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Sea Launch satellite venture files for bankruptcy protection
Posted 24 June 2009 - 11:03 AM
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Posted 24 June 2009 - 04:34 PM
In another dose of bad news for Boeing, the Sea Launch satellite venture in which it holds a 40 percent stake sought bankruptcy-court protection Monday.
The Chapter 11 filing in U.S. Bankruptcy Court in Delaware says the Long Beach, Calif.-based company has debts exceeding $1 billion and assets of less than $500 million. Five affiliated companies also sought protection from creditors.
Posted 04 August 2009 - 03:11 AM