Quantcast
Delta CEO says the Trump administration will reverse government ‘overreach’ seen under Biden
Spirit Airlines files for bankruptcy: How will it affect your travel plans?
British Airways yet to identify cause of latest IT meltdown
Delta Airlines Will Start Serving Shake Shack Cheeseburgers Next Month
United Sees Nearly 30% Surge in Travel to European Christmas Markets
Asia's airlines blame supply chain woes for disrupted operations
Qantas and Qatar Airways: Planned partnership in the Australian aviation industry under the microscope
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Delta investigating after plane’s nose mysteriously suffered damage
What Elon Musk's Starlink means for airlines
CAP OFF Major twist in Dublin Airport passenger cap row as High Court pauses decision in victory for airlines next summer season
Riyadh Air plans new jet order decision early next year
Calls for a blanket ban on politicians receiving free flight upgrades
Wizz Air Loses Challenge Against EU-Approved Romanian Aid for TAROM
Southwest, Other Airlines Plan a Shake-Up. Why They Need More to Boost Their Stocks.
One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
Low-Cost Airlines Innovate with Subscription Models
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
American Airlines Technical Operations, Fleet Service, Cargo and Central Load Planning team members ratify new agreement
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
American Airlines fined $50M for violating disability laws
Canada's flight attendant union applauds NDP bill to end unpaid work in the airline sector
American Airlines testing new technology that would crack down on boarding
Exciting New Airline Routes Coming to North
Another city ignores airport commission's advice, zones for housing near JWA
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
Alaska Airlines Just Made Its Loyalty Program Even More Lucrative With New Rewards, Better Upgrades, and More

Telesat secures funding for Lightspeed satellite constellation aiming for 2027 global service

Events
Webp a26alwjlaojrh25is3g894am56va
Boeing 777X | The Boeing Company

Telesat now has all financing sources in place to fund its global Lightspeed Ka-band Low Earth Orbit (LEO) satellite constellation. Management tells Runway Girl Network that the Canadian satellite operator aims to begin satellite launches in “mid-2026” in support of a 2027 go-live date for global services, including inflight connectivity.

Funding agreements with the Government of Canada and the Government of Quebec have been completed to cover the Lightspeed network — including the LEO satellites and launch vehicles needed to deploy them; an integrated terrestrial network of landing stations and worldwide points of presence; and the business and operational support systems for the network.

“As previously disclosed, the Government of Canada loan is for C$2.14 billion and will carry a floating interest rate that is 4.75% above the Canadian Overnight Repo Rate Average (CORRA) with a 15-year maturity,” says Telesat in a statement.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

“The Government of Quebec loan is for C$400 million,” it adds, “and has terms that largely mirror the Government of Canada loan but with warrants for 1.87%, in proportion to the smaller loan amount.” The borrower under each loan, Telesat LEO Inc. (Telesat LEO), is a subsidiary of Telesat.

MDA is a prime contractor on the program and will build 198 advanced satellites for the Lightspeed LEO network. Supporting the network with essential software and services is Ottawa-based Calian, which will design, develop, deliver, and deploy the Element Management System (EMS) as well as provide lifecycle maintenance and support.

Stephen Hampton, who serves as senior director, government relations and strategic accounts at Telesat tells RGN that Calian has already started working on the EMS, with final deliverables due in 2026.

Satellite launches, he confirms, “will begin in mid-2026” and “MDA has contracted over 90% of their supply chain for the Telesat Lightspeed program.”

Asked by RGN if Telesat is putting a timeline on when Lightspeed aero service will reasonably be available, Hampton said: “Full global service with guaranteed SLAs will begin in late 2027; however customer beta testing will begin prior.”

Several inflight connectivity stakeholders remain very excited about the prospect of Lightspeed LEO-powered IFC, either as an augment to geostationary satellite-based IFC or offered in standalone form.

For example, operators carrying ThinKom Solutions’ popular multi-orbit capable VICTS hardware for Ka-band GEO connectivity service could augment their service with Lightspeed or potentially move wholesale to a Lightspeed-powered IFC solution in the future (providing the airline owner strikes a deal with the satellite operator for the service portion and executes on an overnight modem change). No changes will need to be made outside the aircraft.

Organizations Included in this History
More News

American Airlines experienced a temporary grounding of all flights on Christmas Eve due to a "technical issue," as reported by the BBC.

Dec 24, 2024

As the new year approaches, many individuals are considering resolutions to enhance their lives.

Dec 24, 2024

The United States Air Force is advancing its Next Generation Air Dominance (NGAD) program, aiming to develop the first sixth-generation fighter jet.

Dec 24, 2024

Airlines worldwide are gearing up to offer free WiFi services to their passengers in 2025.

Dec 24, 2024

Supersonic combustion propels hypersonic scramjets, enabling them to travel at speeds exceeding Mach 5.

Dec 24, 2024

United Airlines is set to resume a regional connection between Rhinelander, Wisconsin, and Chicago using Bombardier jets operated by SkyWest Airlines.

Dec 24, 2024