China, Pakistan Sign JF-17 Production Agreement; China to Credit Finance Pakistani Fighter Jets

March 8, 2009, Islamabad -- Pakistan and China today signed an agreement for the serial production of 42 JF-17 Thunder jet fighters, which are expected to form the backbone of the Pakistani aerial combat fleet in coming years.

Air Chief Marshal Tanvir Mahmood, the chief of the Pakistan Air Force, said the first squadron of JF-17s would be inducted into his force this year. Though Pakistan is facing a financial crunch, the serial production of the aircraft is being started with the cooperation of the Chinese government, Mahmood said. Pakistan has invested USD 600 million in the JF-17 project.

The agreement for producing the jets was signed at the PAF headquarters by Pakistan Aeronautical Complex Chairman Air Marshal Khalid Chaudhry and M A Zhiping, President of state-run China Aviation Import-Export Corporation.

The ceremony was attended by Mahmood and Chinese Ambassador Luo Zhaohui. Under the agreement, China will provide credit financing for manufacturing the jets. Payments will be made to China in seven years, Mahmood said.

The JF-17 is a lightweight, all-weather, multi-role combat jet developed jointly by Pakistan and China. The Pakistan Air Force has so far received eight JF-17 jets that are being used for testing and evaluation. Mahmood also said that Pakistan would receive its first Airborne Warning and Control System aircraft from China by the end of 2010. (india-defence)

You can leave a response, or trackback from your own site.
Powered by Blogger