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 Good Gear Guide newsletter!

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

Tags business issueshardware systemssoftwareOracleMergers and acquisitionslarry 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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?