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Several low-cost airlines grounded for good

17 April 2008

Oasis Airlines, a low-cost carrier based in Hong Kong, grounded its planes for good this week — the fourth in a recent string of bargain airlines to call it quits.

Launched in 2006, Oasis ended its run on Wednesday, citing the high price of jet fuel. It operated flights between Hong Kong and destinations including Vancouver and London, charging as little as $300 per flight.

Thousands of Oasis passengers have been left with useless tickets. The company continued to sell tickets until the end of March despite knowing much earlier in the month that it would be going out of business.

source: CTV.ca

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