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Will There Be Another Airline Based In Hong Kong?  
User currently onlineUnited Airline From Hong Kong, joined Jan 2001, 9181 posts, RR: 15
Posted (5 years 5 months 3 weeks 3 days 2 hours ago) and read 3665 times:

After the demise of Oasis, will there be another new airline based in Hong Kong? I mean one that is as ambitious as Oasis using B 747-400s.

Is there a chance of a comeback for Oasis? It was a good concept. I wonder if they can survive today since oil prices have gone down a lot

8 replies: All unread, jump to last
 
User currently offlineBMI727 From United States of America, joined Feb 2009, 15749 posts, RR: 27
Reply 1, posted (5 years 5 months 3 weeks 3 days 2 hours ago) and read 3642 times:



Quoting United Airline (Thread starter):
It was a good concept. I wonder if they can survive today since oil prices have gone down a lot

The oil prices definitely caused Oasis to have an untimely demise, but what is to say that oil won't go up again? The monlith of Cathay Pacific is a world class airline with what I should think is a strong base of frequent flyers and excellent connections via OneWorld.

Any such new carrier would have to provide significantly lower fares while maintaining a high standard of service. This is difficult but not impossible. What may make such a concept impossible is the fact the the Asian economy as a whole is in terrible shape. The only factor working in favor of a new airline would be tha availability of aircraft at a reasonable cost, but that is about it.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineCaptaintim From Hong Kong, joined Dec 2004, 431 posts, RR: 0
Reply 2, posted (5 years 5 months 3 weeks 3 days 2 hours ago) and read 3621 times:



Quoting United Airline (Thread starter):
Is there a chance of a comeback for Oasis? It was a good concept. I wonder if they can survive today since oil prices have gone down a lot

no because of multiple reasons:

1. The chairman and the CEO never worked as a team. The Reverend who was the Chairman did not listen to Steven miller the CEO who also was the founder of KA.
The Chairman had a different agenda and made different agreements/deals without the consent of the CEO (rumored).

2. they purchased aircrafts instead of leasing which was the original plan.

and more... but i'll stop cuz this wasn't the topic



Gulfstream Planeview Cockpit: "why have hundreds of buttons when a CCD does the same thing and more?"
User currently onlineUnited Airline From Hong Kong, joined Jan 2001, 9181 posts, RR: 15
Reply 3, posted (5 years 5 months 3 weeks 3 days 1 hour ago) and read 3583 times:

I suppose we will see another new airline in Hong Kong one day using B 747s or other long haul aircraft

Quoting Captaintim (Reply 2):
they purchased aircrafts instead of leasing which was the original plan.

Why?

Wouldn't this be better in the long run?

Will this Rev Li restart an airline with B 747s again?

What caused the demise of Oasis apart from oil prices? What went wrong? They never made money I guess?


User currently offlineCaptaintim From Hong Kong, joined Dec 2004, 431 posts, RR: 0
Reply 4, posted (5 years 5 months 3 weeks 3 days ago) and read 3556 times:

No because, by purchasing the aircraft it increased their start up cost beyond what they could afford. they had trouble in the beginning to lease aircrafts due to the lack of supply of 744s for leasing. however, they purchased 744s from ANA and SQ at a much higher cost. for a start up especially a low cost start up, you want to keep your start up costs as low as possible to break even as soon as possible

No from what i understand, Rev Li was driven to the brink of bankruptcy from the collapse of Oasis. He had a lot invested into it a large portion of his net asset and from what i read during the Oasis collapse Rev Li was forced to sell a large portion of properties he owns in the Boston area to pay back his debts.

If you're from Hong Kong, go pay him a visit every sunday at South Island School on Nam Fung Road in Aberdeen. He's still the pastor there every sunday =)) go ask him what happened and if he's bankrupt  Wink



Gulfstream Planeview Cockpit: "why have hundreds of buttons when a CCD does the same thing and more?"
User currently onlineUnited Airline From Hong Kong, joined Jan 2001, 9181 posts, RR: 15
Reply 5, posted (5 years 5 months 3 weeks 3 days ago) and read 3513 times:

I suppose someone else will start a new airline in Hong Kong eventually.

I thought he is not liable to personal debts as a limited company. I suppose he borrowed heaps of money himself


User currently offlineBMI727 From United States of America, joined Feb 2009, 15749 posts, RR: 27
Reply 6, posted (5 years 5 months 3 weeks 3 days ago) and read 3509 times:



Quoting United Airline (Reply 5):
I suppose he borrowed heaps of money himself

He probably had to borrow money to invest in the airline. I would guess that it was easier for him to get loans than a startup airline.



Why do Aerospace Engineering students have to turn things in on time?
User currently onlineUnited Airline From Hong Kong, joined Jan 2001, 9181 posts, RR: 15
Reply 7, posted (5 years 5 months 3 weeks 2 days 13 hours ago) and read 3328 times:

So what's up with Oasis's aircraft now? What exactly went wrong? They never made an operating profit even?

Hope to see another Hong Kong airline using B 747-400s.


User currently offlineAviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 8, posted (5 years 5 months 3 weeks 1 day 22 hours ago) and read 3153 times:

Whatever happened to it was bad. However, I miss the stunning livery.

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