**EXHIBIT12.1**

NewSkies Satellites Holding Ltd

Computationof Ration of Earnings to Fixed Charges

(inMillions)

 
| ** **                                                       | ** ** | **2001**   | ** ** | **2002**   | ** ** | **2003**   | ** ** | **Period from  January 1,  2004 to  November 1,  2004** | ** ** | **Period from  November 2,  2004 to  December 31 2004** | ** ** | **2005**   | ** ** |
|------------------------------------------------------------------|------------|------------|------------|------------|------------|------------|------------|-------------------------------------------------------------------|------------|------------------------------------------------------------------------|------------|------------|------------|
| ** **                                                       | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** **                                                        | ** ** | ** **                                                             | ** ** | ** ** | ** ** |
| Income (loss) before  income taxes                               |       | 52.4       |       | 29.2       |       | 18.5       |       | 12.0                                                              |       | (19.3                                                                  | )          | (3.2       | )          |
| Add: Fixed Charges:                                              |       |       |       |       |       |       |       |                                                              |       |                                                                   |       |       |       |
| Capitalized Interest                                             |       | 1.5        |       | 1.6        |       | 1.9        |       | 1.2                                                               |       | 2.0                                                                    |       | 1.8        |       |
| Interest expense (including amortization of debt issuance costs) |       | 0.4        |       | 0.5        |       | 1.2        |       | 1.4                                                               |       | 10.0                                                                   |       | 58.8       |       |
| Rental (1/3)(a)                                                  |       | 0.4        |       | 0.4        |       | 0.4        |       | 0.2                                                               |       | —                                                                 |       | 0.2        |       |
| Total Fixed Charges                                              |       | 2.3        |       | 2.5        |       | 3.5        |       | 2.8                                                               |       | 12.0                                                                   |       | 60.8       |       |
| Income before income taxes  plus fixed charges                   |       | 54.7       |       | 31.7       |       | 22.0       |       | 14.8                                                              |       | (7.3                                                                   | )          | 57.6       |       |
| LESS: Capitalized interest                                       |       | (1.5       | )          | (1.6       | )          | (1.9       | )          | (1.2                                                              | )          | (2.0                                                                   | )          | (1.8       | )          |
| Earnings (As defined)                                            |       | 53.2       |       | 30.1       |       | 20.1       |       | 13.6                                                              |       | (9.3                                                                   | )          | 55.8       |       |
| Total Fixed Charges                                              |       | 2.3        |       | 2.5        |       | 3.5        |       | 2.8                                                               |       | 12.0                                                                   |       | 60.8       |       |
| Ration of Earnings to  Fixed Charges                             |       | 23.1       |       | 12.0       |       | 5.7        |       | 4.9                                                               |       |                                                                   |       | 0.9        |       |
| Deficiency in Earnings  Required to Cover Fixed Charges          |       | —     |       | —     |       | —     |       | —                                                            |       | (21.3                                                                  | )          | —     |       |

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(a)   we believe 33% is a reasonable approximation of an appropriateinterest factor for operating leases.

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