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.:(
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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.
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Yes, a few sources saying that's the case.
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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.
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I hope that is not true. Competition is always good.
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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.
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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 |
Originally Posted by pacificboot
(Post 9541155)
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.
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This loss of airlines is devastating and unprecedented:( I guess the O8 aircraft are destined for BCF conversions then?
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Originally Posted by pacificboot
(Post 9541155)
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.
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A lot of flight crew and cabin crew jumped from CX to O8...I wonder what their options are for rejoining CX now?
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O8 has filed with the High Court and a press conference will be held 4PM HKT.
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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.
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Website not accpeting new bookings
Originally Posted by G-man82
(Post 9541366)
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.
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