This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/asia-pacific/6082816.stm

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
HK's new budget airline takes off HK's new budget airline takes off
(about 2 hours later)
Hong Kong's first budget airline, Oasis, is due to take off with an inaugural flight to London. Hong Kong's first budget airline, Oasis, has taken off on its inaugural flight to London.
Unusually for a low-cost carrier, it offers food and business class and concentrates on long-haul flights.Unusually for a low-cost carrier, it offers food and business class and concentrates on long-haul flights.
A reservations clerk said the first flight - taking off at 1300 local time (0500 GMT) - had been fully booked. The first flight - to Gatwick airport - took off at 1300 local time (0500 GMT) and was fully booked.
Seats in economy class cost as little as $200 (£112) including tax. Business class costs less than economy on established airlines. Seats in economy class cost from $200 (£112) including tax while business class is cheaper than economy on established airlines.
Shake-up promised
Oasis Airlines was set up last year by Stephen Miller. He had earlier founded Dragonair, an airline since bought out by Hong Kong's main carrier, Cathay Pacific.Oasis Airlines was set up last year by Stephen Miller. He had earlier founded Dragonair, an airline since bought out by Hong Kong's main carrier, Cathay Pacific.
For his new venture he received financial backing from Hong Kong investors including the Reverend Raymond and Priscylla Lee, who had moved long ago from ministry into property development.For his new venture he received financial backing from Hong Kong investors including the Reverend Raymond and Priscylla Lee, who had moved long ago from ministry into property development.
Oasis promises to shake up the airline industry in Hong Kong and beyond as the first budget carrier to focus only on the long haul.Oasis promises to shake up the airline industry in Hong Kong and beyond as the first budget carrier to focus only on the long haul.
After a few months flying to London, Oasis plans to fly to the US and to destinations in Europe such as Berlin and Milan.After a few months flying to London, Oasis plans to fly to the US and to destinations in Europe such as Berlin and Milan.
On the London route alone, Oasis will spark direct competition with Cathay Pacific, British Airways and Virgin Airlines.On the London route alone, Oasis will spark direct competition with Cathay Pacific, British Airways and Virgin Airlines.
Industry experts say prices across the board will have to be lowered.Industry experts say prices across the board will have to be lowered.