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Virgin Galactic: Sir Richard Branson rockets to the edge of space

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Billionaire Sir Richard Branson successfully reached the edge of space on board his Virgin Galactic rocket plane.

The UK entrepreneur flew high above New Mexico in the US in the vehicle that his company has been developing for 17 years.

The trip was, he said, the “experience of a lifetime”.

He has now returned safely to earth with his crew.

It makes him the first of the space tourism pioneers to reach space, beating Tesla’s Elon Musk and Amazon’s Jeff Bezos.

We await official confirmation of the height reached by Sir Richard, but it appears to have been 85km (282,000ft; 53 miles).

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He was accompanied on the mission by Unity’s two pilots, Dave Mackay and Michael Masucci, and three Galactic employees – Beth Moses, Colin Bennett and Sirisha Bandla.

Sir Richard billed the flight as a test of the space tourism experience he expects to begin selling to customers from next year.

Some 600 individuals have already paid deposits for tickets that will cost them up to $250,000 (£180,000).

These are all people who want to reach a height where they can see the sky turn black and marvel at the Earth’s horizon as it curves away into the distance. Such a flight should also afford them about five minutes of weightlessness during which they will be allowed to float around inside Unity’s cabin.

It’s been a long road for Sir Richard to get to this point. He first announced his intention to make a space plane in 2004, with the belief he could start a commercial service by 2007.

But technical difficulties, including a fatal crash during a development flight in 2014, have made the space project one of the most challenging ventures of his career.

“I’ve wanted to go to space since I was a kid, and I want to enable hopefully hundreds of thousands of other people over the next 100 years to be able to go to space,” Sir Richard told the BBC before Sunday’s flight.

“And why shouldn’t they go to space? Space is extraordinary; the Universe is magnificent. I want people to be able to look back at our beautiful Earth and come home and work very hard to try to do magic to look after it.”

Space tourism is a sector being rekindled after a decade’s hiatus, and it’s about to get very competitive.

Throughout the 2000s, seven wealthy individuals paid to visit the International Space Station (ISS). But this adventurism, organised under the patronage of the Russian space agency, ceased in 2009.

Now, new initiatives abound. As well as Sir Richard’s approach, there are projects coming from Amazon.com founder Jeff Bezos and the California tech entrepreneur Elon Musk.

The Russians, too, are reprising their commercial flights to the ISS, and there are even those who want to launch private space stations for people to visit. Among these is Axiom, a company started by a former Nasa ISS programme manager.

Sir Richard received a message of goodwill from Mr Bezos on Saturday, although there is clearly some edge in their relationship.

A day earlier, Mr Bezos’s Blue Origin space company had issued a tweet that took a pop at Virgin Galactic’s Unity vehicle. The posting repeated a claim that anyone who flew on the rocket plane would forever have an asterisk by their name because they wouldn’t reach the “internationally recognised” altitude for where space begins – the so-called Kármán line of 100km.

The US government, however, has always recognised the boundary of space to be at about 80km (50 miles) and it awards astronaut wings to anyone who exceeds this altitude. Before Sunday, only 580 people had ever been above this height.

Unity is a sub-orbital vehicle. This means it can’t achieve the velocity and altitude necessary to keep it up in space to circle the globe.

The vehicle is designed to give its passengers stunning views at the top of its climb and allow them a few minutes to experience weightlessness.

Unity is first carried by a much bigger aeroplane to an altitude of about 15km (50,000ft), where it is released.

A rocket motor in the back of Unity then ignites to blast the ship skyward.

The maximum height achievable by Unity is roughly 90km (55 miles, or 295,000ft). Passengers are allowed to unbuckle to float to a window.

Unity folds its tail booms on descent to stabilise its fall before then gliding home.

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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]