WaveL - banner

New York court readies OneWeb to start services next year

Paris, 4 October 2020. – A New York court has confirmed OneWeb’s rescue plan and put it back on track to launch its services in 2021, the London-based LEO operator announced.

The U.S. Bankruptcy Court for the Southern District of New York confirmed OneWeb’s Chapter 11 reorganization plan, ensuring that the company remains on target to resume business operations and deploy the initial 650 LEO satellite constellation under its new ownership, OneWeb said.

“The transactions outlined in the Plan will be implemented following receipt of customary regulatory approvals, which are expected by the end of 2020. In the meantime, OneWeb is resuming operations and readying its commercial services which are planned to start next year.”

OneWeb filed for bankruptcy in March 2020. In July, the UK Government and the Indian Bharti Global group won a bid to rescue the firm. Later in July, Hughes, global distribution partner of OneWeb, joined the consortium.

Check Also

EU SST

EU SST Wins T.S. Kelso Award for Flight Safety Contributions

Space Data Association has announced The European Union Space Surveillance and Tracking Partnership (EU SST) as the recipient of the T.S. Kelso Award in recognition of outstanding contributions to space flight safety. The EU SST Partnership relies on the SSA capabilities of 15 Member states of the European Union to provide space safety services, with the EU Agency for the Space Programme (EUSPA) acting as the Front Desk.