Philippines: No consensus yet on KAI FA-50 purchase

The Philippines and South Korean firm Korean Aerospace Industries (KAI) are still hurdling issues related to the military’s plan to buy 12 KAI FA-50 to South Korea.
Among the issues to be threshed out is the advance payment to be given to KAI.
KAI wants the Philippines to pay a 52 percent down payment.
Another issue being threshed out is the turnaround time, the period required for the delivery of the jets’ spare parts under a two-year warranty.
The government plans to acquire 12 FA-50 jets from South Korea to boost the territorial defense capabilities of the Air Force. The negotiations with KAI started last July.
philstar