It may be reality check time for Oasis, unfortunately. The odds are stacked against them:
1. Main share-holder owes wealth to property empire in US - not place to be at the moment, no matter how sharp you are, if you are trying to finance an airline expansion.
2. Master mind of commercial plan has "left" - probably no endorsement of plan by new investors.
3. All the pundits (except Fernandez) point out that low cost long haul using major airports is a tough call - same airport landing/ handling/ overflight/ navigation/ fuel and other charges. top rates for aircrew. So, some saving on catering - that is not a big deal.
4. Front end traffic is reportedly not generating the revenue expected - falls between two stools? High load factors do not always translate into profitability.
5. Fuel US$2.80 per USG and B744? Was that on the business plan?
6. Whatever the platitudes, the big boys do not like competition on Vancouver and London. Swire have a history of polite British upper class utterances and Attila the Hun actions. That is certainly no surprise to the Oasis CEO.
7. Signs are that they are not attracting the calibre of staff they need other than in the flight deck.
I would like to be totally wrong (it would not be the first time). Maybe Hainan will come along on a white charger and buy them up?