FLAMBOYANT MULTI-BILLIONAIRE Larry Ellison apparently decided that his private jet wasn't enough to serve his Hawaiian island, so he bought the Honolulu based Island Air airline.
Ellison, the not so publicity shy CEO of Oracle, likes the finer things in life and already owns a significant chunk of Malibu beachfront, perhaps the most advanced sailboat ever built, which won the America's Cup, multiple airplanes including two jet fighters, a massive feudal Japanese castle replica in California that has one of the finest Japanese gardens outside the land of the rising sun and... 98 percent of the Hawaiian island of Lanai.
Now the enterprise IT mogul has decided to buy the Hawaiian airline Island Air, presumably to ensure that if his private jet is getting washed and waxed he can still visit his island.
Island Air is a small airline that has a fleet of turbo-prop aircraft and schedules local flights between the various Hawaiian islands, so Ellison isn't going to compete with Sir Richard Branson's Virgin Atlantic Airways any time soon. Nevertheless, the firm has 245 employees, all of whom will remain in their jobs after Ellison completes the purchase.
Les Murashige, Island Air president said, "We are excited Mr. Ellison has acquired Island Air. He has the vision and resources to literally take Island Air to new heights."
Details of how much Ellison paid for Island Air have not been disclosed. µ