CHINA Aviation Oil (Singapore) Corp, which sought protection from creditors in 2004 after a trading scandal, has appointed new managers to run the company.

The jet-fuel supplier appointed Zhang Zhenqi as the executive director and general manager of a group called the Senior Officers Meeting, the company said in a filing with the Singapore Exchange yesterday. Zhang was formerly the deputy head of a task force appointed in November 2004 to restructure the company after it revealed US$550 million in losses in 2004, built up because of bad bets on the price of oil.

The company said it has disbanded the special task force, Bloomberg News reported. Zhang Xingbo was appointed deputy general manager.