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
|
|
California commission votes against increase in SpaceX Vandenberg launches
Posted: Sun, Aug 17 11:32 AM ET (1532 GMT) |
|
news links
|
|
Tuesday, August 26
Defense Innovation Unit head Doug Beck resigns
Defense News — 6:48 am ET (1048 GMT) Doug Beck resigns as DIU director
Defensescoop — 6:47 am ET (1047 GMT) Pentagon's innovation unit chief resigns in latest shake-up, sources say
Reuters — 6:47 am ET (1047 GMT) UCF-Developed Testing Tech to Launch on Blue Origin Mission
Univ. of Central Florida — 6:46 am ET (1046 GMT) SpaceX calls off Starship test flight for 2nd day due to weather
San Antonio Express-News — 6:44 am ET (1044 GMT) |
