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, GREGORY J. CLARK, 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.

SIGNATURES TITLE DATE
---------- ----- ----

/s/ BERNARD L. SCHWARTZ Chairman of the Board, Chief
------------------------------------------------ Executive Officer (Principal
Bernard L. Schwartz Executive Officer) April 27, 1998

Director
------------------------------------------------
Howard Gittis April 27, 1998

/s/ ROBERT B. HODES Director
------------------------------------------------
Robert B. Hodes April 27, 1998

/s/ GERSHON KEKST Director
------------------------------------------------
Gershon Kekst April 27, 1998

/s/ CHARLES LAZARUS Director
------------------------------------------------
Charles Lazarus April 27, 1998

/s/ MALVIN A. RUDERMAN Director
------------------------------------------------
Malvin A. Ruderman April 27, 1998

/s/ E. DONALD SHAPIRO Director
------------------------------------------------
E. Donald Shapiro April 27, 1998

/s/ ARTHUR L. SIMON Director
------------------------------------------------
Arthur L. Simon April 27, 1998

/s/ DANIEL YANKELOVICH Director
------------------------------------------------
Daniel Yankelovich April 27, 1998

/s/ MICHAEL P. DEBLASIO First Senior Vice President and
------------------------------------------------ Chief Financial Officer (Principal
Michael P. DeBlasio Financial Officer) April 27, 1998

/s/ HARVEY B. REIN Vice President and Controller
------------------------------------------------ (Principal Accounting Officer)
Harvey B. Rein April 27, 1998