Shareholders Agree to $110 Million Bailout of Arianespace

Arianespace Shareholders Agree To Offset Consortium’s Losses Space News

The Arianespace commercial launch consortium has won approval of its shareholders to recapitalize the company to compensate for two years of losses totaling 135 million euros ($184 million), European government and industry officials said Jan. 26.

The shareholders, led by the French space agency CNES and Ariane 5 prime contractor Astrium Space Transportation, will not be paying that amount in cash, however.

(…) Read the rest of Shareholders Agree to $110 Million Bailout of Arianespace (56 words)

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(C) Douglas for Parabolic Arc, 2011. | Permalink | No comment | Add to del.icio.us Post

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