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Friday, March 10, 2006 - Page updated at 12:00 AM

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Business Digest

Lufthansa takes a look at 747-8

Pacific Northwest

Boeing

Deutsche Lufthansa, Europe's second-largest airline, said it is interested in both passenger and freight versions of Boeing's planned 747-8 airliner.

Lufthansa is giving Boeing proposals on how the Cologne, Germany-based airline would want both the 747-8, a proposed longer version of its largest airliner, and the new 787 model configured in the event it buys the planes, Boeing Germany President Horst Teltschik said in an interview in Berlin.

Wolfgang Mayrhuber, Lufthansa's chief executive officer, was at Boeing's plant in Seattle last week to look at the 747-8 and the 787, Teltschik said.

"We think we have an advantage, because Lufthansa hasn't ordered Boeing planes in eight years, so they run the risk of becoming dependent on Airbus," Boeing's European rival, Teltschik said.

Nation / World

Imax

Movie company on auction block

Canadian big-screen movie company Imax is on the auction block after several unsolicited inquiries prompted its management to look at strategic alternatives, the company announced Thursday as it reported a 54 percent rise in fourth-quarter profit.

Imax said it has hired Allen & Co. and investment bank UBS as its financial advisers to consider its alternatives.

Imax, since its establishment in 1967, has become a leader in giant-screen cinema installations, with 266 theaters in 38 countries. The company signed contracts for eight more theater systems in the fourth quarter, taking the year's orders to 45, up from 36 in 2004.

Sikorsky

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Some operations moved out of state

Sikorsky Aircraft has hired temporary workers and will move some operations out of state during a strike by nearly 3,600 Teamsters that is in its third week, a company spokesman said Thursday.

Bud Grebey, a spokesman for the Stratford, Conn.-based helicopter-maker, would not say where the company would move operations. Sikorsky has other facilities in New York, Pennsylvania and Alabama.

Workers have been on strike since Feb. 20 over proposed increases to employees' health-insurance contributions in the company's contract offer. It is the first strike at the company since 1963.

Compiled from Bloomberg News and The Associated Press

Copyright © 2006 The Seattle Times Company

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