2006/09/05 09:05
<ET Net News> Oasis Hong Kong Airlines, which will launch flights to London on October 25, said yesterday it might sell shares to the public as it looked to raise capital to expand its fleet of long-haul aircraft to 25 units in five years, according to chairman Raymond Lee Cho-min. "Our aim to go public eventually is driven by the desire to make Oasis available to Hong Kong investors," Mr Lee said at the airline's launch yesterday. "We were told by investment banks that this could be possible within nine months after our launch." However, market watchers reacted with scepticism to the early timeline yesterday, pointing out local regulations require a track record of no less than three consecutive years of profit before qualifying to list on the main board.