Notice to creditors (including passengers) as at 3 November 2008 [Last update: 03 November 2008 – 1300h HKG time]
The notice to creditors to prove their claims and a prescribed PoD form was sent to the Company’s creditors in October 2008. Creditors (including passengers) who have not received the PoD form should download it from our website at www.oasishongkong.com.
Type 1 - Passengers, travel agents and credit card companies
Notice to creditors (including passengers) as at 16 September 2008 [Last update: 17 September 2008 – 1200h HKG time]
On 15 July 2008, the Hong Kong Court appointed Edward Middleton and Patrick Cowley to be the Joint and Several Liquidators of the Company. The Liquidators continue their work to realise assets, and will shortly commence the process of requesting creditors to prove their debts.
After our further review of the Company’s assets and liabilities, we now expect that the dividend return to admitted ordinary creditors, including passengers’ claims for unused flight tickets, will be less than 5%.
However, at this time, we cannot realistically estimate the timetable of such distributions to creditors.
We are aiming to issue the prescribed PoD form to the Company’s creditors (including passengers), by email and/or post, by the end of September / early October 2008. Creditors will be requested to prove their debts by completion of PoD form sending it, together with supporting documents (itinerary, proof of payment, invoices, contracts etc), to 27th Floor, Alexandra House, 18 Chater Road, Central, Hong Kong.
Oasis Hong Kong Airlines Limited (In Liquidation) (the “Company”) [Last update: 30 July 2008 – 1400h HKG time]
Further to our notice on 7 July 2008, please be advised that the High Court of the Hong Kong Special Administrative Region on 15 July 2008 ordered that Messrs Edward Middleton and Patrick Cowley of KPMG be appointed as Joint and Several Liquidators of the Company pursuant to s.227B of the Companies Ordinance (CAP.32). A Committee of Inspection consisted of five creditors has also been formed for monitoring the progress of the liquidation.
Creditors of the Company (including passengers) will be notified and instructed to submit Proofs of Debt to the Liquidators in a prescribed form shortly. In the meantime if you have any queries, please contact the customer service hotline in Hong Kong at +852 3121 9840 (opening hours are Monday to Friday, 09:00-17:00 Hong Kong local time) or by email at info@oasishongkong.com.
For and on behalf of Oasis Hong Kong Airlines Limited (In Liquidation)
Edward Middleton
Patrick Cowley
Joint and Several Liquidators
Oasis Growth and Income Investments Limited (In Liquidation) (the “Company”) [Last update: 30 July 2008 – 1400h HKG time]
Please be advised that the High Court of the Hong Kong Special Administrative Region on 11 June 2008 ordered that the Company be wound up, and on 15 July 2008 ordered that Messrs Edward Middleton and Patrick Cowley of KPMG be appointed as Joint and Several Liquidators of the Company pursuant to s.227B of the Companies Ordinance (CAP.32). A Committee of Inspection consisted of three creditors has also been formed for monitoring the progress of the liquidation.
Creditors of the Company will be notified and instructed to submit Proofs of Debt to the Liquidators in a prescribed form shortly. In the meantime if you have any queries, please contact the customer service hotline in Hong Kong at +852 3121 9840 (opening hours are Monday to Friday, 09:00-17:00 Hong Kong local time) or by email at info@oasishongkong.com.
For and on behalf of Oasis Growth and Income Investments Limited (In Liquidation)
Edward Middleton
Patrick Cowley
Joint and Several Liquidators
Notice to Oasis creditors (including passengers) [Last update: 7 July 2008 – 1400h HKG time]
On 11 June 2008, the High Court of the HKSAR granted the winding up order against the Company. The Company is therefore now “in liquidation”, with Edward Middleton and Patrick Cowley of KPMG continuing as Provisional Liquidators, pending the appointment of Liquidators.
At this stage, the Provisional Liquidators are continuing their work to gather in and realize the Company’s assets, which is expected to take several months.
The next significant milestone in the liquidation process will be the appointment of the Liquidators, which we expect to occur by the end of July.
Once appointed, the Liquidators will then request creditors to formally submit their claims, by completing a Proof of Debt form. The claims will then be subject to adjudication by the Liquidators, in accordance with Hong Kong legislation and practice.
New Hong Kong Customer Services and Creditors Hotline Number [Last update: 2 July 2008 – 1800h HKG time]
The Oasis Hong Kong Airlines customer service and creditors hotline number in Hong Kong has changed to +852 3121 9840* and the respective fax number to +852 3121 9842*. Opening hours are Monday to Friday, 09:00-17:00 Hong Kong local time.
Customers and creditors can also contact us by email at info@oasishongkong.com or by mail at 27/F, Alexandra House, 18 Chater Road, Central, Hong Kong.
All customers who have not yet provided an email address to Oasis are now requested to do so, in order to facilitate future correspondence and updates about your claims.
* These numbers are not toll free and international calling rates apply.
Court orders that Oasis be wound up [Last update: 12 June 2008 – 2000h HKG time]
The Provisional Liquidators of Oasis Hong Kong Airlines Limited (In Liquidation) ("Oasis") confirm that the High Court of the Hong Kong Special Administrative Region ordered on 11 June 2008, that Oasis be wound up. The Court was satisfied that Oasis was insolvent and it was in the best interest of Oasis and its creditors that Oasis be wound up. Edward Middleton and Patrick Cowley of KPMG are continuing in their role as Provisional Liquidators of Oasis. Creditors will be contacted in due course with further information regarding the liquidation process and instructions for submitting Proof of Debt forms.
Notice to Oasis Hong Kong Airlines Passengers [Last update: 14 April 2008 – 1800h HKG time]
It is with regret that Oasis Hong Kong Airlines announces that the airline has applied to the High Court of Hong Kong Special Administration Region to appoint provisional liquidators on 9 April 2008. The Court has appointed Edward Middleton and Patrick Cowley of KPMG as the provisional liquidators, and they have assumed control of the airline with effect from 1400h the same day Hong Kong time.
Our flight operations have been cancelled until further notice. The Provisional Liquidators are liaising with other airlines in order to help customers make alternate travel arrangements as quickly as possible.
Notice to All Trade Creditors and Suppliers [Last update: 16 April 2008 – 1500h HKG time]
Edward Middleton and I were appointed as Joint and Several Provisional Liquidators of the Companies by orders of the High Court of the Hong Kong SAR on 9 April 2008. The Provisional Liquidators are now assessing the Companies’ financial position, and will keep all parties informed of progress via the Oasis website, www.oasishongkong.com.
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Press Releases
Update on the provisional liquidation of Oasis Hong Kong Airlines Limited [Last update: 18 April 2008 – 1800h HKG time]As previously advised, since their appointment as Oasis's Provisional Liquidators on 9 April 2008, KPMG's Edward Middleton and Patrick Cowley, have been engaged in urgent efforts to facilitate a rescue of Oasis's business. In this endeavour, we have been assisted by financial advisers, Access Capital Limited. Update on Crew Members returning Home [Last update: 11 April 2008 – 2200h HKG time]The Provisional Liquidators are pleased to announce that in the last 24 hours, sixty-six Oasis crew members arrived in Hong Kong from London and Vancouver. All the Oasis crew based in Namibia are coming home tonight. This achievement is the result of the tireless efforts of the Oasis team who have done their utmost to bring their colleagues home. Update on Passengers and Crew [Last update: 11 April 2008 – 0130h HKG time]To minimize the inconvenience to its passengers, Oasis Hong Kong Airlines, under the management of its Provisional Liquidators, has been working closely with several airlines to offer preferred fares for Oasis passengers on both the London and Vancouver routes. |
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