Oasis Hong Kong to Shut down

Another one bites the dust....I'm not surprised these fringe airlines really never had a chance. Odd biz models generally don't work in the industry as we've seen with SkyBus and ATA.

http://www.reuters.com/article/rbssFina ... 2620080409

Quote:

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HONG KONG ECONOMIC TIMES

-- Local airline Oasis Hong Kong, launched in Oct. 2006, is said to be running out of business and will stop flying from today. The airline has reportedly accumulated losses of as much as HK$1 billion. Sources say more than HK$1 million in losses is incurred on each flight Oasis operates.

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NO!!!!!
such a great color scheme!!

what is happening to the airlines? :shock:

OMG!!!!!!! What a shame to hear about this.... 4th airline now!! onlly 2 years old, Is it because of fuel situation????