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ARTICLE · 16 JULY 2013

Space Business Review June 2013

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On June 3, the Export-Import Bank of the United States (U.S. Ex-Im) authorized a $343.3m direct loan to Asia Satellite Telecommunications Co. Ltd.

United StatesTransport
Dara Panahy
Dara Panahy
Bijan Ganji
Bijan Ganji
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ASIASAT SECURES $343.3M EX-IM LOAN

On June 3, the Export-Import Bank of the United States (U.S. Ex-Im) authorized a $343.3m direct loan to Asia Satellite Telecommunications Co. Ltd. (AsiaSat) to finance AsiaSat's procurement of two communications satellites, the C-band AsiaSat 6 satellite and the hybrid Ku- and Kaband AsiaSat 8 satellite, from Space Systems/Loral, LLC, as well as launch services provided by Space Exploration Technologies Corp. and insurance brokered by Marsh USA Inc. So far in FY2013, U.S. Ex-Im has authorized a total of $891m in financings of satellite industry transactions.

THURAYA RECEIVES $50M ISLAMIC LOAN

On June 20, Thuraya Telecommunications Company (Thuraya) announced that it has obtained a five-year $50m loan from Dubai Islamic Bank PJSC in what represents the company's first major Islamic financing transaction. Thuraya plans to use the proceeds from the loan to make upgrades to its network infrastructure and expand its product

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