Island Air is bringing back two former top executives as part of its management team after the U.S. Department of Transportation approved the sale of controlling interest in the airline to two investment groups managed by Honolulu venture capitalist Jeffrey Au.
Ohana Airlines Holdings LLC, owned by billionaire Larry Ellison, said today the sale was approved to PaCap Aviation Finance LLC and Malama Investments LLC, two investment companies managed by Au’s firm, PacifiCap. The deal initially was announced on Jan. 6.
As part of the transition, former Island Air President Les Murashige, who has been retired, will take over as president and CEO for Dave Pflieger effective today. Pflieger is leaving the airline to work directly for Ellison in an unspecified position. Murashige, who was president and chief operating officer from 2012-2013, had been helping Pflieger and Au during the transition of the sale.
Rob Mauracher, who was CEO of Island Air from 2004 to 2007, will become chief operating officer. And David Uchiyama, who had been vice president of brand management for the Hawaii Tourism Authority and most recently vice president of sales and marketing for Hawaii Gas., will take on the role of chief commercial officer.
Ohana Airlines Holdings will retain a non-controlling interest in the Island Air.