Eurofighter airborne with EUR 16bn cash boost

22nd March 2005, Comments 0 comments

22 March 2005, MADRID–Spain and three other European countries developing the Eurofighter have unveiled a 16-billion-euro cash boost for the project.

22 March 2005

MADRID–Spain and three other European countries developing the Eurofighter have unveiled a 16-billion-euro cash boost for the project.

Spanish Defence Minister Jose Bono made the announcement after brief talks with British counterpart Geoff Hoon, Germany's Peter Struck and Italy's Antonio Martino, explaining that the cash would be used to upgrade the existing model.

The Spanish ministry added that efforts were in the pipeline to sell the aircraft to other states, including around 20 to Austria.

"Advanced" talks were under way for sales to Greece, Singapore, Switzerland and Turkey.

The four partner countries have thus far agreed to buy 620 of the planes, with an option for 90 more, and the first jets have already been delivered.

However, in late 2003, five planes which were to become part of Britain's Royal Air Force were temporarily grounded because of technical problems, the RAF revealed at the time, citing electrical landing gear problems.

In the wake of that setback, the aircraft, which cost EUR 81 million each, were slammed as outdated Cold War relics.

[Copyright EFE with Expatica]

Subject: Spanish news

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