skip to main content
|

Financial News

Monday October 19, 10:31 AM
Libya to buy Russian fighter jets: report

Photo
Click to enlarge photo

MOSCOW (AFP) - Libya is planning to buy more than 20 Russian fighter jets in a billion-dollar arms deal with Moscow, the Interfax news agency reported on Monday, citing a military-diplomatic source.

"Libya is planning to buy 12 to 15 Su-35 multipurpose fighters, four Su-30s and six Yak-130 combat training planes from Russia," the unnamed source was quoted as saying.

The contracts could be signed at the end of this year or the beginning of 2010 and would have a total value of about one billion dollars (670 million euros), he said.

"Many of the contracts are already fairly well worked out from a technical viewpoint and are practically ready for signing. The financial aspects still need to be resolved," the source told Interfax.

A spokesman for Rosoboronexport, the state-owned arms exporter that oversees Russia's foreign arms sales, could not be reached for comment on Monday.

Libya, a longtime pariah state that has moved to rejoin the international community in recent years, was reported to be discussing arms deals with Russia when Libyan leader Moamer Kadhafi visited Moscow late last year.

Much of the North African state's arsenal was purchased from the Soviet Union in the last years of the Cold War.

Earlier this month a Russian MiG-23 fighter jet crashed during an air show in a suburb of the Libyan capital Tripoli, killing the two-man crew and injuring several people on the ground.

The air show had been meant to showcase Russian fighter jets for possible customers in North Africa.

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : Britain fails to exit recession: official data ( )
  Next article : New York oil price hits 12-month high of $75 ( )
Yahoo! Finance : US Markets Focus
Yahoo! Finance : Yahoo! Finance - Aerospace and Defense Sector
  Previous article : EADS accuses Pentagon of favoring Boeing in tanker battle ( )
  Next article : Spain to grant 359 mln euros to A350 subcontractors ( )
Yahoo! Finance : US Markets Focus
Full Coverage : Headline News

AFP logo

FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble Penfold Speaks to the Treasury
Speach bubble Lobbying
Speach bubble The day is near, so beware you Sinners
Speach bubble BTL Lending Profits
Speach bubble Oct Mortgages Flat


Archives of

Copyright © 2009 AFP AFP. All rights reserved.