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Thursday, January 31, 2013

KAI, Philippines to enter final negotiations for 12 FA-50s

F/A-50 Golden Eagle |Korea Aerospace Industries and the Philippines will soon commence final negotiations for the purchase of 12 FA-50 fighter aircraft.

A source close to the deal tells Flightglobal that negotiations will commence in February. The source expects negotiations to last for six months. If discussions are successful, Manila could receive its first FA-50s in 2015.

The source's comments came after Philippine media reports quoted presidential spokesman Edwin Lacierda as saying that Manila will move forward with negotiations for the 12 aircraft.

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