FA50, Palace OKs payment scheme for S. Korean fighter jets

MANILA, Philippines – MalacaƱang has approved the payment scheme for the purchase of 12 lead-in fighter trainer jets from South Korea, taking the deal to acquire the air assets a step closer to completion. The defense department has been allowed to make an advance payment of 15 percent of the total contract price to SouthContinue reading “FA50, Palace OKs payment scheme for S. Korean fighter jets”