some people said OASIS HK might shut down tomorrow
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Join Date: May 2007
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some people said OASIS HK might shut down tomorrow
http://www.airliners.net/aviation-fo....main/3925897/
"Just read the Hong Kong ecnomic Times that Oasis Hong Kong Airlines 'MAY' shut down as of Wednesday Hong Kong time. The newspaper sited heavy loses of over 100 million dollars (HK$ or US$ ???) and no prospect of making money. (see www.hket.com but it is in Chinese only).
This so called news in fact has been circulating in Hong Kong for about 7 days. Oasis recently as late as December had a major share holder change, and up till now cannot find any replacement investors. Only very few outsiders were aware of the changes in share holders, but news like this will leak sooner or later.
My sources told me that once the B747 departed YVR today at 1700 hrs, it will then terminate in HKG, and will not turn around to UK. Similarly the UK flight after landed in HKG will stop operations. So far no one at Oasis office here in Canada or in HKG is responding to the news.
Bad news for any ticket holders !!
"
"Just read the Hong Kong ecnomic Times that Oasis Hong Kong Airlines 'MAY' shut down as of Wednesday Hong Kong time. The newspaper sited heavy loses of over 100 million dollars (HK$ or US$ ???) and no prospect of making money. (see www.hket.com but it is in Chinese only).
This so called news in fact has been circulating in Hong Kong for about 7 days. Oasis recently as late as December had a major share holder change, and up till now cannot find any replacement investors. Only very few outsiders were aware of the changes in share holders, but news like this will leak sooner or later.
My sources told me that once the B747 departed YVR today at 1700 hrs, it will then terminate in HKG, and will not turn around to UK. Similarly the UK flight after landed in HKG will stop operations. So far no one at Oasis office here in Canada or in HKG is responding to the news.
Bad news for any ticket holders !!
"
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I don't believe ticket holders will lose anything - part of the ticket price includes a levy to the HKSAR Government which insures against failures, shutdowns, etc. Should O8 fold (and I sincerely hope it doesn't) ticket holders are insured. The same can't be said for creditors.
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It is only the HONG KONG ECONOMIC TIMES carring this story in HKG today. All other media streams not carrying this story- Oasis website has no announcement - RTHK radio news at 10:00am didn't mention it........
I tried phoning the pax enquiry number 36280628 but it stays engaged.
Hope they make it -
AFL
I tried phoning the pax enquiry number 36280628 but it stays engaged.
Hope they make it -
AFL
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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;
Newspaper Web site: http://www.hket.com -By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002;
15 minutes later...........I just reconfirmed my May tickets........"All operations normal? nothing to worry about"
So you're not closing down tomorrow?........."No"
So I don't need to buy tickets on another airline?......."No"
So the papers & internet are full of crap?........"Yes"
...........the plot thickens
So you're not closing down tomorrow?........."No"
So I don't need to buy tickets on another airline?......."No"
So the papers & internet are full of crap?........"Yes"
...........the plot thickens
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well it appears their phone lines are now really busy..... hopefully, for all of us, just a bad rumour.
just got off the ph with them, and was told ops normal... WTF
just got off the ph with them, and was told ops normal... WTF
Last edited by Humber10; 9th Apr 2008 at 03:33.
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Trying to book online and no matter the date or class, this is the message displayed:
Sorry, there are no available flights on the date(s) you have requested.
I bet our ex-FCRM T.P is sorry he jumped ship on the 31st of March!
Sorry, there are no available flights on the date(s) you have requested.I bet our ex-FCRM T.P is sorry he jumped ship on the 31st of March!
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What a shame some really good people there and I know of a couple in London doing type ratings for them as we speak.
A flood of 744 drivers on the market hopefully they will all get jobs.
I wonder if the Aviator/Slashers will go bust aswell.
A flood of 744 drivers on the market hopefully they will all get jobs.
I wonder if the Aviator/Slashers will go bust aswell.
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Very sorry to see things not going well. Airlines like CX/BA/QF need a bit of competition down the back, and cities like HKG need home grown alternatives to the encumbent 'leviathan'.
Good Luck All,
N1 Vibes (Working to bring the system down from the inside)
Good Luck All,
N1 Vibes (Working to bring the system down from the inside)