Oh dear! the airline has gone out of buisness due to the loss
http://www.oceanic-airlines.com/
Personally I think that the aircraft and pax have been taken by aliens to another planet to see how they react in this type of stress and that the island has been used before (hence the polar bears etc...)
It would also expolain why no overflying aircraft or sea vessels have not picked up the distress beacon for 16 years
What happened to the aircrafts dingys by the way??