HOLLYWOOD — Facilities and props company Air Hollywood has acquired rival Airline Film and Television Promotions for a seven-figure sum.
Air Hollywood will consolidate assets of both companies to become “the largest provider of airport and airline sets and aviation-themed props,” officials said. The transaction was brokered by Coldwell Banker of Beverly Hills and AFTP prexy Alf Jacobsen.
MGM’s Snoop Dogg laffer “Soul Plane” is currently filming at Air Hollywood in San Fernando.
With the AFTP acquisition, Air Hollywood boasts four soundstages with a total 60,000 square feet. Some rare stock and archive film footage was also acquired in the transaction.
“The stock film library is an unmined treasure,” Air Hollywood founder Talaat Captan said. “If a movie or television studio tried to reproduce those shots today, they would have to spend millions.”