Airbus writes down OneWeb equity and loan; bankruptcy court sets May 4 preliminary bid-interest deadline

by Peter B. de Selding

PARIS — Two developments in OneWeb Global Ltd.’s Chapter 11 bankruptcy on April 29: OneWeb equity owner and creditor Airbus Group wrote down the value of its investments and the U.S. court handling OneWeb’s bankruptcy issued a final auction schedule.

Airbus recorded a decrease of 137 million euros ($149 million) in the value of its OneWeb equity as part of its financial disclosures for the three months ending March 31. OneWeb filed for bankruptcy on March 27.

Airbus owns 8.5% of the . . .

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