An Omnibus hearing on October 20th at the Intelsat bankruptcy court, under judge Keith Phillips, which itself had to postpone adjudicating on many of the matters scheduled to be heard, was told by the judge that Intelsat’s planned confirmation of its exit plan would likely have to be delayed. Bankruptcy Judge Keith Phillips in Richmond, […]
Intelsat’s CEO Steve Spengler is to step down, just hours after Eutelsat’s Belmer announced his move. Spengler will retire once Intelsat emerges from its Chapter 11 bankruptcy. “Until that time, Spengler will continue as CEO and lead Intelsat through the final stages of this process, ensuring a smooth transition,” said a company statement. A search […]
Judge Keith Phillips has a busy afternoon at his bankruptcy court today (October 20th) listening and adjudicating on a long list of motions concerning Intelsat. Late yesterday (October 19th), Intelsat’s lawyers filed (at 21.28pm) an additional supplement on its Chapter 11 exit from bankruptcy plan and at a mere 333 pages which probably kept the […]
Back in 2013, Israeli satellite operator Spacecom (which owns the AMOS craft) and Intelsat agreed a mutually-acceptable frequency coordination of the pair’s various satellites focusing on Spacecom’s AMOS craft at 65 degrees East. Intelsat’s affected satellites were at 62, 64, 66 and 68.5 degrees East. Intelsat agreed to compensate Spacecom with an annual payment of […]
Last week it was an Intelsat motion to its bankruptcy court that accused SES of being “on a warpath” as far as its allegations over SES claims concerning how the FCC’s C-band incentive payments were concerned. SES responded on October 11th with a detailed rebuttal saying it had proposed “numerous compromises” to Intelsat and asked […]
The long-running legal dispute between SES and Intelsat over the division of the FCC’s ‘incentive’ payments regarding the C-Band Alliance has provoked another tough response from Intelsat’s lawyers. A filing into Intelsat’s bankruptcy court on October 6 states that “SES has been on a warpath in this proceeding” and had spent millions of dollars “and […]
Judge Keith Phillips, presiding over Intelsat’s Chapter 11 bankruptcy reconstruction, has rejected the call for an independent examiner to be brought in. The request was made by a small group of equity shareholders to investigate claims of potential mismanagement and other ways to bring in more money for creditors that they say the company has […]
Intelsat has secured an Air France contract to supply In Flight Connectivity to its Airbus A220 aircraft. Sixty AF A220-300 aircraft will be supplied with Intelsat’s 2Ku high-speed, satellite-based inflight connectivity solution. “We are honoured to partner with Air France and delight their passengers with a superior inflight connectivity experience on Airbus’ state-of-the-art A220 aircraft,” […]
A large set of documents have been sent to all parties involved in the Chapter 11 bankruptcy reconstruction of Intelsat. Back on September 7th the bankruptcy court handling Intelsat’s affairs issued an order that the Confirmation Hearing on Intelsat’s ‘Disclosure Statement’ and latest ‘Plan of Reorganisation’ from bankruptcy will commence on November 8th. The documents […]
Investment bank Berenberg has issued two timely reports on Europe’s pair of major satellite operators ahead of their results. The analysis was good news for Luxembourg-based SES but less rosy for Paris-based Eutelsat. For SES the overwhelming positive news was the operator’s share of the FCC’s ‘incentive’ payments for freeing up C-band frequencies over the […]