Oracle CEO Larry Ellison buys Hawaiian airline

The purchase follows Ellison's acquisition of 98 percent of one of Hawaii's islands

Oracle CEO Larry Ellison has added a local airline to his Hawaiian holdings, following his purchase last year of Lanai, one of the state's islands.

Ellison finalized the purchase of Island Air this week. Terms of the deal weren't disclosed.

Island Air offers flights in between Hawaii's major islands. More routes and flights will be added to Lanai as well as other islands, said Paul Marinelli, a representative for Ellison, during a press conference on the deal Tuesday.

The Lanai deal gave Ellison control of 98 percent of the island, or about 88,000 acres. The land boasts two Four Seasons resorts and two major golf courses for Ellison's enjoyment.

But Ellison has said he also plans to use the land to create a "model for sustainable enterprise," including converting the local energy utility to solar power.

Island Air's fleet fits in with that vision, according to officials.

"Compared to other airliners about this size, this aircraft sips fuel," said Michael Rodyniuk, an Island Air consultant, during the press conference.

Fares for Island Air flights will "be competitive in the marketplace," Rodyniuk said.

While Oracle's acquisitions over the years have resulted in significant layoffs at times, such a scenario is not in the offing for Island Air employees, according to airline president Les Murashige. "We have no intention of any cuts at this point in time," he said.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Mergers and acquisitionsOraclebusiness issuessoftwarehardware systemslarry ellison

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?