Israel Aerospace Industries (IAI) and Phoenix Underwriting have proposed a debt settlement plan that would result in IAI taking control of Spacecom, the satellite company. The proposal aims to reschedule Spacecom's $378 million debt and provide the company with the necessary funds to continue its operations.
image sourced from original article at https://en.globes.co.il/en/article-iai-eyes-takeover-of-spacecom-1001510591Original article source: https://en.globes.co.il/en/article-iai-eyes-takeover-of-spacecom-1001510591
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