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, Richard Townsend, 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
this Registration Statement on Form S-4 covering the Senior Notes due 2006 of
Loral Space & Communications Ltd. and 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.

SIGNATURE TITLE DATE
--------- ----- ----

/s/ BERNARD L. SCHWARTZ Chairman of the Board, Chief March 30, 1999
- ------------------------------------------------ Executive Officer and Director
Bernard L. Schwartz (Principal Executive Officer)

/s/ HOWARD GITTIS Director March 30, 1999
- ------------------------------------------------
Howard Gittis

/s/ ROBERT B. HODES Director March 30, 1999
- ------------------------------------------------
Robert B. Hodes

/s/ GERSHON KEKST Director March 30, 1999
- ------------------------------------------------
Gershon Kekst

/s/ CHARLES LAZARUS Director March 30, 1999
- ------------------------------------------------
Charles Lazarus

/s/ MALVIN A. RUDERMAN Director March 30, 1999
- ------------------------------------------------
Malvin A. Ruderman

/s/ E. DONALD SHAPIRO Director March 30, 1999
- ------------------------------------------------
E. Donald Shapiro

/s/ ARTHUR L. SIMON Director March 30, 1999
- ------------------------------------------------
Arthur L. Simon

/s/ DANIEL YANKELOVICH Director March 30, 1999
- ------------------------------------------------
Daniel Yankelovich

/s/ RICHARD J. TOWNSEND Senior Vice President and Chief March 30, 1999
- ------------------------------------------------ Financial Officer (Principal
Richard J. Townsend Financial Officer)

/s/ HARVEY B. REIN Vice President and Controller March 30, 1999
- ------------------------------------------------ (Principal Accounting Officer)
Harvey B. Rein