Avanti Communications Group PLC (AVN.L)
17 Aug 2018
SINGAPORE Arianespace expects its satellite launches in 2018 to fall short of a record target, hobbled partly by a data glitch that sent a rocket off course earlier this year, the chief executive of the European company told Reuters on Wednesday.
* Arianespace sees around 11 launches this year, steady vs 2017
April 9 Satellite operator Avanti Communications said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million.
* AS AT 31 DECEMBER 2017, HAD US$118.0 MILLION OF INDEBTEDNESS MATURING IN 2020, US$323.3 MILLION OF INDEBTEDNESS MATURING IN 2021
BRIEF-Avanti Communications Says High Court Of England And Wales Sanctions Scheme Of Arrangement On Financial Restructuring
* HIGH COURT OF ENGLAND AND WALES SANCTIONED SCHEME OF ARRANGEMENT PROPOSED BY CO ON FINANCIAL RESTRUCTURING
* HY EBITDA LOSS OF $11.4 MILLION VERSUS LOSS OF $6.3 MILLION YEAR AGO