S7 Group announcing an Agreement to Purchase Sea LaunchGuadalajara, Mexico, 27 September, 2016
- Sea Launch SA and S7 Group today announced that an agreement regarding Sea Launch assets purchase was reached between the two Parties.
The transaction still has to be approved by the US government agencies - the Directorate of Defense Trade Control (US Department of State) and the Foreign Investment Committee of the United States (CFIUS) a process that could take several months.
Also today S.P. Korolev Rocket and Space Corporation Energia ("Energia") (RTS: RKKE) and the S7 Group signed an agreement on cooperation and joint work to resume operations of "Sea Launch" program. "Energia" will provide S7 Group with the necessary engineering and launch support, as well as system integration services.About Sea Launch SA
Sea Launch SA provides launch solutions to the industry's satellite operator community based on the Zenit launch system. The Sea Launch system offers the most direct and cost-effective route to geostationary orbit for commercial communications satellites, providing diversity of supply, affordability and flexibility for the industry's satellite operators. Sea Launch SA's corporate headquarters are located in Nyon, Switzerland. For more information, please visit the Sea Launch website at: www.sea-launch.com.About S7 Group
S7 Group is the largest private aviation holding company in Russia comprising air transportation and maintenance companies, specifically, S7 Airlines.
Sergey Gugkaev, +41 31 380 00 00, email@example.com