| SAN FRANCISCO
SAN FRANCISCO Feb 27 Billionaire Larry Ellison
can now afford to fly commercial - on his own commercial
airline, that is.
The Oracle Corp chief executive on Wednesday added
a small Hawaiian airline to his holdings, less than a year after
he purchased the vast majority of land on the small Hawaiian
island of Lana'i, off the coast of Maui.
Island Air, a Honolulu-based carrier with a handful of
island-hopping planes and about 245 employees, will not make any
staff changes as part of the sale and will continue normal
operations, the company said.
"We are excited Mr. Ellison has acquired Island Air. He has
the vision and resources to literally take Island Air to new
heights," said Les Murashige, Island Air president.
Terms of the deal were not disclosed, but it was unlikely to
financially strain the software mogul, who has an estimated
fortune of $36 billion. Forbes Magazine recently named Ellison
the sixth-richest man in the world.
A spokesman for Ellison called the Island Air purchase
"another major investment and commitment to Hawaii."
After Ellison bought 98 percent of Lana'i last year, he said
he intended to turn the island into a "laboratory" for green