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
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Friday, June 27
Starlink satellite antennae plan divides Swiss village
Swissinfo — 7:12 am ET (1112 GMT) Sierra Space Announces Opening of New “Power Station” Technology Center in Colorado as Defense Operations Grow
Sierra Space — 7:11 am ET (1111 GMT) In the sky over Iran, Elon Musk and Starlink step into geopolitics – not for the first time
The Conversation — 7:11 am ET (1111 GMT) Musk Calls Lebanese President as Starlink Seeks License
Asharq Al-Awsat — 7:10 am ET (1110 GMT) AST SpaceMobile & Fairwinds Technologies Demonstrate World’s First Tactical NTN Connectivity Over Standard Mobile Devices
Business Wire — 7:09 am ET (1109 GMT) |
