Out of fuel
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
Around
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
