Oasis Hong Kong Airlines, a new start up company aims to be a low cost carrier but operate long haul routes. They plan to make their maiden flight from Hong Kong to London’s Gatwick Airport in June 2006 as Hong Kong’s first low-fare carrier.

Oasis aims to price round-trip tickets starting as low as HKD$1,000 (USD$128), although customers looking for such a bargain would have to book months in advance, said Oasis Chief Executive Stephan Miller, a founder and former chief executive of the city’s second largest airline, Dragonair. Oasis will not be alone. Qantas’ Jetstar arm and Viva Macau also hope to launch low-cost long-haul flights.