Oasis Hong Kong has stopped flying and has applied to go into liquidation, with hundreds of passengers left stranded by the decision. The airline is seeking new investors and has applied for a voluntary liquidator.Oasis first flew in October 2006, offering flights from London to Hong Kong for as little as 1,000 Hong Kong dollars (£65) each way.
It later added flights from Hong Kong to Vancouver.
Oasis is the fourth carrier in two weeks to go out of business worldwide after fuel costs have soared.
Passengers were left stranded in Hong Kong, the U.K. and Canada.