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Oasis goes into liquidation

9th April 2008 Hong Kong-based low-cost airline Oasis has gone into liquidation, cancelling all of its flights.

Oasis launched in October 2006, offering flights from London Gatwick to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way.

Chief executive Stephen Miller told a press conference: "It is with great regret that Oasis Hong Kong Airlines has today voluntarily applied to the Hong Kong courts to appoint a liquidator."

Cathay Pacific has stepped in to help stranded passengers.

KPMG, appointed as liquidator, advised ticket holders to call 00852 3628 0628 or 0844 482 2323 for more information.

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