China

Details

  • Type: Business and industry issue, Press release
  • Date: 6/11/2008

Oasis goes into liquidation 

Hong Kong, 11 June 2008

 

The Provisional Liquidators of Oasis Hong Kong Airlines Limited, KPMG's Edward Middleton and Patrick Cowley, confirm that the High Court of the Hong Kong Special Administrative Region today ordered that Oasis be wound up. The Court was satisfied that Oasis is insolvent and it was in the best interest of Oasis and its creditors that Oasis be wound up. Oasis has liabilities in excess of HK$1 billion, including some 22,000 passenger claims expected to reach in the region of HK$250 million.

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