I found this in an article on Space news from April 8th:
The U.S. and French credit-agency financing followed a long negotiation given NewSat’s history as a relatively small Australian teleport operator. An Export-Import Bank official said after the loans were approved that the bank had protected itself against a possible NewSat default by arranging for a “Plan B” that was not detailed but presumably entailed selling the satellite and the Arianespace launch contract to a third party. - See more at: http://spacenews.com/coface-refusal-puts-newsat-in-tight-spot-with-creditors/#sthash.N5NSevcw.dpuf
Wondering what or who plan B is; Any ideas?????
Add to My Watchlist
What is My Watchlist?