A bankruptcy court has approved Intelsat’s request for an employee incentive plan worth $17 million, despite an objection from the U.S. Trustee overseeing the case.  The U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, approved the bonuses as part of a Key Executive Incentive Plan (KEIP) in court documents filed June 30.…

The satellite industry is sometimes difficult to understand. OneWeb recently filed for bankruptcy, letting go of most of its staff, but not long after filed for an expansion of their fleet to 48,000 satellites. In 2015, OneWeb announced that its constellation would comprise 1,600 satellites, but later brought that total number of spacecraft down to…

The United States Trustee overseeing Intelsat’s Chapter 11 bankruptcy case has decided against forming an equity committee of common shareholders at this time.   In a letter to the ad hoc committee of shareholders dated June 4 that was shared with Via Satellite, U.S. Acting Trustee John Fitzgerald III said the U.S. Trustee was not inclined…

Viasat is selling $400 million worth of senior notes. In a Wednesday announcement, the satellite operator said the net proceeds will be used to repay debt and to finance general purposes including the purchase, launch, and operation of satellites, potential acquisitions, joint ventures and strategic alliances, working capital or capital expenditures. Viasat said notes were…