Here we go again… again


At the time of going to press it was still unclear exactly how the folks at China Aviation Oil had racked up their stellar $550 million oil derivatives losses. We will, no doubt, in the months to come, become privy to the somewhat irregular (to say the least) goings-on within the organisation that, until recently, supplied the bulk of China's aviation fuel. That is, once the raft of investigations into the mechanics of this malfeasance have been wrapped up and the ensuing conclusions and rec