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Oasis budget airline stops flying Oasis budget airline stops flying
(10 minutes later)
Hundreds of passengers have been left stranded after the Hong Kong airline Oasis stopped flying and applied to go into liquidation.Hundreds of passengers have been left stranded after the Hong Kong airline Oasis stopped flying and applied to go into liquidation.
Oasis first flew in October 2006, offering flights from London Gatwick to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way.Oasis first flew in October 2006, offering flights from London Gatwick to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way.
It later added flights from Hong Kong to Vancouver.It later added flights from Hong Kong to Vancouver.
KPMG, appointed as liquidator, advised ticket holders to call 00852 3628 0628 or 0844 482 2323 for more information.KPMG, appointed as liquidator, advised ticket holders to call 00852 3628 0628 or 0844 482 2323 for more information.
Fuel bills Oasis operated daily flights between London and Hong Kong and six services a week between Hong Kong and Vancouver.
Fellow Hong Kong airline Cathay Pacific is to offer specially priced one-way flights for stranded Oasis passengers. School holidays
Fellow Hong Kong airline Cathay Pacific is offering specially priced one-way flights for stranded Oasis passengers and is trying to schedule extra flights.
HOTLINE NUMBERS Hong Kong +852 3628 0628 UK 0844 482 2323 (from within UK)+44 1293 596 633 Canada and US +1 888 983 0808
"There are hundreds of people stranded, including children returning after the Easter school holidays," said a Cathay Pacific spokeswoman.
Oasis chief executive Stephen Miller held a news conference to announce the shutdown but did not give any details of why it had happened.Oasis chief executive Stephen Miller held a news conference to announce the shutdown but did not give any details of why it had happened.
The Hong Kong Economic Times reported that the airline was struggling with debts of up to one billion Hong Kong dollars ($128m).The Hong Kong Economic Times reported that the airline was struggling with debts of up to one billion Hong Kong dollars ($128m).
Fuel prices
Soaring fuel bills have forced other airlines out of business recently, including the Hawaiian airline Aloha and the business class airline Maxjet.Soaring fuel bills have forced other airlines out of business recently, including the Hawaiian airline Aloha and the business class airline Maxjet.
Oasis was launched 18 months ago by husband-and-wife team Raymond and Priscilla Lee and employs almost 700 staff.
The Hong Kong government has stepped in to co-ordinate measures to help stranded passengers and is sending staff to assist at London and Vancouver airports.
The final Oasis flight arrived in Hong Kong from London at about 0700 GMT on Wednesday, with passengers being told the news on board.