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Question for Department for Business, Energy and Industrial Strategy

UIN HL8803, tabled on 6 October 2020

To ask Her Majesty's Government whether their equity investment in OneWeb has been completed; and if not, whether there are any approvals from the government of the United States which are required before any such investment is completed.

Answered on

20 October 2020

On Friday 2 October 20, the United States Bankruptcy Court for the Southern District of New York confirmed OneWeb’s Chapter 11 plan of reorganisation, ensuring that the company remains on target to resume full business operations imminently.

This is a major step in OneWeb’s reorganisation process, and toward HM Government’s equity investment being completed.