The airline industry is still going strong, both U.S. and international.
A new start-up budget airline is beginning operations out of Hong Kong.
Oasis Hong Kong Airlines will keep expenses low by flying long-distance only and maximizing flying hours of wide-body aircraft with low per-passenger costs. Tickets are priced 40-50% lower on average than full-service airlines, according to CEO Stephen Miller. The airline seeks to attract a new market of long-distance passengers flying from Hong Kong to London Gatwick Airport.
The airline plans its fleet of leased B-747-400 aircraft to expand to 25.