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Oracle CEO buys Hawaii island airline

Reported by AAP
Saturday, March 16, 2013
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Billionaire Oracle Corp CEO Larry Ellison has purchased a small airline serving a Hawaiian island to improve flight connections for visitors and residents.

Ellison bought 98 per cent of the land on Lanai island last year.

Paul Marinelli, the vice president of Ellison's personal investment company Lawrence Investments LLC, said this week that the purchase of Island Air ensured an airline would continue to serve the island.

Marinelli said the danger that Island Air could go out of business pushed Ellison's company into preparing contingency plans.

Another option was to sign contracts with other inter-island carriers to provide flights.

The company hoped that keeping the airline would improve flight connection times from larger airports to make it easier for travellers.

01/10/2014 15:58Sydney, Australia. 1 October,2014
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