Ownership under Ohana Airline Holdings.2C LLC Island Air (Hawaii)

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atr 72 in 2014 livery


on january 10, 2013, island air announced company sold undisclosed buyer.


on january 18, 2013, oracle corporation ceo larry ellison, had acquired of island of lanai david h. murdock, reported buyer, though not confirmed airline @ time.


on february 26, 2013, sale ellison complete. same day, airline certified first atr 72, go service following day. ellison appointed paul casey, former ceo of hawaiian airlines , president of hawaii visitors , convention bureau company s new president , ceo.


on may 31, 2013, island air ended service kapalua/west maui airport, result of phasing out airline s dash 8 aircraft , atr 72 s inability land @ airport s short runway. in conjunction, service resumed kahului, maui on april 15, 2013.


in 2014, island air discontinued service ho olehua, molokai.


on september 3, 2014, in surprise announcement, island air appointed david pflieger, president , chief executive officer of fort lauderdale, florida-based silver airways assume roles of president , chief executive officer. effective october 1, 2014, pflieger replaced former hawaiian airlines ceo paul casey asked step down. prior silver, pflieger led highly successful turnaround @ fiji airways , former virgin america , delta air lines senior executive.


in december, 2014, airline announced due 6 quarters of prior losses under previous management, putting delivery of new q400 aircraft on hold , undertaking comprehensive re-assessment of fleet, network, , other aspects of business.


on april 29, 2015, island air announced eliminating honolulu service kauai beginning june 1 , reducing daily frequency more half on lanai route starting on date. airline announced cutting workforce 20 percent canceling delivery of new aircraft in short term airline works reposition second largest carrier in islands. these changes come after company cited record financial losses of more $21 million last year alone.


in september, 2015, island air began voluntarily reporting improved monthly , quarterly on-time performance , flight completion factor (80.4% , 99.2% respectively) current , potential customers can see how airline performing continues improve , position strong future hawaii’s alternative inter island airline.


on january 7, 2016, larry ellison s ohana airline holdings, llc announced planned sell controlling interest in island air pacap aviation finance , malama investments, 2 investment companies managed local investment firm, pacificap.


on february 8, 2016, following formal approval of transfer in ownership u.s. department of transportation, announced dave pflieger, joined ceo in october 2014 , presided on successful restructuring, turnaround, , sale, leaving island air work directly ellison in unspecified role , turning reins on les murashige, former island air executive, become president , ceo under airline’s new owners, pacificap llc.








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