Oasis clings to rescue hopes
HONG KONG – Grounded Oasis Hong Kong Airlines has received “a number” of expressions of interest from potential new investors, said KPMG, the provisional liquidator.
There are a “comfortable number of really serious players” that the provisional liquidator is talking with, said Edward Middleton, head of restructuring services at KPMG, putting the number at “a handful.”
He said: “The financial situation is dire.”
The Standard newspaper said interested parties include local investors and foreign companies.
The liquidator declined to provide more details.
Middleton said no Oasis staff had yet been laid off.
He said the company is responding to claims from ticket holders but “it’s too early to say” whether they will get refunds.
Founder Raymond Lee Cho-min, with his wife Priscilla Lee Hwang at a first public appearance since Oasis was grounded, said he is “very optimistic” about its future.
“It is our hope for Oasis Airlines to continue to survive.”
Before the press briefing began, Middleton said questions about the reported quarrelling between Oasis investors “will not be answered.”
The Standard revealed Monday that a fallout between the Oasis partners triggered the collapse of the carrier. “This is not a forum for that to be explored,” Middleton said.
Questioned about his relationship with other Oasis investors, Lee said: “We are still really good friends. We will still remain good friends in the future.”
Ian Jarrett
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