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Pats Aircraft Systems, best known for its auxiliary fuel systems, is emerging from a major restructuring phase to focus on four core competencies as a stand-alone company.
Georgetown, Del.-based Pats has long been under the DeCrane Aerospace umbrella but found itself an only child when DeCrane sold most of its other assets to aerospace systems and services provider Goodrich
Goodrich, which completed its purchase of a majority of DeCrane Aerospace assets last year, has introduced its Platinum HD cabin management system.
The system, which featured two Blu-ray players in demonstrations at the Ebace show, offers 1080p resolution and comes with monitors ranging in size from 12 to 42 inches.
Goodrich, having acquired aviation cabin completion components provider DeCrane late last summer, has completed the rebranding of the various former DeCrane entities as Goodrich Interiors.
With completion of its acquisition of most of the former DeCrane Aerospace assets, Goodrich of Charlotte, N.C., showcased its expanded completion and refurbishment capability at the NBAA Convention in October.
With completion of the sale of DeCrane Aerospace to Goodrich in September,
the former DeCrane completion and refurbishment center and auxiliary fuel system specialist Pats Aircraft Systems has relaunched itself as a stand-alone company with considerable financial backing.
Goodrich has acquired the assets and unspecified liabilities of DeCrane Aerospace Cabin Management for a reported $280 million. According to a statement issued by DeCrane in August the company also signed an agreement with a substantial majority of its lenders and stockholders to realign the capital structure of PATS following completion of the sale, which at the time was pending federal approval.
DeCrane Aerospace, founded in 1987 by the late entrepreneur Jack DeCrane with the idea of assembling under a single umbrella all aspects of cabin refurbishment and completion, has found a buyer.
Goodrich Corp. (Stand OE4) has begun collaborating with researchers at an Ohio university to produce a nanomaterial nicknamed “fuzzy fiber” that has metal-like conductive properties and can be formed into large composite structures for use in aerospace.