HONG KONG - Oasis Hong Kong Airlines, after just 17 months of operation, has gone into liquidation.
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 SAR.
The airline has accumulated losses of as much as HK$1 billion (US$128 million) and is losing more than HK$1 million a flight.
Top news, insights and analysis every weekday
Sign up for Campaign Bulletins
VML's Gareth Jones steps in to lead global growth at Ralph, partnering with CEO Chris Hassell to reenergise the agency's key offices in Los Angeles, New York, London, and Tokyo.
.jpg&h=268&w=401&q=100&v=20170226&c=1)
The two groups will continue to operate independently and compete in pitches for the time being, as the M&A deal could take a year to complete.
She once dreamed of covering war zones, not crafting ad campaigns. But a surprising turn of events led this TBWA Australia creative director to a career where "smashing it like an avocado" became her unexpected motto.
.jpg&h=268&w=401&q=100&v=20170226&c=1)
As supermarket price wars heat up, Woolworths and Coles are losing ground to Aldi, according to data from YouGov.
