Azure Posted April 9, 2008 Share Posted April 9, 2008 Speculation on Airliners.net http://www.airliners.net/aviation-forums/g...d.main/3925897/ Link to comment Share on other sites More sharing options...
Slim Posted April 9, 2008 Share Posted April 9, 2008 http://www.reuters.com/article/rbssFinanci...B66362620080409 Belt sign....On Slim Link to comment Share on other sites More sharing options...
Thebean Posted April 9, 2008 Share Posted April 9, 2008 http://www.reuters.com/article/rbssFinanci...B66362620080409 Belt sign....On Slim Well, that news should be causing the ding dongs at Family Air to be pole vaulting around their head office......er, corner of the basement..... http://familyairlines.com/index7.html Link to comment Share on other sites More sharing options...
Spinnaker Posted April 9, 2008 Share Posted April 9, 2008 This is like watching Dominoes... That would be 5 airlines in a week? I haven't seen so much drama in the industry since the C3/Royal/CJ1, CAI/AC merger... when was that 1999 ish?? Link to comment Share on other sites More sharing options...
yul07 Posted April 9, 2008 Share Posted April 9, 2008 Oasis budget airline stops flying Hundreds of passengers have been left stranded after the Hong Kong airline Oasis stopped flying and applied to go into liquidation. Oasis first flew in October 2006, offering flights from London Gatwick to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way. It later added flights from Hong Kong to Vancouver. KPMG, appointed as liquidator, advised ticket holders to call 00852 3628 0628 or 0844 482 2323 for more information. Fuel bills Fellow Hong Kong airline Cathay Pacific is to offer specially priced one-way flights for stranded Oasis passengers. Oasis chief executive Stephen Miller held a news conference to announce the shutdown but did not give any details of why it had happened. The Hong Kong Economic Times reported that the airline was struggling with debts of up to one billion Hong Kong dollars ($128m). Soaring fuel bills have forced other airlines out of business recently, including the Hawaiian airline Aloha and the business class airline Maxjet. Link to comment Share on other sites More sharing options...
conehead Posted April 9, 2008 Share Posted April 9, 2008 Fellow Hong Kong airline Cathay Pacific is to offer specially priced one-way flights for stranded Oasis passengers. Link to comment Share on other sites More sharing options...
Guest rattler Posted April 9, 2008 Share Posted April 9, 2008 Not sure why Cathay helping out is funny but their offer is real and quite a decent one at that. For example out of YVR 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. , Cathay Pacific is committed to helping as far as it can Oasis ticket holders who have confirmed bookings from Vancouver to Hong Kong 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. Special Fare: A special one-way Economy Class fare at CAD320 (plus applicable charges see note 1) will be offered to eligible Oasis ticket holders on Vancouver to Hong Kong. This special fare is only available to 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 Vancouver to Hong Kong. Proof of travel documents will be required. Customer Hotline: We have established a special toll free hotline in Canada for Oasis passengers with confirmed bookings to obtain details of the arrangements we are putting in place. Link to comment Share on other sites More sharing options...
dagger Posted April 9, 2008 Share Posted April 9, 2008 Not sure Cathay had a choice. Apparently, the HKG government was leaning hard on them. Link to comment Share on other sites More sharing options...
Thebean Posted April 9, 2008 Share Posted April 9, 2008 Not sure Cathay had a choice. Apparently, the HKG government was leaning hard on them. It'll be fascinating to see if the gang at YVR hold the appropriate deposits, or had the smarts to ensure that Oasis bills were paid at least weekly. The LAA's claim to be business-focussed. Let's see if they were smart enough to be able to figure out which company's had / have weak financial covenants, and might be in trouble with $110 oil.Hint: Let's start with the guys offering all the $99 transatlantic flights, as well as the domestic charter guys like Sunwing.... Guess who ends up paying for their mistakes, as they congratulate themselves after having built the Taj Mahal and paid out millions of other peoples money to be the "Official Airport of 2010 Olympics"..... Link to comment Share on other sites More sharing options...
CanadaEH Posted April 9, 2008 Share Posted April 9, 2008 Ive got a friend at Globeground and they're short a lot of payments from Oasis. Some go back as far as 3 months, but that's just one example. Link to comment Share on other sites More sharing options...
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