FINANCIAL NEWS

Abu Dhabi-backed Virgin Galactic to acquire second craft

26 Sep 2015

(MENAFN) Virgin Galactic is in talks to buy a second aircraft for its fledgling space tourism venture, according to a report by the Flightglobal website.

Richard Branson’s Virgin Galactic, which is backed by Abu Dhabi, plans to take paying members of the public into space in its SpaceShipTwo (SS2) carrier craft.

Over the past 12 months the company has been building and testing a new copy of the SS2 design after the first one crashed during a test flight in California last year, killing one crew member and injuring the other.

The new ‘LauncherOne’ rocket is reportedly capable of lifting up to 200kg to the 600-800km Earth orbits standard for scientific missions, or up to 400kg to lower Earth orbits.

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