Larry Ellison’s Hawaii buying spree continues, now buys Island Air
Photo Caption: Island Air's new ATR 72 planes, arriving at Honolulu International Airport (HNL) last year. Photo courtesy Island Air's Facebook page.
Skift Take
Seems like tech billionaires love buying up parts of Hawaii. Maybe Ellison is competing with Steve Case, who also owns tens of thousands of acres in the islands.
Oracle Corp. CEO Larry Ellison bought a small Hawaii airline Tuesday, less than a year after he bought most of the Hawaiian island of Lanai.
Island Air said in a news release there will no layoffs or other staff changes after its sale to Ohana Airline Holdings LLC, a holding company owned by the billionaire.
Terms of the deal weren't disclosed.
