spacetoday.net: space news from around the webin association with SpaceNews


Sea Launch files for Chapter 11
Posted: Wed, Jun 24, 2009, 1:49 PM ET (1749 GMT)
Zenit 3SL before launch of Galaxy 16 (Sea Launch) Commercial launch services company Sea Launch filed for Chapter 11 bankruptcy protection late Monday but said it would continue operations at it restructured the company. The multinational venture, incorporated in Delaware, stated in its filing that it had assets of between $100-500 million but liabilities in excess of $2 billion. The company's largest creditor is also its largest stakeholder, Boeing, with nearly $1 billion in debt. The company has experienced supply chain problems that have limited the number of launches it has been able to carry out, and was further hurt by a launch failure in January 2007. the company's CEO said that the company elected to file for Chapter 11 when it could not reach a deal with a former customer, Hughes, who had won a $52-million arbitration award after canceling a launch contract with Sea Launch.
<<previous article   next article>>
news in brief
Soyuz launches missile early warning satellite
Posted: Sun, May 24 10:55 AM ET (1455 GMT)

H-2B launches HTV cargo spacecraft
Posted: Sun, May 24 10:53 AM ET (1453 GMT)

NASA human spaceflight head abruptly resigns
Posted: Sun, May 24 10:52 AM ET (1452 GMT)

news links
Sunday, May 24
Emirates Mars Mission confirms launch date for Hope probe
Gulf Business — 12:31 pm ET (1631 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list