Oracle CEO Larry Ellison, who last year purchased his own Hawaiian island, bought a small airline that services the island chain.
Island Air announced the acquisition in a press release today that noted there would be no staff or operational changes as a result of its sale to Ellison. Financial terms of the transaction were not revealed.
"We are excited Mr. Ellison has acquired Island Air. He has the vision and resources to literally take Island Air to new heights," Island Air President Les Murashige said in a statement published by the Associated Press. The airline announced last … Read more