Oasis staff dumped as deadline passes
HONG KONG – The deadline to find a new buyer or investor in Oasis Hong Kong Airlines has passed, forcing liquidator KPMG to dismiss most staff, including pilots and cabin crew.
The liqiidator of the carrier, which collapsed on April 9, said there has been “substantive negotiations with several interested parties” and that there now was “no alternative but to reduce costs substantiallyâ€.
Jobs of all pilots, cabin crew and office staff were terminated, with a few retained to assist the liquidators.
About 700 people are believed to have lost their jobs.
Oasis founder Raymond Lee said the provisional liquidator’s decision to fire most Oasis staff would not hurt its chances of finding new investors.
“The firing of staff on Friday will not deter potential buyers to step in as white knight,” Lee told a local television station. “There are still a few companies and consortia who are interested.”
Lee also defended the business model of Oasis. “It’s not the key problem,” he said. “The major problem is a lack of capital. It would be better to run a budget airline with at least eight aircraft.”
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Airlines suspend Madagascar services following unrest and army revolt
Airbnb eyes a loyalty program but details remain under wraps
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026