Billionaire Buys Hawaiian Airline

Hawaii. One of the best vacationing places in the World. A typical multi-millionaire would buy 1st class tickets or lets say rent a private jet. You get to Hawaii and pay for the best hotel just bye the beach, with spar treatments and first class services with the best view. Thats the life!
Well how about this. Oracle co-founder and billionaire Larry Ellison, bought his own Hawaiian island in june last year, 98 percent of the 141 square mile (365 square kilometer) island of Lanai for a reported $600 million! Relax thats not all, he now has an airline to go with it. Island Air, a regional carrier based in the Pacific island state, According to usatoday he bought the airline for an undisclosed amount. Island air announced on Wednesday that it had closed its sale to a newly formed holding company owned by Ellison. (I can't shout!)

 "This is another major investment and commitment to Hawaii," said a statement by Paul Marinelli, vice president of Lawrence Investments, LLC, the Ellison-owned holding company.

Les Murashige, Island Air president, said in the statement, "We are excited Mr. Ellison has acquired Island Air. He has the vision and resources to literally take Island Air to new heights."

Island Air operates some 224 weekly flights between the islands of Oahu, Maui, Molokai, Lanai and Kauai. The airline operates mostly Dash 8 (100 & 200series), about 8 twin otters. Island air offers code-sharing with United Airlines and Hawaiian Airlines.
Larry Ellison isworth an estimated $41 billion by Forbes magazine, which ranks him third wealthiest American, behind Microsoft's Bill Gates and investment guru Warren Buffett.