Budget airline Oasis in liquidation: chief executive
50 minutes ago
HONG KONG (AFP) — The chief executive of Hong Kong-based budget airline Oasis, Steven Miller, said Wednesday that the carrier had gone into liquidation.
"It is with great regret that Oasis Hong Kong Airlines has today voluntarily applied to the Hong Kong courts to appoint a liquidator," Miller told a press conference.
Earlier, the Hong Kong Economic Times reported a "rumour" that the company was struggling under debts of up to one billion Hong Kong dollars (128 million US) and would cease flying from Wednesday.