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OneWeb emerges with new CEO and return to flight launch date

Paris, 23 November 2020. – On the safe side now: The Low Earth Orbit operator OneWeb has emerged from bankruptcy and appointed a new CEO, the company announced.

OneWeb emerged from U.S. Chapter 11 bankruptcy protection, the company said, and achieved all relevant regulatory approvals. A consortium of the UK Government and the Indian group Bharti Global had invested $1 billion of new equity to rescue OneWeb.

OneWeb wants to offer broadband connectivity services via a constellation of 650 LEO satellites.

The London-based company appointed Neil Masterson new CEO. He joins from the global news and information provider Thomson Reuters where he was Co-Chief Operating Officer, based in New York. Masterson succeeds Adrian Steckel, who joined in September 2018 and continues as an Adviser to the Board.

OneWeb also announced that it targets 17th December 2020 for its return to flight, with a 36-satellite payload scheduled for an Arianespace launch from the Vostochny Cosmodrome in Russia.

OneWeb has so far put 74 satellites into orbit.

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#SpaceWatchGL Opinion: Say YES to diversity and gender equality in the space sector: a look at the Diversity and Gender Equality Project Group of the SGAC

Diversity is difficult to measure and quantify, given all the aspects and shapes it takes, yet it is easy to witness and observe the lack of it in many fields including the space sector. If the space sector and all its disciplines should be used to help improve life on earth and observe it (amongst other purposes), shouldn't it be represented by all terrestrial individuals equally? In an ideal world, yes! But history and social biases have prevented our progress towards this perfect world, and we find ourselves today with a space sector still dominated by cis white-male individuals.