Island Air announces preliminary sale agreement - Hawaii News Now - KGMB and KHNL

Island Air announces preliminary sale agreement

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HONOLULU (HawaiiNewsNow) -

 Hawaii Island Air, Inc. dba Island Air announced Thursday that it has entered into an agreement that it believes will lead to a 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."

Murashige said there are a number of hurdles that must be cleared before the closing of the transaction. He expressed optimism the hurdles would be cleared and the new ownership would be in place within the next six to eight weeks. 

"There has been a lot of hard work and due diligence done over the Holidays.  We are prepared to move forward and have been meeting with the relevant groups who have a role in making this happen." 

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