Wednesday, February 27, 2013

Oracle’s Ellison Purchases Hawaiian Carrier Island Air

http://www.bloomberg.com/news/2013-02-27/oracle-s-ellison-purchases-hawaiian-carrier-island-air.html

Oracle Corp. (ORCL) Chief Executive Officer Larry Ellison has acquired Island Air, gaining a regional carrier in Hawaii where he owns most of the island of Lanai.

The airline, which had been undergoing a restructuring, said today it doesn’t plan any staff changes for its 245 employees. Terms of the deal weren’t disclosed.

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