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interCaribbean acquires 7 additional ATR-42s

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(Barbados TODAY) — interCaribbean Airways announces the closing on the acquisition of seven (7) additional ATR-42s. The 48-seat regional aircraft have been acquired from TAROM, S.A., a long-standing Romanian flag network airline. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES.

Accepting the ATRs from TAROM, Chairman and founder of interCaribbean Airways, Lyndon Gardiner, expressed satisfaction at fulfilling promises to the governments and people of the Caribbean. “We are delighted to introduce these capable aircraft, boldly expanding our capacity and operational flexibility. These aircraft will allow us to implement our commitments to expand in under-served markets, especially in the eastern Caribbean.

interCaribbean will start adding capacity following this transaction closure in time for the summer peak season when travelers within the region take to the skies. interCaribbean has been determined to increase capacity to meet increasing demand for its services since entering the eastern Caribbean during the pandemic. Today interCaribbean is seven steps closer to realizing that goal.

Thanking TAROM for their collaborative approach to the transaction, Chairman Gardiner said interCaribbean will benefit from TAROM’s excellent example in sustainable aviation practices, quality assurance in the airline industry, and timeliness in the delivery of the aircraft. Gardiner said, “Strong partnerships as we have developed with TAROM are very helpful to our growth objectives.”

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The newly received ATRs from TAROM brings the number of ATRs operated by the company to 10. The company intends to retire Embraer 120 aircraft by the end of 2023, positioning these newer and larger airplanes to support the growing regional demand.

With a significant expansion of schedules and routes from its new Barbados hub, interCaribbean reported a first-quarter increase of 83 percent in the number of flights, and a 109 percent increase in seating capacity across its routes.

As the largest privately-owned airline in the Caribbean, interCaribbean has been making significant progress with a uniquely strong focus on the resilient niche demand for intra-regional travel. It is especially responsive to governments, tourism interests, airports, and passenger voices asking for more regional air service.

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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]