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Antigua records bumper season for corporate jets

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By Makeda Mikael

Antigua recorded a bumper season for corporate jets over the past month as the 1% of the world’s rich converged on the Caribbean with their mega yachts and following service boats with helicopter, sea toys and crew quarters, and their jets parked in Antigua.

Photos show St. Bart’s almost hidden from view by the myriad of high-end luxury yachts surrounding the island. Antigua and St. Vincent also had their share of yachts, but Runway 10, V.C. Bird International Airport was clearly the the Caribbean’s parking lot of corporate aircraft.

When one considers that just 20 years ago Runway 10″was a derelict and Dis-Used airport runway where contraband was traded in the dark, a backyard dump of rubble from Castle Harbour Hotel through which trees grew blocking out the fantastic view of the sea and Jumby Bay island beyond Barnacle Point.

Today, Runway 10 Parking ramp also referred to a ramp E, although in desperate need of repair, was crammed with visiting aircraft from UK, Europe, U.S.and Latin America, some of which countries were not permitted to park on some of the other islands.

With the continued surges of the virus in the first and second world countries the rich, famous and Royal personages in their yachts are dropping anchor around the islands and homing at their Caribbean holiday homes and settling in for a longer stay this year.

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The reports are that sales are on the rise for corporate aircraft and fractional ownership is moving up to individual ownership, creating new possibilities for more corporate movements around the world at all levels and types and sizes of of bizjets.

That Antigua is at a crossroads for expansion in corporate aviation was clearly exhibited this winter season, where parking on Bird Airport was close and must be expanded in recognition of Antigua being in the lead, with the first Full Service FBO in the Eastern Caribbean and the only 30,000 sq.ft. mega-hangar specifically built for corporate hangarage.

Plans are afoot to implement aspects of the development plans which have been on the table for several years including extra parking for the expected increase in hosting the region’s bizjet-to-yacht fleet of heavy metal.

It important to note that although one FBO is expatriate owned it was originally pioneered by locals and staffed with experienced Linesmen and Customer Service Representatives who are all Antiguan. Often the local initiative is overlooked because of an international name but it is usually the workers who make the name of any business, and a business is as good as its workers.

Antigua & Barbuda has been the haunt of the rich and famous with the advent of Mill  Reef Club in latter part of the 1940s post W11 when war weary rich Americans chose Antigua over the other islands of the Caribbean for a holiday home away from the U.S. and Antigua was near enough to fly directly home.

With Mill Reef came PANAM, pioneering aviation in Antigua, and with Mill Reef came Corporate Aviation when the Flight Department of the Paul Melon aircraft in 1999 wrote to the Government of Antigua & Barbuda endorsing the need to support a locally owned Full Service FBO.

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2 responses to “Antigua records bumper season for corporate jets”

  1. Many centuries ago, these 1 percent rich were actually the 1 percent poor who came to our lands with their death, destruction and domination. Now centuries later history repeats itself. What does the 1 percent rich want with our land? They know the value of our land that’s why, and sadly we don’t.

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]