Oasis Airlines, a Hong Kong based budget carrier announced today that it will cease operations effective immediately and apply for liquidation. The news came on the heels of huge losses in the wake of rising oil prices and operations out of one of world’s most expensive Hong Kong airport.

Unlike other budget airlines, Oasis operated long haul flights to London and Vancouver from Hong Kong and offered in-flight meals and entertainment. They also had business class seats on flight which were normally cheaper than regular-priced economy seats from competitors such as Cathay Pacific.

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This entry was posted on Wednesday, April 9th, 2008 at 5:13 pm and is filed under Hong Kong, Travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.