Out of fuel

PUBLISHED : Thursday, 10 April, 2008, 12:00am
UPDATED : Thursday, 10 April, 2008, 12:00am

Oasis Hong Kong Airlines received various accolades in the 18 months since it launched as a specialist in long-haul budget travel, but was brought down by rising fuel costs and landing fees

Feb 2005 Establishment of Oasis Hong Kong Airlines announced

Nov 2005 Receives permission from Air Transport Licensing Authority to fly to London, Cologne, Berlin, Milan, Oakland and Chicago

Sep 4, 2006 Launch ceremony held at IFC mall, Central

Oct 25, 2006 Inaugural flight to London scheduled, but Russia revokes flyover rights an hour before scheduled departure and the flight only takes off after 24-hour delay

Nov 2006 Second fleet enters service and Russia grants flyover rights

Mar 2007 Buys three extra planes for new Vancouver route

Jun 28, 2007 Launches service to Vancouver

Sep 2007 Named best new service and best business-class carrier at World Low Cost Airline Congress Awards in London

Oct 2007 Secures US$30m investment from local fund-management house to expand and buy planes

Nov 2007 Named new airline of the year by Centre for Asia-Pacific Aviation Awards and voted Asia's leading budget airline at Annual World Travel Awards

Mar 2008 Rumours of closure circulate, but airline says it is seeking extra financing


Apr 5-7 Enters talks with possible investor

Apr 8 Tells government that talks with investor failed

Yesterday Applies to High Court for provisional liquidation and ceases to operate