Sea Launch exits Chapter 11
Posted: Sun, Oct 31, 2010, 10:38 AM ET (1438 GMT)
Sea Launch Company, a commercial launch provider that entered Chapter 11 bankruptcy protection in 2009, exited Chapter 11 last week under primarily Russian ownership. Energia Overseas Limited, part of Russian aerospace company RSC Energia, owns a majority stake in the restructured Sea Launch and invested $55 million in cash into the company as it exited Chapter 11. Sea Launch, started as a multinational venture led by Boeing with participation by Energia as well as Ukrainian and Norwegian companies, filed for Chapter 11 in June 2009 because of high debts. The company plans to resume launch operations from its oceangoing platform in the second half of 2011; earlier next year it will resume launches by Land Launch in Baikonur.
Sea Launch Company, a commercial launch provider that entered Chapter 11 bankruptcy protection in 2009, exited Chapter 11 last week under primarily Russian ownership. Energia Overseas Limited, part of Russian aerospace company RSC Energia, owns a majority stake in the restructured Sea Launch and invested $55 million in cash into the company as it exited Chapter 11. Sea Launch, started as a multinational venture led by Boeing with participation by Energia as well as Ukrainian and Norwegian companies, filed for Chapter 11 in June 2009 because of high debts. The company plans to resume launch operations from its oceangoing platform in the second half of 2011; earlier next year it will resume launches by Land Launch in Baikonur.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
US and UK militaries conduct coordinated satellite maneuvers
Posted: Sun, Sep 21 8:30 AM ET (1230 GMT) Blue Origin retires a New Shepard capsule after payload flight
Posted: Sun, Sep 21 8:25 AM ET (1225 GMT) |
|
news links
|
|
Saturday, October 11
SpaceX plans to build on previous test for 11th Starship launch
Spectrum News — 11:29 am ET (1529 GMT) Where can you see Starship launch in Texas? This nearby island is popular for spectators
Corpus Christi Caller-Times — 11:28 am ET (1528 GMT) Prestwick Spaceport failure 'echoes global trend'
Insider.co.uk — 11:25 am ET (1525 GMT) Deep space exploration as NASA’s SPHEREx maps the galaxies
USA Today — 11:23 am ET (1523 GMT) UCR physicist pushes for NASA & NSF funding in Washington, D.C.
Univ. of California Riverside — 11:23 am ET (1523 GMT) |
