Oasis Hong Kong Airlines has applied to the High Court of Hong Kong Special Administration Region to appoint provisional liquidators on 9 April 2008. The Court has appointed Edward Middleton and Patrick Cowley of KPMG as the provisional liquidators, and they have assumed control of the airline with effect from 1400h the same day Hong Kong time.
All Oasis Hong Kong flight operations have been canceled.
Oasis Hong Kong Airlines was a long-haul budget airline based in Hong Kong, with its hub at Hong Kong International Airport. It operated from October 2006 until April 2008 and offered non-stop flights from Hong Kong to London (Gatwick) and Vancouver, Canada. Losses are estimated at $1 billion HKD ($128 million USD) and the liquidation process is on-going.