01-27-2016, 01:01 PM
Island Air's controlling interest has been bought out, they immediately restored service to Lihue and the sky is the limit on their service offerings to neighbor islands. The monopoly may in the process of breaking and Hawaiian's desperation to keep it is beginning to show:
Having served Kaua‘i since 2004, Hawai‘i’s second airline suspended its L#299;hue service in June 2015 as part of a comprehensive effort to restructure its operations.
To further support its successful turnaround and plans for expansion, the airline recently announced that it was selling a controlling interest in the company to two Hawai‘i investor groups managed by PacifiCap, a local investment firm, and its founder, Jeffrey Au.
Pending US Department of Transportation review and approval of the sale, the airline is being overseen by a transition team comprised of PacifiCap’s Au, current Island Air CEO Dave Pflieger and former Island Air executive and Kaua‘i native Les Murashige.
“Recognizing that for many local people interisland travel is a necessity and not a luxury, this is an important first step in our mission to benefit our local community in Hawaii by providing more seat availability and more options for interisland travel,” said Au.
“Island Air’s return to Kaua‘i with service between L#299;hue and Honolulu is great news!”said Kaua‘i Mayor Bernard P. Carvalho, Jr. “This will create local jobs and contribute to our local economy as well as provide another interisland travel option for our residents and visitors.”
http://mauinow.com/2016/01/21/island-air...hue-kauai/
Having served Kaua‘i since 2004, Hawai‘i’s second airline suspended its L#299;hue service in June 2015 as part of a comprehensive effort to restructure its operations.
To further support its successful turnaround and plans for expansion, the airline recently announced that it was selling a controlling interest in the company to two Hawai‘i investor groups managed by PacifiCap, a local investment firm, and its founder, Jeffrey Au.
Pending US Department of Transportation review and approval of the sale, the airline is being overseen by a transition team comprised of PacifiCap’s Au, current Island Air CEO Dave Pflieger and former Island Air executive and Kaua‘i native Les Murashige.
“Recognizing that for many local people interisland travel is a necessity and not a luxury, this is an important first step in our mission to benefit our local community in Hawaii by providing more seat availability and more options for interisland travel,” said Au.
“Island Air’s return to Kaua‘i with service between L#299;hue and Honolulu is great news!”said Kaua‘i Mayor Bernard P. Carvalho, Jr. “This will create local jobs and contribute to our local economy as well as provide another interisland travel option for our residents and visitors.”
http://mauinow.com/2016/01/21/island-air...hue-kauai/