti China Aviation Oil ti ṣe ifowosowopo lati san owó $220m (£117m) ni $550m ti o ṣẹlẹ lori ẹrọ ajeji ti ẹrọ ajeji.  Kampani naa sọ pe o ṣe iranlọwọ lati san owó $100m lọwọlọwọ ati $120m ni ọdun mẹjo. Pẹlu ohun elo ti $200m ati ẹni ti o ṣe $648m, o nilo iranlọwọ ọmọ ẹgbẹ rẹ lati gba ẹbun naa ki o to di ọjọgbọn.  Ọrọ ikọkọ ajeji yii ni ti o tobi julọ ti o ṣẹlẹ ni Singapore lati igba ti Barings Bank ṣẹlẹ ni ọdun 1995. Chen Jiulin, olori agbejoro ti China Aviation Oil (CAO)  jẹ ariyanjiyan ni Changi Airport ni Singapore ni ọjọ 8 osu kejila. O ń ṣe iranlọwọ lati China, nibiti o ti lo si ni igba ti CAO ṣe ifowosowopo ọrọ ikọkọ ajeji rẹ ni osu November. Kampani naa ti ń ṣe ẹrọ ajeji lori ẹrọ ajeji ti o ṣẹlẹ ni osu October, ṣugbọn ẹrọ ajeji ṣe pọ si.  Nínú ọmọ ẹgbẹ ti o nilo iranlọwọ CAO fun ẹbun rẹ ni ilé ifowosowopo ọlọla ti Barclays Capital ati Sumitomo Mitsui, gẹgẹ bi ilé ifowosowopo ti South Korea, SK Energy. Nínú owó ti o ṣe iranlọwọ lọwọlọwọ, kampani naa - ti o jẹ ẹrọ ajeji ti o tobi julọ ni China - sọ pe o ṣe iranlọwọ lati san owó $30m ni ohun elo rẹ. Owó ti o kọja yẹẹ jẹẹ ni kampani agbejoro rẹ, China Aviation Oil Holding Company ni Beijing. Kampani agbejoro yii, ti o jẹ ẹgbẹ ti o ṣe iranlọwọ lati ọwọ orilẹ-ede China, ni ọmọ ẹgbẹ ti o ṣe iranlọwọ lati ọwọ Singapore-listed shares. O ṣe iranlọwọ lati 75% si 60% ni ọjọ 20 osu October.