Sea Launch Company Emerges From Chapter 11

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Thursday, October 28, 2010

Sea Launch Company Emerges From Chapter 11

LONG BEACH, Calif. ? Sea Launch Company has successfully completed its Chapter 11 reorganization process, effective October 27, 2010. As part of the court-approved Plan of Reorganization, Energia Overseas Limited (EOL), a Russian corporation, will have acquired a majority ownership of the reorganized Sea Launch entity.

The Plan of Reorganization was approved by Judge Brendan Shannon, in the U.S. Bankruptcy Court in Wilmington, Delaware, on July 27, 2010. The successor entity, Sea Launch S.a [...]