Oasis - liquidation?
Apr 8, 2008, 8:16 pm
#2
Suspended
Join Date: Jun 2005
Programs: Continental Gold Elite, United Premier Executive
Posts: 6,766
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.
Apr 8, 2008, 8:22 pm
#4
Join Date: Sep 2004
Location: HK
Programs: Cathay Silver, Marriott Ambassador, Hilton Diamond
Posts: 664
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.
Last edited by pacificboot; Apr 8, 2008 at 8:34 pm
Apr 8, 2008, 9:02 pm
#7
Join Date: Sep 2004
Location: HK
Programs: Cathay Silver, Marriott Ambassador, Hilton Diamond
Posts: 664
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.
Last edited by pacificboot; Apr 8, 2008 at 9:15 pm
Apr 8, 2008, 9:24 pm
#9
formerly ssw207
Join Date: Apr 2000
Programs: BAGld, JLJGC, TK*G, EK-G, HH Dia,IHG Amb-PE, Bonvoy Gd, Shangrila DM
Posts: 657
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.
Apr 8, 2008, 9:30 pm
#11
FlyerTalk Evangelist
Join Date: Nov 1999
Programs: FB Silver going for Gold
Posts: 21,810
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.
Apr 8, 2008, 9:57 pm
#14
Join Date: May 2007
Location: ATL
Programs: Delta SkyMiles (DM), Hilton Honors Diamond, Hyatt Globalist
Posts: 445
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.
Apr 8, 2008, 10:03 pm
#15
Join Date: Sep 2004
Location: HK
Programs: Cathay Silver, Marriott Ambassador, Hilton Diamond
Posts: 664
Website not accpeting new bookings
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.