EXHIBIT 24

POWER OF ATTORNEY

Each of the undersigned officers and directors of Loral Space &
Communications Ltd. hereby severally constitutes and appoints Bernard L.
Schwartz, Michael B. Targoff, Michael P. DeBlasio, Eric J. Zahler, Nicholas C.
Moren and Harvey B. Rein, and each of them as the attorneys-in-fact for the
undersigned, in any and all capacities, with full power of substitution, to sign
any and all pre- or post-effective amendments to this Registration Statement,
any subsequent Registration Statement for the same offering which may be filed
pursuant to Rule 462(b) under the Securities Act of 1933 and any and all pre- or
post-effective amendments thereto, and to file the same with exhibits thereto
and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact, and each of them, full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that each said attorney-in-fact, or either of them, may lawfully do or cause to
be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

NAME TITLE DATE
- ------------------------------------------ --------------------------------------- ---------------

/s/ BERNARD L. SCHWARTZ Chairman of the Board, Chief Executive April 30, 1997
- ------------------------------------------ Officer and Director (Principal
Bernard L. Schwartz Executive Officer)

/s/ HOWARD GITTIS Director April 30, 1997
- ------------------------------------------
Howard Gittis

/s/ ROBERT B. HODES Director April 30, 1997
- ------------------------------------------
Robert B. Hodes

/s/ GERSHON KEKST Director April 30, 1997
- ------------------------------------------
Gershon Kekst

/s/ CHARLES LAZARUS Director April 30, 1997
- ------------------------------------------
Charles Lazarus
/s/ MALVIN A. RUDERMAN Director April 30, 1997
- ------------------------------------------
Malvin A. Ruderman

/s/ E. DONALD SHAPIRO Director April 30, 1997
- ------------------------------------------
E. Donald Shapiro

/s/ ARTHUR L. SIMON Director April 30, 1997
- ------------------------------------------
Arthur L. Simon

/s/ THOMAS J. STANTON, JR. Director April 30, 1997
- ------------------------------------------
Thomas J. Stanton, Jr.

/s/ DANIEL YANKELOVICH Director April 30, 1997
- ------------------------------------------
Daniel Yankelovich

/s/ MICHAEL P. DEBLASIO Senior Vice President and Chief April 30, 1997
- ------------------------------------------ Financial Officer (Principal Financial
Michael P. DeBlasio Officer)

/s/ HARVEY B. REIN Vice President and Controller April 30, 1997
- ------------------------------------------ (Principal Accounting Officer)
Harvey B. Rein