Virgin Orbit, ANA Holdings Sign MOU for 20 Launches From Japanese Airport

LauncherOne ignites after being dropped from Cosmic Girl. (Credit: Virgin Orbit)

ANA HOLDINGS, owner of ANA ALL NIPPON AIRWAYS (ANA), which has been awarded SKYTRAX’s respected 5-Star Rating every year since 2013, establishes a new space business as an exclusive distributor of Asia’s first air-launch service.

LONG BEACH, Calif., November 04 , 2021 (Virgin Galactic PR) – Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), today announced that it has entered into a memorandum of understanding (“MOU”) with ANA HOLDINGS INC., the owners of Japan’s largest airline, to procure twenty flights of the LauncherOne rocket and to lead the effort to provide funds and support for those orbital missions to launch from Japan’s Oita Prefecture. The terms of the MOU call for ANA HOLDINGS and several of its partners to fund the manufacturing of a new set of the mobile ground support equipment used to prepare Virgin Orbit’s LauncherOne system for flight from a pre-existing runway, with a target of making Oita a LauncherOne-ready spaceport by as soon as the end of 2022, pending appropriate regulatory approvals in the United States and Japan.

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Report: Virgin Orbit Preparing to Go SPAC

LauncherOne ignites after being dropped from Cosmic Girl. (Credit: Virgin Orbit)

Following in the footsteps of its sister company, Virgin Orbit is preparing to go public through a merger with a special purpose acquisition company (SPAC), Sky News reports.

Sky News can reveal that Virgin Orbit is close to finalising a deal to combine with NextGen Acquisition II, a special purpose acquisition company (SPAC) set up by George Mattson, a former Goldman Sachs banker.

Sources said this weekend that NextGen II was in exclusive talks with Sir Richard’s Low Earth Orbit satellite business, which is 80%-owned by the tycoon’s Virgin Group empire.

Mubadala, the Abu Dhabi sovereign fund, owns the remaining 20% of Virgin Orbit’s shares.

A definitive deal valuing Virgin Orbit at approximately $3bn (£2.1bn) could be announced in the coming weeks, according to insiders…

The choice of NextGen is a logical one, since Mr Mattson is a director of Virgin Galactic, and is an experienced aviation industry insider, having also been a director of Delta Air Lines for nearly nine years.

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