|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Mexico

Delays, Insurance Hikes Caused by Failed Russian Launch of Mexican Satellite

By Marti Quintana

MEXICO CITY – The failed launch of Mexico’s Centenario satellite is a setback for the spacecraft launch schedule and will spark a huge hike in insurance costs, while also discrediting Russian space technology, specialists told Efe.

“Insurance costs will go through the roof and will make satellite launches more expensive. And it will be governments and users that feel the pain – because someone has to pay for it,” said Slava Frayter, vice president for the Americas of the Newtec satellite communications company.

The trade director of Media Networks for Latin America, Leandro Gaunszer, also spoke of the “impact” on the value of insurance policies, and added another important factor: “Because launches are delayed” it affects “the entire chain” of space operations.

Last May 16 a failure in the Russian carrier missile Proton-M, as it was taking the Centenario into space from the Baikonur Cosmodrome in Kazakhstan, caused the disintegration of the satellite soon after lift-off.

The Centenario, with a cost of $390 million (351 million euros), was part of the Mexsat system, made up of the fixed communications satellite Bicentenario and the twin satellites for mobile communications, Centenario and Morelos 3.

Over the past five years there have been six failures in the launches of Proton rockets, as well as errors during operations of the Zenit rocket in 2013 and problems with the expendable cargo spacecraft Progress.

The CEO of the Euroconsult firm specializing in the space market, Pacome Revillon, admitted that this is a high-risk industry and was very positive about Mexico’s decision to launch the Morelos 3 in October and do it with total insurance, in order to mitigate the risks.

Meanwhile Frayter, of Russian origin, said that Russia is taking steps to correct past failures and “is investing in new designs and development,” though it suffers from an even greater problem: corruption.


 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved