Hong Kong low cost airline goes bust

A low cost airline that advertised flights to Hong Kong for %26pound;65 has gone bust.

Oasis Hong Kong Airlines went into voluntary liquidation today and has
cancelled all flights.

Chief executive Stephen Miller told a press conference this morning: “It
is with great regret that Oasis Hong Kong Airlines has today voluntarily
applied to the Hong Kong courts to appoint a liquidator.”

The carrier launched in October 2006 and sought to offer low cost, no-frills
flights between the Gatwick and Hong Kong, and later between Vancouver and
Hong Kong. The flights typically cost from %26pound;65 one-way or %26pound;150 return, plus
around %26pound;106 in taxes.