Island Air’s New Ownership
Island Air — Molokai’s largest air carrier — is changing ownership, the airline announced Jan. 10. The company has not yet disclosed any details, including the buyer and how the sale may affect its employees and routes.
One week after the announcement, however, the Honolulu Star-Advertiser reported the buyer as billionaire Larry Ellison, the new owner of Lanai. The newspaper cited two anonymous sources “familiar with the situation.”
“Yes, we are in the midst of a potential sale,” Cindy Vanairsdale Island Air’s corporate secretary, told The Molokai Dispatch last week. “Amidst all the media speculations, from our end, it is still an unnamed entity during this due diligence period, and anything can happen.”…