Astral From Canada, joined Mar 2004, 186 posts, RR: 0 Posted (1 year 2 months 4 weeks 1 day ago) and read 41167 times:
Just read the Hong Kong ecnomic Times that Oasis Hong Kong Airlines 'MAY' shut down as of Wednesday Hong Kong time. The newspaper sited heavy loses of over 100 million dollars (HK$ or US$ ???) and no prospect of making money. (see www.hket.com but it is in Chinese only).
This so called news in fact has been circulating in Hong Kong for about 7 days. Oasis recently as late as December had a major share holder change, and up till now cannot find any replacement investors. Only very few outsiders were aware of the changes in share holders, but news like this will leak sooner or later.
My sources told me that once the B747 departed YVR today at 1700 hrs, it will then terminate in HKG, and will not turn around to UK. Similarly the UK flight after landed in HKG will stop operations. So far no one at Oasis office here in Canada or in HKG is responding to the news.
Bad news for any ticket holders !!
Leezyjet From United Kingdom (England), joined Oct 2001, 3814 posts, RR: 58 Reply 1, posted (1 year 2 months 4 weeks 1 day ago) and read 41167 times:
I didn't think Oasis would last very long when they launched. I just couldn't see how their concept would work and actually make any money.
Maybe this might now pave the way for VS to finally start the 2nd HKG service that was aborted a couple of years back as I heard one of the reasons why it never started was due to Oasis coming on the scene offering ultra low fares, and also NZ starting ops via HKG too.
"She Rolls, 45 knots, 90, 135, nose comes up to 20 degrees, she's airborne - She flies, Concorde Flies"
Astral From Canada, joined Mar 2004, 186 posts, RR: 0 Reply 4, posted (1 year 2 months 4 weeks 23 hours ago) and read 40766 times:
I know they are in trouble back in Janurary already. I have business dealings with them at the top level, and understand they were in very bad shape. Two minor share holders withdrawed in December last year, and subsequently the so called 'white knight' (i.e. HNA Group) didn't think the future justify their investment, and thus leading to the close down.
I estimated that Oasis with its super low fares can loss over US$1 million a day, and the fuel prices is one of the killer point.
So far early morning radio news in HKG just announced it is now 'FACT' !!! Oasis will shut down operations as of 0700 this morning Hong Kong time.
ADXMatt From United States, joined Jul 2006, 738 posts, RR: 2 Reply 5, posted (1 year 2 months 4 weeks 23 hours ago) and read 40660 times:
Quoting Astral (Reply 4): So far early morning radio news in HKG just announced it is now 'FACT' !!! Oasis will shut down operations as of 0700 this morning Hong Kong time.
CXA330300 From South Africa, joined May 2004, 1290 posts, RR: 1 Reply 6, posted (1 year 2 months 4 weeks 23 hours ago) and read 40534 times:
Can't say I'm terribly surprised. The airline was serving markets already well-served, and long-haul low-costs have generally not worked too well (Zoom being the exception). What will happen to their 747s?
The sky is the limit as long as you can stay there
HKGKaiTak From Australia, joined Jun 2005, 1035 posts, RR: 0 Reply 14, posted (1 year 2 months 4 weeks 21 hours ago) and read 39074 times:
Sad news but one which I think has been coming for a while.
Marketing 101: Price can easily be copied ... Product cannot. I have no idea why Oasis decided to launch on a route with 5 first-rate full-service competitors using a mammoth 747 ...
Flyboysp From Australia, joined Apr 2007, 682 posts, RR: 0 Reply 15, posted (1 year 2 months 4 weeks 20 hours ago) and read 38977 times:
Quoting Behramjee (Reply 10): So we now have 5 used B 744s available for lease or sale in the used wide body market.
Shall be interesting to see who snaps them up.
Now this is only something i have conjured up, but maybe a few of them they could go to QF on a short term leases.
A few short term 744 leases would not hurt QF.
CuriousFlyer From United States, joined Oct 2006, 433 posts, RR: 0 Reply 16, posted (1 year 2 months 4 weeks 20 hours ago) and read 38855 times:
Nothing on the website still... I am going to HKG next week and wanted to use them, great price but the schedule did not work.
Too bad, their product seemed very interesting, because their business class was affordable. Different from other low costs like Southwest or Skybus or Ryanair, where comfort seems not to exist, but like JetBlue, which I love and hope will not go.
I hope B6 and VX will not be next, their concept is great.
Etops1 From Puerto Rico, joined Nov 2005, 460 posts, RR: 1 Reply 19, posted (1 year 2 months 4 weeks 20 hours ago) and read 38075 times:
hmm. i was perfroming a cabin crew envoy speacialtist ride for the new envoy class service to lgw on sunday from phl (to help the cabin crew with the new service)and i was talking to a oasis hong kong pilot who was flying US to fly a 747-400 to from lgw. he seemed preety enthusisastic about working for oasis. hope the best for him.
CX flyboy From Hong Kong SAR, PRC, joined Dec 1999, 5500 posts, RR: 60 Reply 21, posted (1 year 2 months 4 weeks 19 hours ago) and read 37882 times:
The spokewoman on the news says that at the moment these are all rumours and that there has been no official announcement. She added that there will be an official announcement at 4pm HK time today. She also said that Oasis are trying to contact everyone who has bought tickets, which basically confirms it all really!
Shame they have gone. They had a great colour scheme to photograph and I have friends who will now be looking for new jobs including someone who left a good airline to join them recently!
9VSIO From United Kingdom, joined Dec 2006, 358 posts, RR: 2 Reply 22, posted (1 year 2 months 4 weeks 19 hours ago) and read 37732 times:
I do feel sad at the demise of this quaint little airline. The concept was most interesting, but without financial backing, I guess it couldn't get going much.
Isn't Air Asia thinking about doing low-cost long haul?
Flight Instructor: So, do you have a level 60 character as well? (Best thing I have ever heard a flight instructor say!)
Smi0006 From Australia, joined Jan 2008, 487 posts, RR: 0 Reply 23, posted (1 year 2 months 4 weeks 19 hours ago) and read 37552 times:
Quoting Flyboysp (Reply 15): Now this is only something i have conjured up, but maybe a few of them they could go to QF on a short term leases.
A few short term 744 leases would not hurt QF
I know there is not alot of substance or chance of it but I agree that this would be a great Idea! How old are they? And what sort of engines are they running? They could replace all of the 743 with them and have a few left over for frequency increases and to get a 747 back on akl, haaaaa a nice dream but a dream non the less lol
smi
MSYtristar From United States, joined Aug 2005, 5136 posts, RR: 53 Reply 24, posted (1 year 2 months 4 weeks 19 hours ago) and read 37458 times:
In all seriousness, very sad news if true. A friend of mine took them to HKG from YVR and had plenty of nice things to say about them. It's just so tough to compete with all the alliances nowadays, even with a quality product like Oasis had.
MarcoPoloWorld From United States, joined Mar 2008, 293 posts, RR: 0 Reply 25, posted (1 year 2 months 4 weeks 19 hours ago) and read 37410 times:
This is very sad news indeed, I was so excited about their moderate LCC long-haul concept (as much as I like flying with Cathay and haven't tried Oasis yet). But I kind of figured they had run out of something (steam or money!) when everything about them has been so silent for quite awhile now.
Can't believe the Vancouver market didn't work; it was so obviously overpriced before O8 stepped in. And would have loved to see them flying to continental Europe as well as California, as per their originally envisioned plans.
I wish the best for their employees - don't despair, Hong Kong and the rest of southeast Asia is well poised for growth over the near- to medium-term future and so you can find employment elsewhere soon.... And looking beyond this day, HKG needs an LCC based there if it is to compete with Kuala Lumpur, Singapore, and Bangkok in the low-cost market segment. Many of us already use the likes of jetStar and Cebu Pacific to complete legs not covered by open-jaw itineraries of the full-service carriers.
26 BY188B: Seems to be confirmed now.... http://www.reuters.com/article/rbssI...pageNumber=1&virtualBrandChannel=0
27 Apollo13: May all empolyees soon find jobs in an industry they all love to be in (if this is true, which i hope is not the case) I was really looking forward to
28 Apollo13: May all empolyees soon find jobs in an industry they all love to be in (if this is true about the airline shutting down, which i hope is not the case)
29 Articulatexpat: I'm sure Tony Fernandes is watching this with interest, now that AirAsia is (or is about to start) serving HKG.
30 Lutfi: HKET is quoting that their cost/ seat to LGW was 8000 HKD (about 1000 USD) but their fares 4000 HKD, and that they were losing over 125,000 USD a flig
31 NZA320: From: http://www.reuters.com/article/rbssI...pageNumber=1&virtualBrandChannel=0 Sources close to Hainan Airlines Co -- China's fourth largest carrier
32 YLWbased: guys, it's all over, official annoucement @ 2pm HKT. stay tune.
33 Agmyvr: maybe Hainan group wants to get rid of O8 current management and share holder and let O8 go then take over the brand.....is it cheaper than just fundi
34 Lutfi: Yes, even if Hainan took over, they would just want the routes, not the aircraft or staff.
35 Astral: To NZA320 and Others, HNA Group did tried to buy into Oasis through Hong Kong Express which it owns a majority share. However, after reviewing its sta
36 PanAm_DC10: It's official, they just announced that they have ceased operations.
37 LAXintl: Oasis in many ways seemed to want to do in HKG what Virgin Atlantic managed in London. However not only were the market dynamics different, however Br
38 C8j2h: Any word on any other airlines, mainly CX, accommodating Oasis passengers on their flights?[Edited 2008-04-08 23:20:00]
39 F9Animal: What a shame. This is just sad. Did the fuel prices have some affect on this one falling? I just went on their website, and it appears to be running
40 YLWbased: according to the spokesman, they are 100% booked for the next 6 days... sigh...
41 Malaysia: For 1 HK Dollar I will gladly buy OASIS HONG KONG and assume all responsibility for its debt. seriously I would
42 YLWbased: can i put another $1 in? all i want is 25% share. YLWbased
43 Tullamarine: Given Oasis got their 744s from SQ, they will be PW powered hence QF are unlikely to be interested in getting access to these planes.
44 Malaysia: yes you may have 25% share of the debt
45 OA260: Shame to see them fold. I thought they may have made it but I guess too many things were against them. Was a nice idea and a nice product.
46 Apollo13: Did anyone have a guess as to Oasis Hong Kong being the next airline to cease operations. I myself thought they were doing quitenicely and at one time
47 Pe@rson: On BBC news. Said they've gathered various sources that confirm that they're to appoint a liquidator, and that they're not accepting any further booki
49 Planemaker: ATI reports the following... The carrier’s CEO, Stephen Miller, announced at a press conference in Hong Kong today that a court has appointed KPMG a
50 AGreatWayToFly: what usually happens to ticket holders in this type of situation? should I go ahead and book another ticket with a different airline?
51 YLWbased: first time in Hong Kong aviation history, no idea.... that might be a good idea.
52 Lutfi: Officially you are now a creditor, and have to apply to the liquidator for any refund. Unofficially, it looks like the HK government is putting press
53 UAL777UK: I wish UA would take them and open some more routes up. Okay, only dreaming!! Good luck to all the Oasis staff, hope you find new jobs soon. Too many
54 Cloudyapple: Can we change the title to Oasis has shut instead?
55 Astral: To Those Holding Oasis Tickets, If you buy your tickets in Canada 'THROUGH A REGISTER TRAVEL AGENT' in BC, Ontario, and Quebec, you are covered under
56 HKGKaiTak: Oh well so it actually happened ... now where can I get my hands on one of the models? From what I hear both YVR and LHR has pretty healthy loads. Eve
57 Apollo13: Westmaintoys has a 1:500 scale model for sale.
58 AGreatWayToFly: so, basically the ticket is useless now? I just want to confirm this before going and buying another ticket from another airline.
59 Lutfi: From CX website... CATHAY PACIFIC TO HELP STRANDED OASIS PASSENGERS Cathay Pacific has assured the Hong Kong SAR Government that it will do all it can
60 Astral: Quoting AGreatWayto Fly so, basically the ticket is useless now? I just want to confirm this before going and buying another ticket from another airli
61 Sevenair: This is awful We are going full circle. The low costs are going, meaning pretty soon, BA, and the like, with their rip off fares, and fuel supplements
62 AerorobNZ: LOL indeed it does. Interestingly Airliner World has just done a piece on Skybus, so it's spreading...
63 BHXFAOTIPYYC: Lucky escape for one our clients. I printed the O8 page off the site for her on Monday and at an amazing GBP 367 for a roung trip LGW HKG she was just
64 Kappel: Nope, terrible month. But that's the harsh reality free market for you. In difficult times only the strong companies will survive. I hope the employe
65 La Carlota: Sad news. Even though I had the chance to fly O8 back in November LGW-HKG and HKG-YVR and I was dissapointed, I was looking forward to their expansion
66 NA: Very sad. I had hoped to fly with them sometime in the future. Actually I´m a bit surprised, I would have thought that Oasis would do better on route
67 SeansasLCY: Do you think we could see CX launch a 5th daily to London or possibly the long rumored VS 2nd daily to HKG as a result of the drop in capacity?
68 Bwest: Sad to see them go, I was hoping to fly them from Köln one day to HKG
69 Lutfi: Think that was the problem. Same equipment, same costs as competition. But less revenue, as cheaper tickets. So they could fill the planes, but lose
70 BHXFAOTIPYYC: Don't forget the QF and NZ daily.
71 Aviationbuff: I will certainly miss the livery, which was among my favorites. I wish all the best to: Employees in getting a better job; Investors in making less or
72 SeansasLCY: I know we have these but i was asking because there had been rumors before O8 came around that VS were interested in a 2nd daily and CX 5th daily. So
73 Sandyb123: Have Oasis Hong Kong missed their own liquidation? Google'd them and got a news release: But on visiting their website it is still up and running with
74 REALDEAL: what is it about Airways Mag - it's happened a lot after they do an article !!! Already doing KUL/OOL 4 times a week I think using a leased 333. Were
75 LeonJunior: Don't worry. Airasia X will fly to London by end of this year. I am pretty sure their fares will be whole lot cheaper than Oasis.
76 BHXFAOTIPYYC: With respect, at GBP 99 + tax one way as a lead in fare LGW HKG (and one that was widely availability) just what fare would you like to pay? It's a 1
77 REALDEAL: not really full circle. Fuel prices will drop maybe back to something like $80 a barrel within not too distant future, as China slows down as rest of
78 REALDEAL: not really full circle. Fuel prices will drop maybe back to something like $80 a barrel within not too distant future, as China slows down as rest of
79 BAStew: Low cost long haul airlines competing on major business routes will always struggle because a) their costs are pretty much the same as the major airli
80 Freckles: Shame. But it serves them right for that absolutely awful press release detailing why the colour of grey used in their logo was so affluent and indica
81 Ag92: They do A sad day for Oasis and all of the employees Can someone once again state on how many airlines have we lost in 2008 and how many to anetter's
82 Zeke: Thanks Tony, I guess that is you way of saying no pay rise this year again
83 REALDEAL: not as 1) LCC's pay most staff less than legacies, much less esp. likes of Air Asia X. 2) LCC's can turn an aircraft much faster than a legacy, partl
84 ANstar: With what equipment... the A330-300 does not have the legs to do it and they have mentioned that the UK routes would probably be put on hold for now.
85 Elite: From what I heard, they were losing USD$100,000 with every flight they flew. This is really sad news, as I always travel to/from Hong Kong, and I know
86 REALDEAL: AAX have ordered lots of A330's. Think 333's but regardless they have said they will make a tech stop at some cheap airport en route such as Sharjah.
87 BAStew: With some leisure markets this may be true. For the sort of routes that Jetstar International are serving for example. 1) I'm not sure how much CX fl
88 REALDEAL: & these can be varied by negotiation. 79 pounds sounds too low. With much lower costs than legacies, it could be argued that legacies can't match the
89 Hotelmode: And when all the competitors offer flat beds, a 1980s style business class just isnt going to cut the mustard. Long Haul is not the same as short haul
90 Elite: They were fully booked from students returning to England (there are a lot from Hong Kong), people returning to Canada (again, lots of Hong Kongers l
91 Ryanair: It's sad news, I flew them last year. The crews were very nice and service very good. There were only minor differences between them and a full frills
92 MAN23R: just seen the bbc news now, in absolute shock, cant believe it, hope all employees find post asasp. what a month eh!!!
93 BAStew: No, these can not. Maximum duty hours are set by the Civil Aviation Department of the Special Administration Region of Hong Kong. The maximum duty ho
94 Avianca707359B: How sad, another airline casualty. The good news is that now Metis Transpacific Airlines can finally start their nonstop Macau-Vancouver route - they
95 CXfirst: There website now has a message They however have a large financial backing from their succesful short-haul LCC operation. -CXfirst
96 KEno: The issue is not HKG, but the long haul operations. AirAsia has been flying to nearby MFM with huge success following the conventional LCCC model, I
97 United Airline: Any chance of a takeover? Wonder if the airline can still be saved.
98 Ktachiya: Oh my gosh, how could this happen all of a sudden? This is just terrible. There was a clip of Oasis and their inflight service on Youtube which I took
99 Cloudyapple: Actually it's been brewing for a few months already. They've been trying to get someone to put more money in but no one wanted to risk their hard ear
100 Cloudyapple: There is a bunch of crew at London and Vancouver. Word is that the hotels they are staying in will kick them out very soon. Poor bunch!
101 BAW716: Too bad for Oasis passengers...unfortunate, but not unpredictable trend developing. As for B6 and VX...watch this prediction: I believe they will mer
102 Leskova: For SW - and I think that contract was supposed to run until the end of April... don't have the eMail with that information here at home but only at
103 PlaneInsomniac: Wow, what a shame. I always thought the idea was good and could have helped Hong Kong to maintain its excellent position both from a touristic and a b
104 Fhgandi: Well... Bye bye and fare well... No tear at all from the German market. First, they were speaking about Berlin and Cologne. Oasis have been planning t
105 Dazed767: Well there's the 747's for family airlines now http://www.familyairlines.com/index7.html
106 VV701: BA fares are not much more. Checked theiir site and randomly chose LHR-HKG on 12 June with the return on 18 June. The fully inclusive price was only
107 Awthompson: I totally agree. My policy is to find the best fare on the web, then call my travel agent and ask them to match. They will usually match the web fare
108 RB211: Sad to see it go so soon. I wonder how many of them will end up as BCFs or BCFS?
110 REALDEAL: of course they can, everything in life is negotiable. rules are made to be bent or broken. With recession/depression there will have to be lots of be
111 Flying Belgian: It's a setback for the long haul low-cost model. But a surprise ? A model whose fate is: FAILURE. In today's context, it is impossible to make it prof
112 Skippy777: Sad to see it happen. I made a nice special about them http://www.persfoto.com/categories.php?cat_id=225 Hope Air Asia X will go on
113 LeonJunior: Airasia X, which started flying last Nov with one A330 and two destinations is already PROFITABLE with RM300,000 net income on Feb. (1Usd=3.1RM) Thei
114 KAA330: I'll toss in HK$100 to save Oasis I think this Oasis was just a mirage I REALLY wanted to fly em HKG-LGW-HKG in summer
115 ChrisEDDL: The aircraft operating for Air Namibia is again in Frankfurt for tonight's flight. Wet-Lease still seems to be up and running. Greetings Chris EDDF
116 Hotelmode: They are running just one long haul route, which is a classic holiday route that the european charter operators have been running for years. They cer
117 Leskova: SW sent out an eMail today saying that neither yesterday's FRA-WDH nor today's WDH-FRA would be operated by Oasis' aircraft: they've got a B767-300 f
118 CX flyboy: The final 744 out of the 4, and the one operating for Air Namibia arrived back in HKG this morning. It will probably be towed to a remote area of the
119 JohnClipper: Which one was that? Flew back to HKG yesterday and saw the three sitting in the remote area.
120 CX flyboy: The 3 you saw were B-LFA,B and D. B-LFC was ferried back from Frankfurt and arrived saturday morning.
121 Boeing727flyer: Kiss of Death maybe - They also just did one on Skybus...
122 CX flyboy: I believe they had visions of grandeur. They employed far more pilots than they needed, paid the same landing fees, paid an estimated 15-20% more for
123 Zeke: Interesting observations, many think they were setting themselves up so they could be taken over by CX like KA, and the company founders profit from
124 Ktachiya: Well, did the employees see this day coming as well? I mean each flight had about 4 pilots onboard didn't it? And as for the fuel prices, couldn't th
125 Zeke: CX also operates 4 pilots on those same legs, they had employed more pilots for example as they had crews for 5 aircraft and were only operating 4.
126 Ktachiya: Well, is this for stand-by purposes? Never recognized that CX had four on those flights as well. JL for instance from NRT only has 2 on the way to YV
127 AF022: No word on where those B744s are going? Does OASIS lease them?
128 LAXintl: Liquidation of the airline will proceed as no potential buyers have come forward. http://news.airwise.com/story/view/1208529446.html
129 MarcoPoloWorld: Thanks for posting this LAXintl.... Very sad indeed. Exciting concept, but seems O8 may have applied to much luxury to really be able to afford being
130 REALDEAL: what do u mean as they get geared up for service ? Already giving away seats OOL/KUL/OOL for AUD$309 return inc all taxes/charges. This is about USD$
131 Multimark: Am I the only one here out money for tix? I've filed for $2k worth from YVR-HKG that I charged on my credit card. Wonder if I'll ever see it
132 Cloudyapple: If you bought your ticket with your credit card, call your card issuer. They will in most cases refund your purchase since the goods/service has not
133 Lightsaber: Sad to hear. Good luck to the employees. The reality is the economy is... poor and fuel prices are making it extremely tough on all airlines. Those th
134 MarcoPoloWorld: I mean for Air Asia X to start flying to some place that someone has actually heard of!
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