LightSquared May Be Eyeing Bankruptcy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.27.15

Airborne 04.28.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

Airborne Hi-Def On YouTube

Airborne 04.27.15

Airborne 04.28.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

Sat, Apr 07, 2012

LightSquared May Be Eyeing Bankruptcy

Philip Falcone Said The Talks Are 'Serious'

LightSquared's orbit may be decaying towards a catastrophic re-entry. Hedge fund manager Philip Falcone says that the company is "seriously considering" filing for protection from creditors, according to a report from Reuters.

The company suffered $427 million in losses in the first nine months on 2011, according to Falcone. It also was told by the FCC that it would not be allowed to begin operation of its 4G broadband wireless data network until it could prove that it would not interfere with deployed GPS receivers. The company would maintain the spectrum, which has value in the marketplace.

When the FCC revoked LightSquared's waiver to operate on frequencies adjacent to those used by GPS, Falcone said the company would continue to look for ways to deploy its nationwide wireless network. This talk of bankruptcy would seem to counter those statements.

FMI: www.lightsquared.com

Advertisement

More News

Airborne 05.01.15: Blue Origin Flies!, ForeFlight 7, Farewell Ashley!

Also: New Airborne Host Brianne Cross, NTSB Won't Reopen 'Big Bopper' Case, Barnstorming, Dava Newman, NASA Budget, Star Wars UAVs, 757 Bug Research Blue Origin’s Jeff Bezos >[...]

Klyde Morris (05.04.15)

Klyde Can't Take The Strain Of The Kentucky Derby... and Funny Hats FMI: www.klydemorris.com>[...]

Aero-News: Quote Of The Day (05.04.15)

"Ryanair confirms that it has investigated a fraudulent electronic transfer via a Chinese bank last week... The airline has been working with its banks and the relevant authorities>[...]

Swiss Postal Service Mulls Delivery By UAV

Authorized By The Government To Test Home Mail Delivery System Imagine that, instead of a truck pulling up in front of your house or a person walking up onto your front porch to de>[...]

Aero-News: Quote Of The Day (05.03.15)

"The 777-300ER forms the backbone of our long-haul fleet. We operate the largest 777-300ER fleet in Asia, and this super-efficient long haul aircraft allows us to operate multiple >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC