* Cites liquidity concerns, recurring losses from
* Lists assets of up to $500 mln, liabilities of over $1
(Adds background, details)
June 23 Satellite-launch services provider Sea
Launch Co and 5 affiliates filed for Chapter 11 bankruptcy
protection, citing liquidity concerns and recurring losses from
In a filing on Monday with the U.S. Bankruptcy Court for
the District of Delaware, Sea Launch listed assets of up to
$500 million and liabilities of more than $1 billion.
The Long Beach, California-based company said in the filing
it intends to explore the sale of one or more of its divisions.
Sea Launch, which offers commercial space launch
capabilities from the Baikonur Space Center in Kazakhstan, is
owned by among others Boeing Co (BA.N), Russia's RSC Energia
and Norway's Aker ASA (AKER.OL).
The case In re Sea Launch Co LLC et al, U.S. Bankruptcy
Court, District of Delaware. No. 09-12153.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Saeed