Members-only airline Surf Air has added Bermuda Dunes Airport in Palm Springs as a new destination from Burbank Bob Hope Airport.
The Santa Monica startup will offer daily nonstop flights between Burbank and Palm Spring starting Nov. 5. The carrier also added Sacramento, Monterey and Santa Rosa as new destinations from Hawthorne Municipal Airport.
Surf offers an “all-you-can-fly” model for $1,750 a month with flights from the Los Angeles area, including from Burbank, to Santa Barbara, San Carlos, Carlsbad and Oakland. The company has more than 900 members.
Surf Air Chief Executive Jeff Potter said the new destinations will appeal to leisure travelers as well as the carrier’s core business traveler.
“We are responding to the desires of our members and prospects to expand our daily service to key new markets across the state as well as add additional flight options in our existing route network,” Potter said in a prepared statement.
Surf flies single-engine Pilatus PC-12 aircraft and plans to acquire five more to handle the 45 daily departures being added.
Signature Group Holdings Inc. has changed its name and expanded its board of directors by two members, the company announced Monday.
The Sherman Oaks investment company will now be known as Real Industry Inc. The change was made to better reflect the acquisition strategy and current operations, said Chief Executive Craig T. Bouchard.
“We believe the new name encapsulates our current approach to making strategic investments, without limiting the image of the company to the public, as new opportunities emerge,” Bouchard said in a prepared statement.
The decision to expand the board of directors is tied to the $525 million acquisition in February of Global Recycling and Specification Alloys, a Cleveland company that was renamed Real Alloy.
“We felt it important to increase the capabilities of our board due to the recent growth and added complexity of our business,” Bouchard said.
Joining the board are Patrick Deconinck, a former senior vice president, vice president and general manager with 3M Co., and William Hall, who has executive experience with companies supplying aerospace parts, consumer goods and industrial power equipment.
Shares closed down 2 cents, or a fraction of 1 percent, to $6.83 on the Over the Counter market.
Film industry prop maker 20th Century Props has leased 19,360 square feet in Van Nuys in a transaction valued at $896,367.
20th Century Props will use the 14746 Raymer St. warehouse to store its inventory of props, sets and stage materials for stage and movie productions. The building, owned by private investor Simon Cohen, was built in 1967.
The company previously occupied space in Burbank at 821 S. San Fernando Blvd., which is being redeveloped for a new Ikea store. The prop company will take advantage of average asking lease rents in Van Nuys.
“Warehouse space throughout the region is in short supply and experiencing strong demand. This space offered the tenant good usable space, which met their needs, for the value,” said NAI Capital Senior Associate Matt Ehrlich, who represented both the tenant and the landlord.