- Intelsat (I) -- which last week reported a service outage due to a couple of anomalies on its Intelsat 29e satellite -- is now calling the satellite a total loss.
- Shares are down 1.5% after hours.
- All attempts to recover the bird have been unsuccessful, the company says, after propulsion system damage on April 7 resulted in a propellant leak, followed by a second anomaly.
- Intelsat 29e serves maritime, aeronautical and wireless operators in Latin America, the Caribbean and North Atlantic.
- The company's working to transition customers to restoration paths on other satellites serving the region, with third-party satellites provided for a majority of disrupted services.
- It's convened a failure review board with 29e's maker Boeing (BA) to analyze what happened.