Has always determined to extricate the bankruptcy in the spring, Sea Launch satellite launch company just a little fresh money. Almost five months after this Boeing subsidiary has been placed under the protection of Chapter 11, mysterious investors hidden under the description of Space Launch Services have received the authorization of the Court of Delaware to inject $ 12.5 million: 5 million immediately and the balance to the beginning of December. What to allow Sea Launch to hold up to February, paying salaries, consultants and lawyers.
Further, the future of the company, whose debt exceeds $ 1 billion, remains uncertain. Sea Launch could be sold at auction aware 2010. Less be adopted directly by Space Launch Services. This entity represents investors "who show an interest in the long term in the space, not financial, and seeking out Sea Launch of the bankruptcy", provides its CEO, Kjell Karlsen, quoted by the magazine "space news". The historic shareholder Boeing, for its part, seems unwilling to give money to the pot.
Created in 1995 by a former Executive of Boeing, Sea Launch specializes in launches of larger satellites from a platform in the Pacific Ocean, at the level of the equator. In addition the US Aeronautics and defence group, which holds 40 of the capital, the round table includes Norwegian Aker (20), RSC-Energia (25) Russian and Ukrainian SDO Yuzhnoye/PO Yuzhmash (15) - the latter two providing the Zenith rocket. The company therefore provides a third source of launches of satellites to Arianespace and the coverage it (Proton). But, as a result of the spectacular explosion at the launch of a rocket in January 2007, which damaged the launch platform and handed over in question all his plans, the company had to seek the protection of justice.
The arrival of Space Launch Services appears bodes, when well even ambitions and, especially, the means of this investor still remain unknown. "These are people who have worked in the past with one of our partners, and we know," said Kjell Karlsen. Customers will appreciate, if satisfied that the risk of liquidation is reduced. Because Intelsat, its or Eutelsat have no interest in seeing launches market be summed up in a duopoly. To demonstrate that competition is necessary, Eutelsat did also not hesitate to do business with the Chinese long March, which then caused a reaction indignant of Jean-Yves Le Gall, CEO of Arianespace ("Les Echos" from March 26).
Reduce the shortage of launches
On their side, Intelsat and its call on the US Government to open more its launchers to commercial satellites to reduce the shortage of launches. The first knows something. The offset of the launch of the Intelsat 14 satellite on rocket Atlas was a "significant" impact on its turnover for first nine months. Best, Intelsat has not hesitated, in auction, paying $ 210 million for one of two satellite in ProtoStar activity, a competitor who had put the key under the door. "Believe me, we would not so without being some of the return on investment", it is forbidden its Director General, David McGlade.
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