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DeCrane Aircraft Appoints New Vice President of Market Development.


Business Editors

EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Sept. 26, 2000

DeCrane Aircraft Tuesday announced the appointment of Steve Tepper as vice president of market development in the Cabin Management Group.

Tepper will be responsible for the marketing of the group's products and services to both the fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing.  segment and the retrofit ret·ro·fit  
v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits

v.tr.
1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in
 segment of the market.

As vice president, Tepper will maintain sales contact with fractional ownership companies to promote DeCrane products for completion of green aircraft destined des·tine  
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.

2.
 for the fractional fleets. Tepper will also coordinate sales activity between the DeCrane Cabin Management companies and the aircraft OEMs on matters involving fractionals as well as coordinate retrofit opportunities for the company's products and services.

"DeCrane Aircraft's cabin in a box concept has strong application in the fractional ownership and retrofit segments of the industry, and Steve will pull the group-wide product and marketing package together for these areas," said Chuck Becker, president of the Cabin Management Group.

A graduate of the Fordham University School of Law Fordham University School of Law (commonly known as Fordham Law or Fordham Law School) is a part of Fordham University in the United States. The School is located in the Borough of Manhattan in New York City, and is one of eight ABA-approved law schools in that city. , Tepper has recently been involved in the fractional jet ownership industry as counsel and consultant to owners of fractional shares and to jet charter operators and companies desiring to become preferred vendors to the fractional program operators. Tepper's experience also includes acting as liaison and counsel to commercial carriers and equipment manufacturers on NTSB NTSB
abbr.
National Transportation Safety Board
 and FAA matters.

DeCrane Aircraft Holdings Inc. is a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
  • DLJ Merchant Banking Partners
 II, L.P. DLJ Merchant Banking Partners II, L.P. is a $3 billion fund dedicated to private equity and equity-related investments.

Note: Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Important factors that the company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 26, 2000
Words:392
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