Exclusive: New Boeing 737 economy seat supplier books initial sales

Reuters News
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Posted: Oct 17, 2016 3:42 PM

NEW YORK (Reuters) - A new supplier of economy class seats for Boeing Co's <BA.N> top-selling 737 jetliners has signed its first two customers, allowing it to begin production, a person familiar with the matter said on Monday.

The agreements with Huntington Beach, California-based LIFT by EnCore, which are due to be announced as early as this week, are the first in which Boeing buys the seats from the supplier, so-called "seller-furnished equipment," essentially guaranteeing they will arrive on time.

(Reporting by Alwyn Scott)