IAC 2016 Guadalajara: Sea Launch to be purchased by Russian airline

by | Sep 28, 2016 | commercial launch services, Finance, Russia, Seradata News | 0 comments

S7 Airlines, the Russian airline company, has signed an agreement with RSC Energia for the main assets of the Sea Launch business, including the two launch vessels, at the International Astronautical Congress (IAC) in Guadalajara.

The deal, signed on 27 September, is valued at US$150 million. It is subject to approval from parties in several countries, primarily Russia and the United States. It is expected to take around six months to obtain the approvals.

 

Sea Launch logo. Courtesy of Sea Launch.

Sea Launch logo. Courtesy of Sea Launch.

 

S7 predicts that the Sea Launch equipment has 15 years of useable, and plans to carryout up to 70 launches. The company believes it will be able to begin launches near the end of 2018, or 18 months after receiving approval for the deal. It is expected that Sea Launch operations will still be carried out from Long Beach, California, and utilise the Ukrainian Zenit-3SL launch vehicle.

The elephant in the room was whether the deal would be able to proceed while RCS Energia was entangled in a related lawsuit with Boeing, one of the original Sea Launch owners. Boeing has won a lawsuit against Energia in California District Court, but, it is believed that Energia is contesting the settlement.

Update: In an interview on 30 September, between Russian President, Vladimir Putin, and the Head of Roscosmos, Igor Komarov, the Roscosmos Head speaks of the deal between S7 Airlines and RSC Energia. He states that Roscosmos and Energia have made a deal to provide Roscosmos regulation for the Boeing issues, especially regarding the lawsuit. The deal seems to ensure that neither Energia or Roscosmos will end up out of pocket as a result of the lawsuit, with any “investments” being paid back by any future profits resulting from a future joint venture. Mr Komarov states that he believes the Boeing issue will be resolved by the end of the year.

 

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

PICTURES: Sicral 1B launch

View from Sea Launch Commander of Sicral 1B launch, picture courtesy of the Italian Ministry of Defense. Launched today at Read more

Sea Launch is sold to undisclosed buyer (Updated)

The Moscow Times reports that Russia's space conglomerate/space agency Roscosmos has announced that the Sea Launch operation, which has been Read more

Boeing wins case against Russian and Ukrainian Sea Launch partners

Boeing has won its case in a US District Court in California against its former partners in the Sea Launch Read more

Sea Launch announces “cost reduction measures”

Sea Launch has announced series of cost-reduction measures designed to address an upcoming gap in the launch manifest of the Zenit-3SL system.  The Read more

Sea Launch is back in play as EUTELSAT 3B is launched successfully

Sea Launch SA has successfully launched the EUTELSAT 3B satellite  from at its ocean-based Launch Platform Odyssey.  The Zenit-3SL rocket Read more

Ukraine crisis: Russian retaliation to economic sanctions could end International Space Station though NASA remains sanguine

Russia’s military and political advances in the Crimean region of Ukraine, following similar fanning of separatism in parts of Georgia Read more

Analysis: Sea Launch loses leader as Energia plots launch provider’s non-commercial future

The troubled Sea Launch operation had some more bad news in February.  Kjell Karlsen, its long time President, has resigned Read more

Sea Launch to launch EUTELSAT 3B on Zenit 3-SL next year

On 18 June, the launch provider Sea Launch and the satellite operator Eutelsat announced an agreement fo ar Sea Launch Read more

Cookies & Privacy

Click here to read about use of cookies on the website

Categories

Archives