Hit hard by surging oil prices and fierce competition from Cathay Pacific Airways, Oasis Hong Kong Airlines, the 17-month-old low-cost, long-haul carrier, ceased operations yesterday. Oasis CEO Stephen Miller said the airline applied for a voluntary liquidator and that two representatives of KPMG were appointed by the Hong Kong Court to oversee the liquidation. Miller did not reveal the company's financial performance, but it has been reported that Oasis had suffered HK$1 billion ($128.4 ...

Subscribe to Access this Entire Article

"Oasis Hong Kong ceases operations" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.