Island Air has announced that the new buyer for the company is going to be none other then billionaire Larry Ellison. Ellison made headlines in 2012 when he purchased 97 percent of the island of Lanai. Island Air is currently the third largest interisland airline and has an approximate 5 percent of the market share. Ellison is the co-founder and CEO of Oracle Corp and is the third-richest person in the United States with an estimated net worth of $41 billion. The exact sales price for the purchase of Island Air has not been disclosed.
Source: Honolulu Star Advertiser, 1-18-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
