Oasis budget airline stops flying

Hundreds of passengers have been left stranded after the Hong Kong airline Oasis stopped flying and applied to go into liquidation.

…Soaring fuel bills have forced other airlines out of business recently, including the Hawaiian airline Aloha and the business class airline Maxjet.

Oasis was launched 18 months ago by husband-and-wife team Raymond and Priscilla Lee and employs almost 700 staff.

The Hong Kong government has stepped in to co-ordinate measures to help stranded passengers and is sending staff to assist at London and Vancouver airports.

BBC