Friday 9th September 2016 |
Text too small? |
Airways New Zealand has signed a contract with commercial rocket launch provider, Rocket Lab, to provide air traffic services for test and commercial flights through the country's airspace.
In a statement, Airways said they'd been in talks with Rocket Lab for the past 18 months.
Rocket Lab operates a private satellite launch site on the Mahia Peninsula between Napier and Gisborne. The company plans around 100 launches a year through its Electron rocket.
Airways chief operating officer Pauline Lamb said "a special use airspace will be created around the Electron rocket as it launches through New Zealand airspace. Our air traffic controllers will protect this airspace from other aircraft using separation procedures and will do all they can to minimise the impact the launch operations may have on other airspace users."
Rocket Lab is backed by Silicon Valley investor Khosla Ventures, Stephen Tindall's K1W1 fund, Silicon Valley venture capitalist Bessemer Venture Partners, and global defence group Lockheed Martin. In July last year, it signed a contract with the US's National Aeronautics and Space Administration letting it use NASA's resources.
BusinessDesk.co.nz
No comments yet
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance