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Sea Launch consortium suspends operations until mid-2015

August 22, 2014, 21:51 UTC+3 MOSCOW
International spacecraft launch service is going to dismiss some of its staff leaving only the key personnel
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© ITAR-TASS/Kataev Victor

MOSCOW, August 22. /ITAR-TASS/. Sea Launch, an international spacecraft launch service, has suspended its operations until mid-2015, the company reported on its website on Friday.

Sea Launch which launches a Russian-Ukrainian Zenith-3SL rocket from a mobile platform in the Pacific Ocean will resume selling its services in the middle of 2015, the report said.

The company is going to dismiss some of its staff leaving only the key personnel.

The International Sea Launch consortium headquartered in Nyon, Switzerland, was founded in 1995. It was re-organized in 2010. Its majority shareholder-Energia Overseas Limited (EOL), a lower-tier subsidiary of the Russian Energia Corporation - owns 95% of shares. Three percent of shares belong to American airline Boeing and two percent to Norwegian Aker Solutions.

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