- Posted December 26, 2013 by
Phl showing might vs China?
Gazmin made this statement following the DND’s submission of its report to the Office of the President recommending the approval of the Korean Aerospace Industries (KAI) request that the Philippines pay 52 percent of the P18.9 billion price of the 12 F/A-50 aircraft, which the country is planning to acquire as its interim fighter planes.
He said that should the Office of the President go ahead with their recommendation, along with the so-called progress billing, the planes will be delivered by June 2015.
Both parties, Gazmin said, have reached a compromise on the delivery of spare parts in 60 days.
Meanwhile, DND undersecretary for finance Fernando Manalo said some major issues have to be resolved first before the country can push through with its acquisition of the F/A-50 jet aircraft.
Manalo said the issues are now in the process of negotiations.
He said these include the turnaround time for spare parts which the Philippines wants 30 to 45 days but which the Korea Aerospace Industries is insisting on 180 days, issue on advance payment with the DND is insisting only on 15 percent but KAI wants 52 percent.
The DND official stressed that the Philippine decision for a less turnaround time for the spare parts is aimed at keeping the jet aircraft flyable at all times.
"We can recommend to the President to grant their request as the money will be used to invest (in the production line) for the aircraft," Manalo stressed.