The Hong Kong-based airline Oasis has gone into liquidation, its chief executive Stephen Miller has announced today.

All flights departing from Hong Kong have been cancelled today. Cathay Pacific has offered assistance to stranded passengers, although it said its efforts would be limited by heavy existing bookings.

It has added two special flights from Hong Kong to London on April 11 and 13, giving priority to schoolchildren returning from Easter holidays. The airline is offering a special one-way fare on Hong Kong to London, or Hong Kong to Vancouver routes.

Passengers holding a ticket are advised to contact 020 8834 8893 or see

“It is with great regret that Oasis Hong Kong Airlines has today voluntarily applied to the Hong Kong courts to appoint a liquidator,” Miller told a press conference.

Oasis was launched in October 2006 to provide a low fare service between Gatwick and Hong Kong. The company had been operating daily between Hong Kong and London, and six times a week between Hong Kong and Vancouver, with plans to open additional routes to Europe and North America