Oasis Hong Kong announces Value Partners as Strategic Investor
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North Asia,
Oasis Hong Kong
(CAPA) Oasis Hong Kong Airlines announced it has secured a USD30 million investment from the Funds under management of Value Partners Limited and its affiliates. The funds will be used for aircraft acquisition and the expansion of Oasis route network.
Commenting on the investment, Dr Raymond Lee, Chairman of Oasis said: “We are very pleased to join hands with the Funds’ under management of Value Partners Limited and its affiliates as our new strategic investor. Value Partners represents the ideal investment partner because of their highly successful track record in the region. We are confident that Value Partners will bring significant value to Oasis as we embark on the next phase of expansion.
“Our agreement enables Oasis to further strengthen Hong Kong’s leading position as an international hub, while tapping the enormous growth in the Chinese market.”
At present, Oasis operates from Hong Kong, to London and Vancouver. The Hong Kong SAR Government has already granted Oasis licenses to operate to cities including San Francisco, Chicago, Cologne, Berlin, Milan and Sydney. Oasis currently operates three B747-400s with another one due by the end of the year, and a fifth aircraft in early 2008.
The investment by Value Partners will assist the airline in realising its plan to operate 14 B747 aircraft over a proposed eight routes by 2011.
Date posted: 05-Oct-07
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Oasis Hong Kong announces Value Partners as Strategic Investor 
