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 ...

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