Results 131 to 135 of 135
- 11-11-2009 02:43 PM #131
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I heard sea launch was shutting down.... but dont know any details
- 11-11-2009 02:43 PM # ADS
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- 11-11-2009 02:50 PM #132
According to
this
, it's the other way around.
Russian Company Set To Bail Out Sea Launch Project
Baikonur, Russia (RIA Novosti) Nov 11, 2009
RSC-Energia is putting a strong effort to revive its bankrupt Sea Launch joint international project, the head of the company said on Tuesday. The Sea Launch consortium, established in 1995, is owned by Boeing, RSC-Energia, Norway's Kvaerner ASA, Ukraine's Yuzhnoye design bureau and Yuzhmash production association. It is the only company that conducts launches from a sea-based platform near the Equator, which allows rockets to carry heavier payloads than from other latitudes.
"Boeing has paid off its Sea Launch debts and filed claims to other partners...We are taking steps to save the project so that Boeing receives dividends from it rather than putting claims against us," Vitaly Lopota said.
"We have solid prospects and have found investors," he added.
"Nothing on earth can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude"
-- Thomas Jefferson
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- 11-11-2009 03:06 PM #133
Just got this...
Sea Launch Secures Financing for Continued Operations
LONG BEACH, Calif., November 11, 2009 – Sea Launch Company, LLC, a leading provider of launch services to the commercial satellite industry, has received interim approval from the U.S. Bankruptcy Court in Delaware on its motion to secure up to $12.5 million in debtor-in-possession (DIP) financing from Space Launch Services, LLC.
This credit facility will provide working capital to continue Sea Launch operations as the company moves through its Chapter 11 reorganization process. In the next few months, Sea Launch will be preparing a Plan of Reorganization as well as securing exit financing and finalizing a revitalized supply chain management structure.
“Obtaining our DIP financing is a significant step toward our exiting the reorganization process and returning to normal business operations,” said Kjell Karlsen, president and general manager of Sea Launch. “We are planning to emerge from Chapter 11 next spring and continue to provide reliable launch services for our current and prospective customers.”
Sea Launch filed voluntary petitions to reorganize under Chapter 11 of the United States Bankruptcy Code, on June 22, 2009. The company currently projects emergence from Chapter 11 in the first quarter of 2010.
Sea Launch has retained Christopher L. Picone of Buccino & Associates, Inc., as Chief Restructuring Officer; Alston & Bird, LLP, as legal counsel; and Jefferies & Company as financial advisor, to provide professional services in connection with the company’s restructuring efforts.
In parallel with its focus on the reorganization process, Sea Launch is currently preparing for the launch of the Intelsat 15 satellite later this month, with a Zenit-3SLB vehicle from Site 45 at the Baikonur Space Center in Kazakhstan. This is Sea Launch’s fourth and final launch campaign of 2009. For additional information about this mission, and about Sea Launch, please visit the company website at:
www.sea-launch.com
.
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- 01-22-2010 11:28 AM #134
foot print for new echostar 14 ? I can not access the link provided by Nelson61, is it me ?
Echostar 14 Conus Embed
I saw some maps of how the footprint for echostar 14 will look like uploaded by Nelson61 a few months ago, has there been a change to that ?
By the way, Nelson61 thank you for all the information you always provide.
- 01-22-2010 01:12 PM #135
On a bit of a side note, I notice anik at nasaspaceflight now lists Echostar 15 for the end of the year. Well, this filing came out 10 months before E14 is going up. Any chance we will soon see a filing on E15?
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