Hundreds of passengers have been left stranded after the Hong Kong airline Oasis stopped flying and applied to go into liquidation.
Oasis first flew in October 2006, offering flights from London Gatwick to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way. It later added flights from Hong Kong to Vancouver.
KPMG, appointed as liquidator, advised ticket holders to call 00852 3628 0628 or 0844 482 2323 for more information. Oasis operated daily flights between London and Hong Kong and six services a week between Hong Kong and Vancouver.
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Soaring fuel bills have forced other airlines out of business recently, including the Hawaiian airline Aloha and the business class airline Maxjet. Operations and safety editor of Flight International magazine, David Learmount, said that he was not surprised by the news. "Given the economic climate that exists, Oasis was always going to struggle to succeed.
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http://news.bbc.co.uk/2/hi/business/7338424.stm