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Larry Ellison buying Hawaii interisland airline go! from Mesa Air Group

June 28, 2013 Destination Hawaii No Comments Email Email

egtmedia59Oracle Corp. CEO Larry Ellison, who bought the island of Lanai a year ago and recently purchased Island Air, is now buying the Hawaii interisland airline go!, Pacific Business News has learned.

Terms of the deal were not disclosed.

A source told PBN that go!, which is owned by Phoenix-based Mesa Air Group Inc. and has five aircraft in its fleet, will continue to be the operator but will carry the Island Air brand.

Mesa Air Chairman and CEO Jonathan Ornstein would not confirm the sale.

“We would always look at anything that would enhance value to Mesa and improve service and help expand our business,” he told PBN.

An official announcement of the deal is expected on June 28, the source said.

The interisland carrier, branded as “Hawaii’s Low Fare Airline,” was started by regional carrier Mesa Airlines in 2006, with interisland operations utilizing five Bombardier CRJ-200 regional jet aircraft.

In 2008, go! made national headlines when the Federal Aviation Administration opened an investigation into whether two of its pilots feel asleep during a flight between Honolulu and Hilo.

Just about a year ago, the tech billionaire purchased the majority of Lanai for a reported $300 million from fellow billionaire and Castle & Cooke Inc. CEO David Murdock.

Honolulu-based go! does not fly to Hoolehua Airport on Molokai, Kapalua Airport and Hana Airport on Maui, nor Lanai City Airport. The carrier’s flights to and from those airports are operated on a codeshare by Mokulele Airlines.

Edited by : Bill Hurley

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