This paper proposes a novel compression scheme with a tunable complexity-ratedistortion trade-off. As images increase in size and resolution, more efficient compression schemes with low complexity are required on-board Earth observation satellites. The standard of the Consultative Committee for Space Data Systems (CCSDS) defines a strip-based compression scheme with the advantages of a low complexity and an easy rate control [1]. However, future mission specifications expect higher performance in terms of rate-distortion. The scheme proposed in this paper intends to perform better than the CCSDS standard while preserving low complexity and easy rate control. Moreover, to comply with existing on-board devices, the proposed core compression engine still uses the wavelet transform but in association with a linear post-processing inspired from the bandelet transform. The post-transform decomposes a small block of wavelet coefficients on a particular basis. This basis is adaptively sele...