T-Bird76
2008-04-08, 08:33 PM
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 (http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSB66362620080409)
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.
http://www.reuters.com/article/rbssFina ... 2620080409 (http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSB66362620080409)
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.