DJ Newswires Report @ 1004
DJ Oasis Hong Kong Airlines To Announce End Of Business - Report2008/04/09 10:04HONG KONG (Dow Jones)--Budget carrier Oasis Hong Kong Airlines Ltd. will announce Wednesday it is ending its business due to an accumulated loss of HK$1 billion since it was launched in October 2006, the Hong Kong Economic Times reported Wednesday, citing unnamed sources. The paper, quoting the sources, said Oasis priced its fares so low it couldn't cover half of its costs. Oasis couldn't immediately be reached for comment. According to the Hong Kong Airport Authority's Web site, an Oasis flight departed for London at 1700 GMT Tuesday as scheduled, and an Oasis plane is expected to arrive in Hong Kong at 0700 GMT Wednesday.
Newspaper Web site:
http://www.hket.com -By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002;
The above posted by Dow Jones Newswires earlier this morning ...