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Boeing to buy aerospace interiors company EnCore Group

Credit: REUTERS/Lindsey Wasson

Boeing Co on Friday said it would buy aerospace interiors company EnCore Group, the planemaker's second foray into aircraft seats after it partnered with auto seats maker Adient last year.

June 14 (Reuters) - Boeing Co BA.N on Friday said it would buy aerospace interiors company EnCore Group, the planemaker's second foray into aircraft seats after it partnered with auto seats maker Adient ADNT.N last year.

The deal could help cut delays in the supply chain and improve profit margins for the planemaker, and is expected to close by the end of the second quarter of 2019.

California-based EnCore designs, certifies and produces airplane galleys and seats for airlines, and also supplies components to Boeing.

Last year, the planemaker moved into making aircraft seats with a joint venture with car seating leader Adient to reduce costly delays to deliveries.

Traditionally, aircraft seat makers sell seats to airlines, a process that can involve multiple customized designs and regulatory approvals and in turn lead to industrial delays.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Reuters Messaging: sanjanasitara.shivdas.thomsonreuters.com@reuters.net))

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