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 -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

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

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

NTSB Final Report: Capella Aircraft Corp FW1C50

Pilot Reported That He Was Unfamiliar With The Single Seat Amateur-Built Airplane And His Intent Was To Perform High-Speed Taxi Testing Analysis: The pilot reported that he was unf>[...]

Classic Aero-TV: Timber Tiger Touts Curtiss Jenny Replicas

From 2023 (YouTube Edition): First Kits to Ship October 2023 Having formerly resurrected the storied shape of the Ryan ST—in effigy, anyway—Montrose, Colorado-based Tim>[...]

ANN's Daily Aero-Term (07.04.25): Performance-Based Navigation (PBN) [ICAO]

Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC