HONOLULU (AP) — A representative for Oracle Corp. CEO Larry Ellison's personal investment company says the billionaire bought Island Air in part to ensure an airline would continue to serve Lanai and to improve flight connections for visitors and residents.
Lawrence Investments LLC Vice President Paul Marinelli said this week the danger Island Air could go out of business pushed Ellison's company into preparing contingency plans. One option was to sign contracts with other interisland carriers to provide flights.
Ellison also bought the airline to improve flight connections for out-of-state residents visiting Lanai.
For example, the company hopes someone traveling from California will only have an hour layover in Honolulu to fly to Lanai instead waiting three hours for a connecting flight.
Ellison bought 98 percent of the land on Lanai last year.
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