ADVERTISEMENT

Seventh Gripen fighter plane arrives at Hungary’s air base

Initiatives

The seventh Gripen jet fighter out of 14 that Hungary is leasing from Sweden, landed at the Kecskemét military airbase, central Hungary, on Tuesday, the Swedish Defence Procurement Office (FMV) told MTI.

The first five Gripens arrived at Kecskemét in March and the sixth in October. Deliveries for 2006 are fulfilled, director of FMV's Hungarian Gripen program Mats Hansson said. Hungary will receive the last seven of the upgraded NATO-compatible jets by December 2007 under a ten-year lease agreement concluded with the Swedish-British manufacturer Gripen International in 2001. The fighters will be owned by Hungary afterwards.

The 12 single-seat and two double-seat Gripen JAS-39 fighter planes, capable of mid-air refueling, are outfitted with laser-guided missile systems and an on-board oxygen generating system. The total cost of the deal will come to about Ft 210 billion (€798 million) by 2016, including Ft 122 billion (€463 million) to lease the fighters, about Ft 20 billion (€76 million) in interest on loans and about Ft 68 billion (€258 million) for logistics support. (english.mti.hu)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.