Oasis stops flying

Hong Kong-based low-cost airline Oasis has gone into liquidation, cancelling all of its flights, stranding hundreds of passengers. The airline first flew in October 2006, offering flights from Gatwick to Hong Kong for as little as 1000 Hong Kong dollars (£65) each way. It later added flights from Hong Kong to Vancouver, but is reported to have been hit hard by rising fuel costs.

Oasis operated daily flights between Gatwick and Hong Kong and six services a week between Hong Kong and Vancouver. It was launched 18 months ago by husband-and-wife team Raymond and Priscilla Lee and employs almost 700 staff.

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Oasis chief executive Stephen Miller held a news conference to announce the shutdown. He said: ‘It is with great regret that Oasis Hong Kong Airlines has today voluntarily applied to the Hong Kong courts to appoint a liquidator,

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This Airport News article was created on 9th April 2008