The parent company of Krause’s Custom Crafted Furniture in Lynnwood has gone out of business. One remaining store, in Redmond, is being operated by a separate company as a liquidation center, said a man working at the store who didn’t give his name. The liquidation center will close after today. Southern California-based Krause had been operating under Chapter 11 bankruptcy since July. A bankruptcy court judge rejected as insufficient two proposals to revive the company, which went under for good in October. Krause operated 60 furniture showrooms in 13 states. The Lynnwood store was at 3930 196th St. NW.
Singapore Airlines is negotiating with the Boeing Co. to defer delivery of Everett-assembled aircraft the national carrier has ordered, an industry source said Friday. Dow Jones Newswires, quoting an unnamed source, said the proposed delivery postponement would most likely affect Singapore Airlines’ orders for Boeing 777s and 747s. Singapore Airlines had 30 777s on order and nine 747s on option as of Nov. 1, the source said. The move is another step by the airline to save cash during a global slump in air travel since the terrorist attacks. On Thursday, Singapore Air negotiated a delay in delivery of 10 long-range jets from Airbus Industrie.
Officials of Lockheed Martin Corp. and Boeing Co. met Friday to discuss sharing work on the Joint Strike Fighter, potentially the largest U.S. military contract in history. Lockheed and Boeing released a joint statement after the meeting saying the companies “now have a much better understanding of each other’s business considerations” and have agreed to meet again at an undetermined date. Two weeks ago, the Pentagon announced it had picked Lockheed over Boeing to develop the new plane. The production phase of the work could be worth $200 billion, based on a projected order of 3,000 planes. Joe Stout, a Lockheed spokesman, said the company was willing to consider a Boeing role “as long as it makes sense and doesn’t add a lot of unnecessary cost to the program.”
Canada 3000, Canada’s second-largest airline, grounded its planes on Friday, hours after it was granted court protection from creditors. Thousands of passengers were left stranded. Canada 3000, which operates in Canada, Europe, the Caribbean, Mexico and the South Pacific, issued a statement early Friday saying it had ceased flying.
From Herald news services
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