Share this on:
 E-mail
12
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view omeroscar's profile
    Posted December 26, 2013 by
    omeroscar
    Location
    Manila

    More from omeroscar

    Phl showing might vs China?

     
    IN the midst of China’s continued threat to possess the islands surrounding the West Philippine Sea, Department of National Defense (DND) Secretary Voltaire Gazmin on Thursday said the government’s decision to acquire South Korea's F/A-50 jet aircraft is still in place.
    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.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story