Russian Spacecraft Maker Faces Bankruptcy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Wed, Aug 01, 2007

Russian Spacecraft Maker Faces Bankruptcy

"Clipper" Supporter Gets Clipped Himself

Blame it on "financial idealism." That's the word from the new head of RKK Energia, the Russian company that produces the bulk of spacecraft used by that country, following the ouster of the company's former chief Tuesday.

Reuters reports new company president Vitaly Lopota -- voted in by shareholders earlier in the day, to replace Nikolai Sevastianov -- immediately called for Energia to enter "emergency administration." That's a last-ditch effort to stave off possible bankruptcy.

Energia (the company's full name is Energia Rocket and Space Corporation) is the primary Russian contractor for the International Space Station, as well as a large supplier of spacecraft and rockets used by the Russian space agency, Roskosmos, and other customers.

The impact on Roskosmos remains unclear.... but it's apparent a growing rift between Sevastianov and the space agency was a motivating factor behind his ouster.

Sevastianov, who led Energia since 2005, was a strong supporter of the proposed "Clipper" multi-use space vehicle. First announced in 2004, the spacecraft was Energia's offering in a competition to replace the Soyuz space capsules used by Russian cosmonauts since the late 1960s.

Roskosmos cancelled the bidding  for a new manned spacecraft in July 2006, however. A pitch by Sevastianov in April for a new space transport system, which he said could eventually lead to industrial development on the moon, also fell on deaf ears within the agency.

Lopota -- who was nominated for the lead spot at Energia by, you guessed it, Roskosmos -- indirectly took his predecessor to task Tuesday.

"We intend to introduce emergency administration for the corporation, because the financial idealism that existed here has led not to flights to the moon, but to bankruptcy," Russia's main television channels reported Lopota saying.

State-owned television station Vesti-24 added to the clamor, stating "Sevastianov himself said the main reason for his sacking is the Clipper rocket system. He tried to be too independent from Roskosmos. The new chief promises to establish closer cooperation."

Lopota told viewers one of his priorities was "to preserve the unique professional school the corporation possesses." In comments sure to sting some at NASA, Lopota also noted Energia's importance to spaceflight today.

"Today RKK Energia is the only organization in the world which stays in orbit 24 hours a day," Lopota said. "The entire world's space exploration industry depends on it today."

FMI: www.energia.ru/english/

Advertisement

More News

ANN's Daily Aero-Term (04.26.24): DETRESFA (Distress Phrase)

DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]

ANN's Daily Aero-Linx (04.26.24)

Aero Linx: The International Association of Missionary Aviation (IAMA) The International Association of Missionary Aviation (IAMA) is comprised of Mission organizations, flight sch>[...]

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne-NextGen 04.23.24: UAVOS UVH 170, magni650 Engine, World eVTOL Directory

Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC