Island Airline, the third largest regional airline in the state of Hawaii, has announced that they have reached a preliminary agreement with an unnamed buyer of the company. According to Island Air officials, the new buyer is still doing their due diligence and are reviewing the airline’s books. Island Air also stated that all 245 employees will keep their jobs under the new ownership.
The Hawaii Tourism Authority’s vice president of brand management, David Uchiyama, commented, “We’re waiting to hear how this thing evolves. Our concern is that they get certification for that new aircraft that they brought in so they can get it up and flying. We’re very concerned about the interisland market and the competitive playing field we’re dealing with. One of our initiatives here is to be able to distribute more of our visitors to the neighbor islands, and any interisland carrier becomes an integral part of that — Hawaiian, Island Air, go!, Mokulele. We’re concerned about them (Island Air) going under very much so.”
Source: Honolulu Star Advertiser, 1-17-2013, 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
