Spacecom Secures Financing for Amos 6 Satellite

Spacecom Amos loans

David Pollack, president and CEO, Spacecom. Photo: Spacecom

[Via Satellite 11-11-13] Building on the momentum from Amos 5, Spacecom has signed agreements with a consortium of banks and the Amos 6 satellite manufacturer for loans totaling just over $293 million to finance the construction, launch, insurance and financing costs related to the Amos 6 satellite. The consortium is led by Export Development Canada (EDC) which will loan up to $140 million; Export-Import Bank of the United States (Ex-Im) which will loan up to $106 million and Israel Aerospace Industries (IAI) with a loan up to $47 million. IAI is responsible for manufacturing and preparing for launch of the satellite whose launch date is scheduled for 2015 to the Amos 4 degrees West ‘hot spot,’ current home to the Amos 2 and Amos 3.

Amos 6 will be larger and more powerful than both the Amos 2 and Amos 3 satellites. The spacecraft will expand territories under current service by adding Western Europe, and multi-beam coverage over parts of Africa to existing Central Europe, Eastern Europe and Middle East coverage areas.


Passenger Experience: Where Does it Go Next?
Check out this related Event!

Airlines are getting used to having connectivity on board their aircraft, but finding the right strategy that provides the best…

Related Stories

Live chat by BoldChat