Court approves Sea Launch reorganization plan
Posted: Thu, Jul 29, 2010, 6:35 AM ET (1035 GMT)
A US court has given its approval to a plan that will allow commercial launch provider Sea Launch to exit bankruptcy protection and resume operations under new ownership. The US Bankruptcy Court in Delaware approved the plan this week for the restructuring of Sea Launch, which has been under Chapter 11 bankruptcy protection since June of last year. Sea Launch, which originally was a multinational consortium with American, European, Russian, and Ukrainian owners, will be 95-percent owned by Russia's RSC Energia when the reorganization is complete. The company hopes to resume launch operations in 2011.
A US court has given its approval to a plan that will allow commercial launch provider Sea Launch to exit bankruptcy protection and resume operations under new ownership. The US Bankruptcy Court in Delaware approved the plan this week for the restructuring of Sea Launch, which has been under Chapter 11 bankruptcy protection since June of last year. Sea Launch, which originally was a multinational consortium with American, European, Russian, and Ukrainian owners, will be 95-percent owned by Russia's RSC Energia when the reorganization is complete. The company hopes to resume launch operations in 2011.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, July 26
Vandenberg Space Force Base Initiates New Rocket Launch Notification System
Santa Barbara (CA) Edhat — 7:25 am ET (1125 GMT) Space Force missile warning competition robust despite RTX exit
Defense News — 7:25 am ET (1125 GMT) U.S. Space Force Eyes On-Orbit Weather Monitoring Systems
Aviation Week — 7:24 am ET (1124 GMT) EU’s rival to Elon Musk’s Starlink struggles to take off
POLITICO — 7:22 am ET (1122 GMT) Vandenberg base starts public notification system on rocket launches
Ventura County (CA) Star — 7:21 am ET (1121 GMT) |
