Feeds

Larry Ellison buys airline

'Island Air' can ferry Oracle boss to private island

Gartner critical capabilities for enterprise endpoint backup

Oracle boss Larry Ellison's passion for investing in Hawaii has seen him acquire local airline Island Air.

Ellison last year acquired most of Hawaii's sixth-largest island, Lanai. Today he owns 98 per cent of the 141 square mile (365km2) lump of land.

Should the billionaire database guru desire to visit Lanai by air, he can now do so on flights direct from Honolulu or, if he fancies a slower journey, with a stop on Moloka'i.

Just how much Ellison paid to acquire Island Air is not known, but it could be less than the cost of a decent private jet as the company is not a titan of the skies. Last year it announced a plan to upgrade its fleet from from the turboprop DASH 8 to the turboprop ATR-42 and ATR-72, offering 40-52 and up to 78 seats respectively. Reports about the size of the company's fleet suggest it operates seven planes.

Bloomberg says none of the company's 245 staff will lose their gigs and that nothing will change at the airline.

So why has Ellison bought the company? A quick glance at available flights to Lanai suggests Ellison's new asset is one of just two carriers that fly to the island. And if one owns an island, one surely wants its value to be maintained by ensuring it is easily accessible. Throw in the fact that at 1500m Lanai's runway may be too short for Ellison's corporate jets and owning an airline that has easy access to the island looks a sensible strategy. ®

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.