Oasis Hong Kong Operation Updates
Apr 8, 08, 6:56 pm
#1
Original Poster
Join Date: May 2001
Location: YVR
Posts: 3,918
Oasis Hong Kong Operation Updates
Local Hong Kong newspaper on Wednesday (09APR08) reports that OASiS Hong Kong may announce suspending operation on Wednesday, as the airline accumulated a total loss of over HKD1 billion.
The airline has been searching for new investors for weeks to inject fresh cash into the airline for future expansion
More to follow.
The airline has been searching for new investors for weeks to inject fresh cash into the airline for future expansion
More to follow.
Apr 8, 08, 7:20 pm
#2
FlyerTalk Evangelist
Join Date: Nov 2003
Location: HKG
Programs: Priority Club Plat
Posts: 12,311
I won't be surprised. They come out about 2 weeks ago saying they've received their 5th 744s, yet despite all the rumors about starting SYD or DUS/MAN or wherever, there's no sign of anything.
Why would you get an aircraft but not announce any new flight or route?
Why would you get an aircraft but not announce any new flight or route?
Apr 8, 08, 10:05 pm
#6
Join Date: Sep 2004
Location: HK
Programs: Cathay Silver, Marriott Ambassador, Hilton Diamond
Posts: 648
Reports are saying that the government is asking CX to endorse O8's tickets, but nothing concrete has come out yet. I am sure you can just refute your credit card charges if it really happens.
Last edited by pacificboot; Apr 8, 08 at 10:15 pm
Apr 8, 08, 10:32 pm
#7
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
Something in English (though hardly definitive) for those interested.
-- 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.
Apr 9, 08, 12:11 am
#9
Original Poster
Join Date: May 2001
Location: YVR
Posts: 3,918
Apr 9, 08, 2:15 am
#11
Suspended
Join Date: Sep 2007
Posts: 747
Hong Kong Oasis Airlines stops bookings amid reports of financial problems
HONG KONG (XFN-ASIA) - Oasis Hong Kong Airlines, the territory's long-haul
budget airline, has stopped accepting flight bookings amid media reports that
financial difficulties may force the company to cease operations.
Some of Oasis' general travel agents told XFN-Asia they were unable to make
bookings for Oasis flights on the airline's online booking system as of this
morning.
"We don't know what's happening at Oasis, but we have read some reports that
the company is purportedly in financial trouble," said one of the agents.
Oasis officials could not be reached for comment.
The Economic Times has reported, citing an unidentified source, that Oasis
will stop all flights from today and will explain to customers who have already
bought tickets how they can be refunded.
The newspaper said Oasis has accumulated losses of about 1.0 bln hkd since
its launch in 2006 as it offered cheap prices for long-haul flights to London
and Canada while underestimating its costs.
The airline is currently offering round-trip flights to London from Hong
Kong for as low as 2,000 hkd.
The Economic Times added that Oasis shareholders are looking for a buyer for
the company.
Meanwhile, Radio Television Hong Kong (RTHK) reported that Oasis' management
met this morning and that it may issue a statement this afternoon.
It said Oasis' customer service staff have not received any notice from
management about a possible closure.
It also cited Joseph Tung, executive director of the Travel Industry Council
as saying that the agency was closely monitoring the situation relating to
Oasis' operations.
Oasis said on its website that the company started offering its services on
October 2006 with the principal objective of "making frequent long-haul travel
accessible to all."
It said it is currently offering daily non-stop flights between Hong Kong
and London and six flights every week between Hong Kong and Vancouver.
[email protected]
jc/rl/kmq
-
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The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
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HONG KONG (XFN-ASIA) - Oasis Hong Kong Airlines, the territory's long-haul
budget airline, has stopped accepting flight bookings amid media reports that
financial difficulties may force the company to cease operations.
Some of Oasis' general travel agents told XFN-Asia they were unable to make
bookings for Oasis flights on the airline's online booking system as of this
morning.
"We don't know what's happening at Oasis, but we have read some reports that
the company is purportedly in financial trouble," said one of the agents.
Oasis officials could not be reached for comment.
The Economic Times has reported, citing an unidentified source, that Oasis
will stop all flights from today and will explain to customers who have already
bought tickets how they can be refunded.
The newspaper said Oasis has accumulated losses of about 1.0 bln hkd since
its launch in 2006 as it offered cheap prices for long-haul flights to London
and Canada while underestimating its costs.
The airline is currently offering round-trip flights to London from Hong
Kong for as low as 2,000 hkd.
The Economic Times added that Oasis shareholders are looking for a buyer for
the company.
Meanwhile, Radio Television Hong Kong (RTHK) reported that Oasis' management
met this morning and that it may issue a statement this afternoon.
It said Oasis' customer service staff have not received any notice from
management about a possible closure.
It also cited Joseph Tung, executive director of the Travel Industry Council
as saying that the agency was closely monitoring the situation relating to
Oasis' operations.
Oasis said on its website that the company started offering its services on
October 2006 with the principal objective of "making frequent long-haul travel
accessible to all."
It said it is currently offering daily non-stop flights between Hong Kong
and London and six flights every week between Hong Kong and Vancouver.
[email protected]
jc/rl/kmq
-
xfnjcc/xfnkm
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
No virus found in this incoming message.
Checked by AVG.
Version: 7.5.519 / Virus Database: 269.22.9/1364 - Release Date: 07/04/2008 18:38
Apr 9, 08, 3:57 am
#12
Join Date: Dec 2005
Posts: 315
From Cathays Website:
http://www.cathaypacific.com/cpa/en_...0010d21c39____
A Notice to Ticket Holders Stranded by Cancellation of Oasis Hong Kong Airlines Services
As a result of Oasis Hong Kong Airlines suspending all of its passenger services from today, Cathay Pacific is committed to helping as far as it can Oasis ticket holders who have confirmed bookings on its London and Vancouver routes in the coming two weeks.
To do so, we have made the following arrangements:
Availability of Flights:
We wish to emphasise that while we will do all we can to help affected Oasis passengers, our ability to do so is limited by the heavy current and forward bookings on Cathay Pacific flights, especially from Hong Kong to London.
Cathay Pacific will operate the following special additional flights to London with a priority to accommodate those schoolchildren with Oasis tickets and confirmed bookings returning to the United Kingdom at the end of the current term break:
CX2353/11April departs HKG 0120 arrives LHR 0705 B744
CX2353/13April departs HKG 0110 arrives LHR 0655 A346
Please note that these flights are still subject to government approval.
Special Fare:
A special one-way Economy Class fare at HKD2,500 (plus applicable charges see note 1) will be offered to eligible Oasis ticket holders on Hong Kong to London, or Hong Kong to Vancouver. This special fare is only available to affected Oasis passengers by calling the Cathay Pacific hotlines directly. Payment must be settled by credit cards only.
Eligibility:
Oasis ticket holders with confirmed bookings from 9 April to 23 April 2008 (both dates inclusive)] on Hong Kong to London or Hong Kong to Vancouver. Proof of travel documents will be required.
Customer Hotline:
We have established a special hotline in Hong Kong 2747-6181 for Oasis passengers with confirmed bookings to obtain details of the arrangements we are putting in place. The Hong Kong hotline will be open 24 hours and available with immediate effect until further notice.
Please refer back to our website www.cathaypacific.com.hk for the latest information.
Notes:
1 Applicable charges include a fuel surcharge of HK$518 and airport /government charges of HK$153.
Terms and Conditions
These special fares are applicable for one-way economy class journey only.
All applicable taxes, fees, charges and surcharges are not included in the fares and will be assessed separately.
Ticket is valid on date of flight shown, non-endorsable, non-refundable and non-reroutable.
Flights and fares are subject to government approval.
CX standard Unaccompanied Children and Minors policy, procedures and service fees shall apply.
Passenger must be booked & ticketed on an Oasis flight departing between now and 23 April 2008 (inclusive) to qualify for this offer. Holder of confirmed Oasis e-ticket must present passport as proof at time of booking. Fax and email addresses will be provided at time of booking by the Hotline staff to send this proof to.
Passengers with bookings on Oasis flights departing after 23 April 2008 are not eligible for this special one-way fare arrangement; however, passengers can purchase normal Cathay Pacific tickets via the Cathay Pacific website or their travel agents. Ofers are subject to reservation system seat/booking availability of Cathay Pacific Airways.
Tickets must be issued immediately after booking is made, and payment should be settled by valid credit card.
Passengers are advised to call the hotline for more details and bookings.
Local hotlines set up to handle bookings for one way of country of origin only, e.g. Hong Kong hotline is for booking of journey departing from Hong Kong only.
Passengers departing from Hong Kong should proceed to CX check in counters in Aisle D of Terminal 1 at Hong Kong International Airport.
Other terms and conditions for ticketing may apply.
A Notice to Ticket Holders Stranded by Cancellation of Oasis Hong Kong Airlines Services
As a result of Oasis Hong Kong Airlines suspending all of its passenger services from today, Cathay Pacific is committed to helping as far as it can Oasis ticket holders who have confirmed bookings on its London and Vancouver routes in the coming two weeks.
To do so, we have made the following arrangements:
Availability of Flights:
We wish to emphasise that while we will do all we can to help affected Oasis passengers, our ability to do so is limited by the heavy current and forward bookings on Cathay Pacific flights, especially from Hong Kong to London.
Cathay Pacific will operate the following special additional flights to London with a priority to accommodate those schoolchildren with Oasis tickets and confirmed bookings returning to the United Kingdom at the end of the current term break:
CX2353/11April departs HKG 0120 arrives LHR 0705 B744
CX2353/13April departs HKG 0110 arrives LHR 0655 A346
Please note that these flights are still subject to government approval.
Special Fare:
A special one-way Economy Class fare at HKD2,500 (plus applicable charges see note 1) will be offered to eligible Oasis ticket holders on Hong Kong to London, or Hong Kong to Vancouver. This special fare is only available to affected Oasis passengers by calling the Cathay Pacific hotlines directly. Payment must be settled by credit cards only.
Eligibility:
Oasis ticket holders with confirmed bookings from 9 April to 23 April 2008 (both dates inclusive)] on Hong Kong to London or Hong Kong to Vancouver. Proof of travel documents will be required.
Customer Hotline:
We have established a special hotline in Hong Kong 2747-6181 for Oasis passengers with confirmed bookings to obtain details of the arrangements we are putting in place. The Hong Kong hotline will be open 24 hours and available with immediate effect until further notice.
Please refer back to our website www.cathaypacific.com.hk for the latest information.
Notes:
1 Applicable charges include a fuel surcharge of HK$518 and airport /government charges of HK$153.
Terms and Conditions
These special fares are applicable for one-way economy class journey only.
All applicable taxes, fees, charges and surcharges are not included in the fares and will be assessed separately.
Ticket is valid on date of flight shown, non-endorsable, non-refundable and non-reroutable.
Flights and fares are subject to government approval.
CX standard Unaccompanied Children and Minors policy, procedures and service fees shall apply.
Passenger must be booked & ticketed on an Oasis flight departing between now and 23 April 2008 (inclusive) to qualify for this offer. Holder of confirmed Oasis e-ticket must present passport as proof at time of booking. Fax and email addresses will be provided at time of booking by the Hotline staff to send this proof to.
Passengers with bookings on Oasis flights departing after 23 April 2008 are not eligible for this special one-way fare arrangement; however, passengers can purchase normal Cathay Pacific tickets via the Cathay Pacific website or their travel agents. Ofers are subject to reservation system seat/booking availability of Cathay Pacific Airways.
Tickets must be issued immediately after booking is made, and payment should be settled by valid credit card.
Passengers are advised to call the hotline for more details and bookings.
Local hotlines set up to handle bookings for one way of country of origin only, e.g. Hong Kong hotline is for booking of journey departing from Hong Kong only.
Passengers departing from Hong Kong should proceed to CX check in counters in Aisle D of Terminal 1 at Hong Kong International Airport.
Other terms and conditions for ticketing may apply.
Apr 9, 08, 6:55 am
#13
Join Date: Dec 2005
Location: Japan
Posts: 5,573
This probably was inevitable, although I for one was routing for them.
Any discount airline with a halfway decent service to Europe and
N. America should really receive support. Not from business, but from
all the leisure market who gets really strained by rising fares, which
also are inevitable due to the crazy oil prices. But a LFC is at least
one option. At this point that leaves nothing else available. Back to
the usual suspects, I suppose.
Any discount airline with a halfway decent service to Europe and
N. America should really receive support. Not from business, but from
all the leisure market who gets really strained by rising fares, which
also are inevitable due to the crazy oil prices. But a LFC is at least
one option. At this point that leaves nothing else available. Back to
the usual suspects, I suppose.
Apr 9, 08, 7:35 am
#14
Join Date: Feb 2006
Location: London
Posts: 2,809
http://www.bloomberg.com/apps/news?p...PYs&refer=home
Cathay Pacific, Hong Kong's largest airline, will add extra flights on Friday and Sunday to help get stranded passengers to London, it said in an e-mailed statement today. It will offer one-way economy class tickets to London and Vancouver for HK$2,500 ($320), excluding taxes and surcharges.
British Airways said it will offer Oasis passengers flights to London for HK$1,250 until the end of April, said Joerg Tuensmeyer, general manager for China.
[...]
Cathay Pacific's hotline for Oasis passengers is +852-2747-6181.
British Airways said it will offer Oasis passengers flights to London for HK$1,250 until the end of April, said Joerg Tuensmeyer, general manager for China.
[...]
Cathay Pacific's hotline for Oasis passengers is +852-2747-6181.
Apr 9, 08, 9:56 am
#15
A FlyerTalk Posting Legend
Join Date: Dec 2000
Location: Shanghai
Posts: 40,625
