NEW YORK (Reuters) - A new supplier of economy class seats for Boeing Co's (N:BA) 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.