DeCrane Aerospace has signed an agreement to sell the assets and certain liabilities of its cabin management business to Goodrich Corp. for approximately $280 million. The DeCrane unit has been a provider of seating, furniture, veneers, interior composites and cabin management systems for business jets. DeCrane also has signed an agreement with a majority of its lenders and stockholders to restructure PATS Aircraft Systems, a stand-alone business that specializes in executive aircraft ...
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