Published On: Tue, Apr 1st, 2014

Larry Ellison buys two new Bombardiers for his personal airline

Ellison, owner of Island Air, which plies its trade around the Hawaiian islands has reportedly laid out  $61 million for the  two new Bombardier 71 seater aircraft

Larry Ellison, founder and CEO of Oracle software, and  one of the world’s wealthiest men  likes his toys, be they beachfront properties, expensive racing  yachts,  private islands and most recently his own airline, Island Air, which he acquired in February 2013.

Island Air operates flights between the Hawaiian islands of Oahu, Maui and  Lanai, with  the latter mostly owned by Ellison.

Larry was recently shopping around for some new aircraft to add to his  fleet , and has plumped for two Q400 NextGen turboprop from Canadian aircraft maker Bombardier, whilst at the same time taking up the option for another four.

Ellison will be paying around $30 million each for the two 71-seat planes.

Commenting on his most recent major purchase Larry Ellison stated his opinion that the Q400 NextGen aircraft is clearly the most suitable airliner for Island Air and will provide a superior passenger experience coupled with unbeatable performance.

“My experience with Bombardier over the years has been nothing but positive which has further led to our selection of the Q400 NextGen aircraft for the next chapter of Island Air.” Ellison completed his statement by saying.

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Larry Ellison  was born in New York City, although due to family circumstances, was brought up by an aunt and uncle in Chicago, who eventually adopted him

Ellison studied at the University of Illinois at Urbana-Champaign, although he left before the end of his second year, after his adoptive mother suddenly passed away. The following semester, Ellison re-commenced his studies at the University of Chicago in 1966 where he experienced his first encounters with the world of computers.

 

His working career began in the early nineteen seventies with the recently formed Amdahl Corporation, based in  California.  After a few years, Ellison left Amdahl to join the Ampex Corporation, where one of his first projects was to build a complex database , to which he gave the title named “Oracle”, a name that was to go to have a significant effect in his life. In 1977 Larry Ellison parted company with the Ampex Corporation to establish the Software Development Laboratories (SDL) with two other partners. The new company had a working capital of just $2, 000, of which $1, 200 was put up by Ellison. A few years later, the company was renamed Oracle after the Oracle database that Ellison had developed almost a decade previously.

 

Over the years, Ellison grew Oracle to become one of the World’s largest and most successful software companies, with an annual global turnover of 37 billion dollars worldwide, employing close to 120, 000 people.

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