Hawaii’s Island Air announced last month that it has entered into an agreement it believes will lead to sale of the company to an undisclosed buyer.
“This is a great opportunity for the future of the company,” said Les Murashige, Island Air’s president. “The company has gone through a number of challenges recently and a new owner will bring a fresh perspective to the company.”
Those challenges include delays in pressing into service a fleet of newly acquired ATR 72-200s and direct competitive threats posed by a new rival ATR operation planned by Hawaiian Airlines.