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KPMG appointed as Provisional Liquidators of Oasis

9 April 2008

KPMG's Edward Middleton and Patrick Cowley were this morning appointed Provisional Liquidators of Oasis Hong Kong Airlines Limited and Oasis Growth and Income Investments Limited by Order of the High Court of the Hong Kong Special Administrative Region on a winding-up petition presented by the two companies.

Having only been appointed a very short while ago, the Provisional Liquidators are working to assess the companies' financial and operating situations.

However, the Provisional Liquidators regret that one immediate consequence of this appointment is that all of Oasis's scheduled flights are now cancelled.

The Provisional Liquidators' immediate focus is therefore on helping Oasis's customers make other travel arrangements as quickly as possible. We are liaising with other airlines in this regard and encourage Oasis's passengers to check the Oasis website www.oasishongkong.comand to call the hotline numbers detailed below:

Hong Kong:
+852 3628 0628 (opening hours: 08:00-20:00, 7 days a week)

United Kingdom:
+0844 482 2323 (opening hours: 08:00-20:00, 7 days a week)
+44 1293 517211 (for calling from outside the United Kingdom)

Canada and United States:
+1 888 983 0808 (opening hours: 09:00-19:00 on weekdays and 09:00-18:00 on Saturdays and Sundays)

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About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 145 countries and have more than 123,000 professionals working in member firms around the world.

The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.

About KPMG China

KPMG China has 11 offices (including KPMG Advisory (China) Limited) in Beijing, Shenyang, Qingdao, Shanghai, Chengdu, Hangzhou, Guangzhou, Fuzhou, Shenzhen, Hong Kong and Macau, with more than 7,000 professionals.

For media enquiries, please contact:

Pearl Fan
Senior Manager, Market Services
KPMG China
Tel: +852 2826 7111
e-Mail: pearl.fan@kpmg.com.hk

 

© KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and KPMG Huazhen, a Sino-foreign joint venture in China, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

© KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International"), a Swiss entity.


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