Cathay Pacific Asia Miles - Oasis - liquidation?

There is a rumour that Oasis went into liquidation process this morning. CX is requested by the government to assist in honouring Oasis' ticket commitments.:(

Not at all surprising for an airline that basically flooded capacity into well-served markets with fierce competitors who could match Oasis in costs and draw upon commercial strengths in the battle for business. It's a miracle they lasted this long, really.

Yes, a few sources saying that's the case.

I think the main reason for Oasis's failure is that they just couldn't find any fresh capital, because potential investors have no confidence in their future. I know of someone whose company was approached by Oasis last year for new financing, but after looking at Oasis's profit/loss statement and other data, the company backed off.

I hope that is not true. Competition is always good.

Unfortunately its true.
Wait to see how long it takes for Cx's prices to YVR and LHR rise..;)

I suggest if people want to book cheap Cathay Pacific Business Class tickets to YVR, they should do so NOW. I have seen the fares from HKG-YVR in J drop from about HKD40,000 to HKD22,000 (available now) after O8's entry. I bet it will raise immediately after O8's demise.

Funny you mention that.

I thought the same thing and booked a 22K (HKD) J ticket for the Mrs. this morning as I am sure by this time tommorow it will be back to 40K HKD

I suggest if people want to book cheap Cathay Pacific Business Class tickets to YVR, they should do so NOW. I have seen the fares from HKG-YVR in J drop from about HKD40,000 to HKD22,000 (available now) after O8's entry. I bet it will raise immediately after O8's demise.

This is exactly what I have done first thing this morning for my HKG-YVR RT J trip in July, ticket issued and locked in at the cheap pricing. My travel agent said O8 bookings are no longer valid as of 1030AM HKT this morning (O8 officially tanked) and CX may quickly revise its pricing.

This loss of airlines is devastating and unprecedented:( I guess the O8 aircraft are destined for BCF conversions then?

I suggest if people want to book cheap Cathay Pacific Business Class tickets to YVR, they should do so NOW. I have seen the fares from HKG-YVR in J drop from about HKD40,000 to HKD22,000 (available now) after O8's entry. I bet it will raise immediately after O8's demise.

That's what I thought so I got my parents to buy the CX I fare a few hours ago. It's actually HKD 20,600 a/i.

A lot of flight crew and cabin crew jumped from CX to O8...I wonder what their options are for rejoining CX now?

O8 has filed with the High Court and a press conference will be held 4PM HKT.

It may still be early, but their website doesn't imply anything so far. Is this definite? If so, it's really sad! I was hoping they'd come to either JFK or EWR so they could help drive down J and Y prices to HKG. This is really very unfortunate. Too many carriers are tanking now, possibly due to high air fuel costs. I think something like 3 carriers went down in the US alone this past week.

It may still be early, but their website doesn't imply anything so far. Is this definite? If so, it's really sad! I was hoping they'd come to either JFK or EWR so they could help drive down J and Y prices to HKG. This is really very unfortunate. Too many carriers are tanking now, possibly due to high air fuel costs. I think something like 3 carriers went down in the US alone this past week.

Yes! The website has just stopped accepting new flight bookings! I checked on all the random dates and it shows that no flights are available. I think it has become official that O8 has ceased operations!

real shame, they were a decent airline offering cheap flights.

my folks are presently on route from the uk to hk. how they get back home is anyone's guess at the moment.

real shame, they were a decent airline offering cheap flights.

my folks are presently on route from the uk to hk. how they get back home is anyone's guess at the moment.

If they will be protected on CX, what happens if pax booked on Oasis Business class? Will CX put them into CX business class?

Reading through various papers and listening to the local media, it appears almost likely that this will be true. It's already 1pm here in HK and just 3 hours before they make their announcement which will most likely confirm that. Very very sad development though I wasn't entirely surprised it came down to this. :(

CX must be very happy and relieved that this orange carrier won't be breathing down their necks again on the two routes. On the other hand, definitely not good for consumer pricing.

I'm very sorry to hear this. I thought Oasis had a chance to become the first successful intercontinental / longhaul LLC. The business plan and cautious expansion rate made sense to me.

Not totally dead......Maybe...re-structure by other future potential ower??

From: http://www.reuters.com/article/rbssI...pageNumber=1&virtualBrandChannel=0
Sources close to Hainan Airlines Co -- China's fourth largest carrier and partially controlled by billionaire George Soros -- said the carrier was interested in buying Oasis in an effort to muscle into Hong Kong's aviation market.

The sources told Reuters the firm had been in discussions for months to acquire a controlling stake in Oasis, and had approached Hong Kong's government about the deal.

I'm not in HK now but I heard from my wife watching TV in HK that the press conference will in fact be at 2 pm and not 4 pm ? and the Tourism Board saying that there's no previous airline bankruptcy cases in HK before and so not sure what can be done yet, but they're contacting other airlines serving these routes to see if they could help etc...sth like that...

If you booked your flights using your credit card, at least you will get your money back.

Not totally dead......Maybe...re-structure by other future potential ower??



Apparently that deal's off the table.

http://www.flyertalk.com/forum/showthread.php?t=810683

I just heard the press conference was done already, but the CEO (who also lost his job I guess) was in very bad mood and very bad attitude. kept saying that he doesn't know how many affected (even today's flights), don't know what arrangement there would be for people who bought tickets, etc, "no comments" to everything...and only said that his only job today is to get the message out that they're no longer in business...

This is sad. I just returned last week from HK on Oasis and you can't beat the value.

But after flying with them, I predicted this would happen. My outbound flight from YVR on a Thursday night was 1/2 full. And you could tell that the people on board were those who paid the cheapest of cheap tickets available ($279 plus taxes). There's no way you can survive these days with loads like this.

Cathay's recent announcement of 3 non-stop daily YVR-HKG flights was the nail in the coffin.

I just heard the press conference was done already, but the CEO (who also lost his job I guess) was in very bad mood and very bad attitude. kept saying that he doesn't know how many affected (even today's flights), don't know what arrangement there would be for people who bought tickets, etc, "no comments" to everything...and only said that his only job today is to get the message out that they're no longer in business...

That dude doing most of the talking and answering the questions wasnt the CEO (Stephen Miller). He's the KPMG guy who is taking over the airline for liquidation or whatever. He said he was given the job some 30 mins before the press conference and was informed at 11pm last night... not an excuse for the alck of basic knowledge tho (no. affected on tonights flight). He did say the plane to london is full tho(I tried to book tonights flight before they cut it off, and it was in fact full.)

I fares still available over the Chinese new year period next yeas as I post (just bought another 2).

http://www.cathaypacific.com/cpa/en_INTL/offerspromotions/offerdetails?refID=e102c3ed9cc29110VgnVCM10000010d 21c39____

I wonder how CX got those two extra morning prime-time slots at LHR. I bet BAA must be making a one-time exception. Also does anyone know of the return flight (the two extra flights) from LHR to HKG?

And the ex-HKG UK I class promotion is starting again this afternoon... HKD24800. Seems not a coincidence to me.

And the ex-HKG UK I class promotion is starting again this afternoon... HKD24800. Seems not a coincidence to me.

I would have thought CX would remove their promotional fares in response to Oasis, not put them back on?

http://www.cathaypacific.com/cpa/en_INTL/offerspromotions/offerdetails?refID=e102c3ed9cc29110VgnVCM10000010d 21c39____

I wonder how CX got those two extra morning prime-time slots at LHR. I bet BAA must be making a one-time exception. Also does anyone know of the return flight (the two extra flights) from LHR to HKG?
Apparently those two flights have not been loaded into the systems yet...

I would have thought CX would remove their promotional fares in response to Oasis, not put them back on?

There will be a number of people needing to buy new tickets... no harm in putting in fares to try and attract them to stay in business, rather than economy

...and to attract them to buy CX tickets, instead of BA/VS/NZ/QF or AC or other non-direct options ?

Looks like it has happened:

http://news.bbc.co.uk/1/hi/business/7338424.stm

I fares to YVR seem gone.. Same flights I booked earlier for 22K are now 39K.. Checked a variety of other dates too..

Cheap Biz to YVR is gone:td:

I fares to YVR seem gone.. Same flights I booked earlier for 22K are now 39K.. Checked a variety of other dates too..

Cheap Biz to YVR is gone:td:

I still see it on CX.com.

On CX web page regarding the extra flights for Oasis passengers, they ask passengers to proceed to CX check-in counters in Aisle D of Terminal 1 at Hong Kong International Airport. Are there any CX counters there?

I fares to YVR seem gone.. Same flights I booked earlier for 22K are now 39K.. Checked a variety of other dates too..

Cheap Biz to YVR is gone:td:

No, amazingly they are still there. Even for next February.

I actually don't expect CX to raise the price / stop the promotion of LHR/YVR routes too soon...imagine how bad PR it would be if newspapers find out and say "CX raised YVR price from 22k to 39k, a 80% increase, right after O8 went out of business" etc - they for sure don't want to be seen like ripping off passengers because of lack of competition. If I were them I'd rather keep the price for now, grab the passengers who need to rebook urgently with these low fares (instead of having them go to BA/VS/NZ/QF/AC/etc), and then over time raise the price back to the high level, but gradually...

On CX web page regarding the extra flights for Oasis passengers, they ask passengers to proceed to CX check-in counters in Aisle D of Terminal 1 at Hong Kong International Airport. Are there any CX counters there?

well they used to hv some, but not now anymore. maybe they rented some counters in aisle D for these few days for the 2 CX2353 flights~ (fri by 744, sun by 346)

seems it is juz operating HKG-LHR and they r specifically operate for students going back to uk as requested by the hk government.

I just bought one of their 747's on eBay. The Buy It Now price was too good to pass up - and didn't want to get sniped! :)

Does anyone have a 747 simulator in their garage? :)



http://www.angrybackhand.com

I just bought one of their 747's on eBay. The Buy It Now price was too good to pass up - and didn't want to get sniped! :)


How much did you pay? I'm sitting on 2 unopened HKG-YVR inaugural models.

The smart saver fares to both LHR and YVR are both gone now... :rolleyes:

The smart saver fares to both LHR and YVR are both gone now... :rolleyes:

Still there, just not as prominently advertised on the main page as before.

The advertised withdrawal dates are 31 May (LHR) and 31 Aug (YVR)... let's see what happens.

Smart savers are still available via the small print links at the bottom of the Offers page. They have been removed from the homepage.

These "special" fares seem to be very restricted in terms of availability.

Best I could do was get a one way via PVG on KA/BA on 22 April (parents were originally going back on 20 April) for HK$5k per person.

These "special" fares seem to be very restricted in terms of availability.

Best I could do was get a one way via PVG on KA/BA on 22 April (parents were originally going back on 20 April) for HK$5k per person.

It is posted on CX site that CX 2353 is fully booked and CX 2353 is filling up quickly, but it also says that the special one-way fares are still good on some regular flights to YVR/LHR. Did you check the regular flights with CX hotline?

When these unfortunate events happen, other airlines can only do their best to help.

They never mentioned anything about O8 business class ticket holders.. I wonder if they have a special fare to fly on CX or BA J class... :p

It is posted on CX site that CX 2353 is fully booked and CX 2353 is filling up quickly, but it also says that the special one-way fares are still good on some regular flights to YVR/LHR. Did you check the regular flights with CX hotline?

According to the CX Seatmap for CX2353 on 11APR, it looks like they are offering the J cabin and maybe even F cabin (all seats in F blocked, most seats in J blocked, but some in J show assigned - perhaps to Oasis Business Class pax?) to seat Y pax on the 744.


CX RESPONSE
CX2353/Y/11APR/HKGLHR/744 /W12-48
M 0000 111 333333333 4444445555 5555556666666666 U 888 88
1234 124 012345678 4567890123 4567890123456789 123 67
K XXXX ... X...XXXX. LAAAAAAAAL ...A......A.AA X.. XX
J X...XXXX. LAAAAAAAA. ...A......A
H* ... X...XXXX. LAAAAAAAA. .A.A......A.AA X.. X.
G* XX .X. ...XXXX. X.AAAAAAA XLLAA..........A
F ...XXXX. X.AAAAAAA XLLA...........A
E .X. ...XXXX. X.AA.AAAA XLLA.....A.....A
D* XX ... ...XXXX. ...A.A.AA XLLA.....A.....A
C* .XX ....XXXX. .AAAAAAAA. ...........AAA X.. X.
B ...AXXXXX .AAAAAAAA. ........A..
A XXXX XXX ....XXXXX .AAAAAAAA. ........A....A X.. X¥

AVAIL: A LEAST PREF:L SMOKING: BULKHEAD:
TAKEN: . UPPER DECK: NOSMOKE: WING :
BLOCK: X HANDICAP : BUFFER :R EXIT ROW:
NO MOVIE:Z BASSINET:I SMOKING ZONE: ENCLOSED WITH - -


Similar on CX2353 13APR OP BY A346


CX RESPONSE
MMUS:CX2353/Y/13APR/HKGLHR/346-99/W30-37
0 0 1 1 1 1 1 1 1 1 2 2 3 4 5 6
37
1 2 1 2 4 5 6 7 8 9 0 1 012345678901234 45678901234567
37
K X X X X X X X X X X X X AAAARRRRRRRRRR RAARRRRRRRAAAA
H X X X X X X X X X X RAAAARRRRRRRRRR RAARRRRRRRAAAA

G X X X X X X X X X X X X LAAAARRRRRRRRR IARRRRRRRRAAA
F LAAAARRRRRRRRR LARRRRRRR
E IAAAARRRRRRRRR LARRRRRRRRAAA
D X X X X X X X X X X X X LAAAARRRRRRRRR IARRRRRRRRAAA ¥
C X X X X X X X X X X RAA.ARRRRRRRRRR .AARRRRRRRAAAA
A X X X X X X X X X X X X AAAARRRRRRRRRR RAARRRRRRRAAAA
0 0 1 1 1 1 1 1 1 1 2 2 3 4 5 6

1 2 1 2 4 5 6 7 8 9 0 1 012345678901234 45678901234567


AVAIL: A LEAST PREF:L SMOKING: BULKHEAD:
TAKEN: . UPPER DECK: NOSMOKE: WING :
BLOCK: X HANDICAP : BUFFER :R EXIT ROW:
NO MOVIE:Z BASSINET:I SMOKING ZONE: ENCLOSED WITH - -

I wonder if I could, as a non-O8 ticket holder, book into one of these two flights and get a F/J seat? :D

I wonder if I could, as a non-O8 ticket holder, book into one of these two flights and get a F/J seat? :D

Maybe if you paid full price, but CX has already stated that children who need to get back to school and are holding a O8 ticket will get preference. The flights are filling very quickly so I think it's highly unlikely they will issue you a ticket unless it was right at the last minute.

I wonder if I could, as a non-O8 ticket holder, book into one of these two flights and get a F/J seat? :D

I thought about that too, but that will be unfair to other CX passengers. especially if the other CX flights are really through. I do not know how those seats became occupied - perhaps the O8 ticket holders paid the difference, or perhaps CX asked some passengers from the other flights to take these flights for an op-up.

I am sure they should try to get them occupied and be fair to everyone.

I thought about that too, but that will be unfair to other CX passengers. especially if the other CX flights are really through. I do not know how those seats became occupied - perhaps the O8 ticket holders paid the difference, or perhaps CX asked some passengers from the other flights to take these flights for an op-up.

I am sure they should try to get them occupied and be fair to everyone.

CX internal memo said it is operated as a all-Economy flight, so only Y service throughout the cabin. Also in their press release they mentioned they provided around 660 seats to O8 pax on the extra flights, which match the actual number: 381 (744) + 286 (346) = 667~

I feel that CX isn't very flexible with aircraft scheduling. For example, I wondered why CX coudln't upgrade one of its daily LHR flight from A34C to B77W/B747/A346? What they should have done is let's say temporarily sub CX884 with A34C, and then free up the B744 to do LHR routes, to provide the extra lift.

Also, in another article I read, it seemed that the government capped QF/NZ flights to LHR to a maximum of 50% ex-HKG customers only. I found it news interesting and wondering if this applies to other flights, such as UA HKG-SIN or SQ HKG-SFO?

Also, in another article I read, it seemed that the government capped QF/NZ flights to LHR to a maximum of 50% ex-HKG customers only. I found it news interesting and wondering if this applies to other flights, such as UA HKG-SIN or SQ HKG-SFO?

These restrictions on 5th freedoms are quite common. Japan squashed NW's NRT-SYD service as NW was uplifting too much ex-NRT traffic.

How much did you pay? I'm sitting on 2 unopened HKG-YVR inaugural models.You missed my smileys - I was joking about buying an actual Oasis 747. I guess I'll fire my joke writer...



http://www.angrybackhand.com

You missed my smileys - I was joking about buying an actual Oasis 747. I guess I'll fire my joke writer...

That's what I thought as well :D hmmm.....

I am a passenger who has been stranded by Oasis and I must say Cathay have done a fantastic job in helping me out, I always fly in biz but the deal to get you back is strictly for Y only. The strange thing is CX is charging 250 pound inc tax and BA is only 194, but its worth 50 pound more to fly CX as BA Y is a none starter for me

There are media reports in HK about how people who bought tickets are going to have to wait 2 months before finding out if they will get any money back.

I would have thought that the bulk of people would have bought their tickets using credit cards. I thought that customers woould be able to claim the amount paid back from their credit card company as there is a clause in the terms and conditions (or somewhere like that) that states that if the services or goods purchased are not rendered, then you can get recourse via the credit card?

I know this was the case in countries like Australia as there were a few cases a few years ago where people bought tickets to rock concerts, but the promoters disappeared with the money and the concerts didn't go ahead. So everyone was able to claim the money back through their credit card. I think the same happened when Compass and Ansett went under?

There are media reports in HK about how people who bought tickets are going to have to wait 2 months before finding out if they will get any money back.

I would have thought that the bulk of people would have bought their tickets using credit cards. I thought that customers woould be able to claim the amount paid back from their credit card company as there is a clause in the terms and conditions (or somewhere like that) that states that if the services or goods purchased are not rendered, then you can get recourse via the credit card?

I know this was the case in countries like Australia as there were a few cases a few years ago where people bought tickets to rock concerts, but the promoters disappeared with the money and the concerts didn't go ahead. So everyone was able to claim the money back through their credit card. I think the same happened when Compass and Ansett went under?

In the UK, people are protected by the consumer credit card for such situations. However it seems this may not be the same case for HK issued credit cards and whether you are able to do a charge back.

I just called the credit card company yesterday to ask about this (some "free"/discounted tickets I bought lately with the coupons from this incident last year: http://www.flyertalk.com/forum/showpost.php?p=8220824&postcount=18, also partly describing why they are not making $ at all). They said (1) they'll take the charges off my bills now immediately, i.e. I don't need to pay for those (2) they'll send me a form which then I need to send back, with the Oasis e-ticket receipts, clearly writing down the dates of departure, and put "services not provided" etc as the reason for the charge dispute. he said it'll officially be taken out from my account in a few months' time, but shouldn't be a problem.

This has piqued my interest now and I have found these terms for Citibank credit cards:

5.3 The Cardholder will directly settle disputes between merchants and the Cardholder for goods and services
purchased. The Company will not be responsible for goods and services supplied by merchants or for refusal
of any merchant to accept or honour any Card. Credits to the Account for refunds made by merchants will be
made only when the Company receives a properly issued credit voucher.
This seems to say that you can't come to Citibank to dispute a charge, but I wonder if this is a general clause that all banks put in their credit card agreements, but in reality you can still dispute charges with them?

Or is it unique to Citibank for them to get out of any chargebacks?

Interestingly, this is also in the Citibank terms and conditions, implying that you can approach Citibank to dispute the charges:
(k) Charge Dispute Handling Fee
A Charge Dispute Handling Fee (currently HKD50.00 per Transaction or Charge) will be imposed for any
dispute proved to be invalid after investigation.

I found this on an Australian banks terms (NAB):

16.3 Chargeback rights
Each credit card scheme (Visa, MasterCard) has
a dispute resolution process that is contained in
the operating rules of the credit card scheme.
This process sets out specific circumstances and
timeframes in which a member of the scheme
(e.g. a bank) can claim a refund in connection with a
disputed transaction on a cardholder’s behalf. This is
referred to as a ‘chargeback right’.
NAB’s ability to investigate any disputed transaction
on your account, and subsequently process a
chargeback is restricted by the time limits imposed
under the operating rules of the applicable credit
card scheme.
This seems to imply that chargeback policies are not set by the individual banks, but by credit card scheme (ie Visa, Mastercard, Amex etc). So maybe in HK you still get chargeback rights regardless of the bank?

Oasis' credit card merchant terminal service providing bank will be ultimately responsible for the chargeback claims if Oasis isn't able to fork over the cash. Per VISA/MC rules, the service providing bank has to absorb such credit risks of the merchant getting folded. I think Standard Chartered and its subsidiary Merchant Solutions does their credit card merchant services in HK.

To manage this type of credit risk, service providing banks usually will require some form of collateral, guarantee or a "hold-fund" period (typically 30 days) where the bank will hold on to funds received from credit card transactions before being paid to the merchant to minimize credit exposure.

The Chargeback rules are governed by the Credit Card Associations (VISA. MC, AMEX) and not by individual banks. Clearly in Oasis' case, this is a "service not rendered" type of chargeback. What you need to do is to file a claim with your issuing bank, whom will file with Oasis' service provider bank to claim on your behalf. Once their bank approves the claim, it will refund to your credit card's issuing bank and then credited to your account. During the dispute period the amount is still outstanding in your account but it will not count as overdue and no interest/finance charge will be charged. The chargeback claim period is 120 days from date of transaction. (NB: For airline transactions, it's interpreted as within 120 days of the first departure date, not ticketing date)

Of course this is also subject to any consumer rights/protection laws and regulations of your country.

ssw207: thanks for the info. Good to know that credit card policies are generally global and my sense of security wasn't false.

Interesting, thanks. Presumably this will stuff anyone else thinking of starting up a LCC long haul in HK... (or taking over Oasis) as the credit card companies will now be much tougher. Apparantly this is what sent Frontier into Chapter 11 (the cc companies looking to protect themselves by increasing the cash they hold vs the airline)

Interesting, thanks. Presumably this will stuff anyone else thinking of starting up a LCC long haul in HK... (or taking over Oasis) as the credit card companies will now be much tougher. Apparantly this is what sent Frontier into Chapter 11 (the cc companies looking to protect themselves by increasing the cash they hold vs the airline)

Exactly as the banks providing credit card terminal services will be very tough on their credit approval process. However if O8 was in pretty bad financial state earlier on, their banker should have noticed this and would have instated a longer fund withholding period, request more collateral or just terminate the card processing agreement altogether.. but yes this would stem the cash flow for the already cash strapped O8.

There's rumor that Victor Li of Cheung Kong (Li Ka Shing's elder son) wants to salvage O8, given his earler unsucessful bidding attempt for AC.

There's rumor that Victor Li of Cheung Kong (Li Ka Shing's elder son) wants to salvage O8, given his earler unsucessful bidding attempt for AC.

3rd(?) HK billionaire wanting to become a millionaire in the airline business?

There's rumor that Victor Li of Cheung Kong (Li Ka Shing's elder son) wants to salvage O8, given his earler unsucessful bidding attempt for AC.

I believe that he had injected some money a few weeks into O8 right before it collapsed... Given that it would now be cheaper to pick up the O8 scraps and start a completely new airline, I highly doubt anyone would be willing to try to salvage O8 in its current state...

It was reported in local newspaper last week that Li Ka-Shing gave Raymond Lee or Oasis a loan very recently. It's the involvement of the Lis that certain details of the loan that stops Hainan from pursuing further its buyout or takeover.

I am waiting for the respond from HSBC's MC for the credit, my tickets were 'free' (class x) from Oasis, but paid for the fuel surcharge and security.

my tickets were 'free' (class x) from Oasis, but paid for the fuel surcharge and security.

exactly my case here too...seems they really hand out a lot of free tickets and their high load factor is partly due to these free tickets...

for HSBC, do you still need to pay for that amount first or not ? in the case of DBS, while on the phone they already immediately told me they'll hold that amount first and I don't need to pay anymore, although officially the amount will only be taken off my account after a few months of investigation or sth...

for HSBC, do you still need to pay for that amount first or not ? in the case of DBS, while on the phone they already immediately told me they'll hold that amount first and I don't need to pay anymore, although officially the amount will only be taken off my account after a few months of investigation or sth...

I am afraid to say yes, the debit went though last month, and I have check on my account online this morning, NO credit shown as yet, it might take months before I can see the refund.

actually I read from newspaper in HK this morning that at least HSBC and Hang Seng banks have similar arrangement as what I described about DBS above - i.e. they would refund to the consumers first while they're dealing with the official refund from Oasis' banks as long as the consumers can show that the service was never rendered (e.g. show an Oasis ticket receipt for a departure date some time in the future).

If I bought my ticket from a travel agent in Taiwan and paid by direct transfer into his account, will it be his responsibility to pay me back directly and then get his mony back from Oasis ?

Thanks for the info, it take time to solve this mess by MC