Israel buying trainer jets from Italy

2012-02-16 21:06

kalahari.com

Jerusalem - Israel is to buy advanced combat training jets from an Italian company as part of a defence-offset package deal valued at around $2bn, the defence ministry said on Thursday.

The decision, which must be approved by the Israeli government, will see the the Israel Air Force (IAF) buying 30 advanced M-346 combat training jets from Italy's Alenia Aermacchi in a deal valued at $1bn, which will also include training.

"In return, the Italian government has agreed to offset purchases from the Israeli defence industries to the tune of $1 billion," the statement said.

"This huge deal with the Italian government will enable us to replace the Skyhawk jets which have served the training apparatus of the IAF for 40 years," said Udi Shani, director general of the defence ministry.

"This offset deal is extremely important due to the current harsh budgetary reality in which the defence establishment is operating," the statement quoted him as saying.

Italy had been competing with South Korea to secure the lucrative deal, but the ministry found that the Italian offer was "preferable in terms of the IAF's needs and requirements," it said.

Alenia Aermacchi is a subsidiary of the Italian aerospace and defence group Finmeccanica.

- SAPA
Read more on:    italy  |  israel
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Fashion
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

It may feel like you are treading water and going nowhere fast. You may want to get off the merry go round. By pushing yourself...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.