Oasis Hong Kong to cease operations
Posted by Emma on April 09, 2008 at 12:13 PM
Budget carrier, Oasis Hong Kong Airlines, is said to be ceasing operations from today. According to reports, the airline has suffered heavy losses since it began flights in October 2006.
"We have no comment for the time being," Oasis CEO Stephen Miller told Reuters.
The Hong Kong Economic Times today quotes unidentified sources saying that the airline has accumulated losses of about HK$1 billion (US$128 million) during two years of operation as it struggled to grab a slice of the market.

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