Oasis Airlines Ceases Operations - Low Cost Across the Pacific Will Have to Wait

Wednesday, April 9. 2008

Oasis Airlines Ceases Operations - Low Cost Across the Pacific Will Have to Wait

When Oasis Airlines started out promoting low cost air service from the U.S. to Hong Kong, many jumped at the opportunity to fly this new airline. However, Oasis has been unable to turn the corner and has ceased operations. Airlines right now, hard times, impending recession, high oil prices, ... More here via Reuters.

HONG KONG (Reuters) - Hong Kong-based budget carrier Oasis Hong Kong Airlines said on Wednesday it had halted flights and would go into liquidation after just 17 months in the air as record high fuel prices and stiff competition triggered heavy losses.

Posted by Mobissimo in News, Airline Industry at 10:33 | Comments (0) | Trackbacks (0)

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