Larry Ellison Considering The Purchase of go! Airlines

Larry Ellison, who purchased 97 percent of the island of Lanai in June 2012 and who purchased Island Air in February 2013, has announced that he is in discussions with Mesa Air Group, the parent company of go! airline.  Island Air's chief executive officer, Paul Casey, stated, “We are committed to building a strong regional airline and part of that process is exploring all options including discussions with Mesa Air,”  Mesa Air Group created go! airline in 2006.  Mesa filed for Chapter 11 bankruptcy in 2010 and emerged out of it in 2011.

Peter Forman, a Hawaii aviation historian, commented that Larry Ellison is "making a play to become the second serious interisland competitor.  It's a major move.”  Forman noted that if Island Air does combine with go! Airline, neighbor island flights should become more competitive due to increased service.

Source: Honolulu Star Advertiser, 6-21-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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