Hawaiian to buy Island Air assets

Hawaiian Airlines aims to assume oversight of its Ohana by Hawaiian turboprop operation after agreeing to buy some of the assets of bankrupt Island Air for US$750,000, after the regional carrier shut down in November. Hawaiian will acquire Island Air's operating certificate, training records and materials, intellectual property and other real estate. The deal does not include Island Air's fleet of 5 Bombardier Q400 aircraft, which will be returned to lessors. Hawaiian would acquire the assets through its newly-formed subsidiary Elliott Street Holdings, the airline says. If approved, Hawaiian plans to shift its wholly-owned regional brand Ohana by Hawaiian to the former Island Air operating certificate, allowing it to replace operator Empire Airlines. <br/>