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Ellison’s purchase of second Hawaii airline still a go!

July 6, 2013 Destination Hawaii No Comments Email Email

egtmedia59The sale of go! airlines to the majority owner of Lanai, Larry Ellison, is still happening, despite the lack of an official announcement, Pacific Business News has learned.

A source told PBN Monday that Oracle Corp. CEO Ellison and Phoenix-based Mesa Air Group Inc., which owns go!, are still in negotiations with an official announcement pegged for the middle of next week.

Meantime, a spokesman for Island Air, which Ellison bought in February, told PBN in an email that there is nothing to report.

The same was said when asked by PBN if the deal is off or still on.

PBN first reported last month that Ellison was in the process of buying go! and that an announcement of the sale was expected last Friday.

The deal would include Mesa Air Group continuing to be the operator with the five aircraft flying under the Island Air brand, according to a source.

About a year ago, Ellison purchased the majority of Lanai for a reported $300 million and access to the Pineapple Island has been one of his main initiatives that he planned on addressing.

Mesa Air Chairman and CEO Jonathan Ornstein could not be immediately reached for comment.

Edited by : Bill Hurley

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