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HONG KONG, April 9 (Reuters) - Hong Kong-based budget carrier Oasis Hong Kong Airlines is saddled with heavy losses and will halt flights, local media reported on Wednesday, while its chief executive said a news conference would be held on the matter.
"We have no comment for the time being," Oasis CEO Stephen Miller told Reuters.
The airline, which began flights in October 2006, had accumulated losses of about HK$1 billion ($128 million) during two years of operation as it struggled to grab a slice of the market, the Hong Kong Economic Times quoted unidentified sources as saying.
"We have no comment for the time being," Oasis CEO Stephen Miller told Reuters.
The airline, which began flights in October 2006, had accumulated losses of about HK$1 billion ($128 million) during two years of operation as it struggled to grab a slice of the market, the Hong Kong Economic Times quoted unidentified sources as saying.
Source: http://www.reuters.com/article/rbssIndustr...lBrandChannel=0
Yet another airline ceases ops!