Advanced Television

AsiaSat gets finance for 2 satellites

June 4, 2013

By Chris Forrester

Space Systems/Loral has won a two-satellite order from AsiaSat of Hong Kong.  AsiaSat 6 and AsiaSat 8 will be financed by a $343 million loan from the Export-Import Bank of the United States.

The initial contract was announced back in November 2011 and the satellites are already being built with planned launches in the first-half year of 2014.

The financing by the Export-Import Bank loan covers the launch of the satellites (by SpaceX) and the launch insurance (from Marsh USA).

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