Satellite And Space Projects News - November 2014

Space Protocol: The ITU was due to consider at its Plenipotentiary Conference (20 October to 7 November 2014) whether it should become the supervisory authority for the controversial Space Protocol. At the time of writing, the outcome as to whether the ITU will take on this role has not been made public. The Protocol establishes international rules for asset-based financings of space assets and a registration system for security interests. Its champions argue that this will make it easier for space sector businesses to obtain financing; but the Protocol is widely regarded in the industry as introducing an unnecessary administrative burden.

Newsat: Australian satellite company, Newsat, announced on 2 October its progress in satisfying conditions attached to a waiver of an alleged technical breach of its Jabiru-1 project financing facilities. Newsat must raise US$40m of new equity and/or mezzanine funding by 30 November 2014. The company has confirmed that it will