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Oracle CEO buys airline serving Hawaiian island

2013-03-16 02:12:41

By AUDREY McAVOY | Associated Press 7 hrs ago

HONOLULU (AP) A representative for Oracle Corp. CEO Larry Ellison's personal

investment company says the billionaire has purchased a small airline serving a

Hawaiian island to improve flight connections for visitors and residents.

Ellison bought 98 percent of the land on Lanai last year. Lawrence Investments

LLC Vice President Paul Marinelli said this week that the purchase of Island

Air ensures an airline would continue to serve the island.

Marinelli says the danger that Island Air could go out of business pushed

Ellison's company into preparing contingency plans. Another option was to sign

contracts with other interisland carriers to provide flights.

The company hopes that keeping the airline would improve flight connection

times from larger airports to make it easier for travelers.