FLIGHTWAYS MOVING TO SIMI SITE; RELOCATION DESIGNED TO CONSOLIDATE FIRMS.Byline: Enrique Rivero Daily News Staff Writer Flightways Manufacturing Inc. is moving from its Van Nuys home to Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. , part of new parent company Fields Aircraft Spares Inc.'s consolidation of newly-acquired subsidiaries under one roof. Flightways, as well as Field's own quarters, will move on July 18 to Field's new 122,000-square-foot headquarters at 4175 Guardian Street, which is about four times the size of Fields' present headquarters in Simi Valley, president and chief executive officer Alan Fields Alan Fields (born March 29, 1914) is a former Australian rules footballer who played with Fitzroy in the VFL during the 1940's. Fields was a defender and debuted in 1939, appearing for the club 19 times in his first two seasons before missing the 1941, 1942 and 1943 seasons. said. ``We're doing it for a couple of reasons. We will be a more efficient operation if everything is under one roof (and) it gives us the room we need for expansion,'' Fields said. Fields has acquired or is in negotiations to acquire other companies as it transforms itself into an all-in-one maker and supplier of parts for commercial airline interior cabins. Before embarking in January on its growth-by-acquisition strategy, Fields had only been a supplier of airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. parts. To pay for the integration, Fields expects to post a one-time charge to earnings ranging from $750,000 to $1.25 million in the fiscal quarter ending July 3. Fields is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to retain the approximately 110 Flightways employees, most of whom live in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . ``They're good people and I want to do what I can so we don't lose them,'' he said. Plans now are to leave Skylock Industries Inc., the company that Fields acquired in May, at its present location in Monrovia, where the company has a multiyear lease on the facility, Fields said. It will also keep its 80,000-square-foot Fillmore warehouse. Simi Valley city officials welcomed the move, saying they hope the company will offer a chance for residents to work closer to home. The city offered the company no specific tax breaks or incentives to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. the division, but supported the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. plan. ``Certainly, it's a good business and, hopefully, not one that's going to disappear soon,'' Simi Valley Mayor Greg Stratton said. Daily News Staff Writer Lisa Mascaro contributed to this story. |
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