|Quoting KC135TopBoom (Reply 1):
Quoting Lumberton (Thread starter):
The official said Russia was proposing to take back the MiG-29 jets, which were delivered to Algeria in 2006 and 2007, but only if Algeria bought more modern and expensive planes such as the MiG-29M2 or the MiG-35.
Russia to Algeria: We'll take back those lemons as a trade in on these newer lemons.
It seems the Russians are getting their way, and making a killing on even more expensive Su-30 MKAs.....
"Algeria has filed a request with Russia's Rosoboronexport arms agency for a further batch of 14-16 Sukhoi Su-30MKA multirole fighters, while also demanding that Moscow compensate it for an initial $250 million payment linked to its cancelled $1.3 billion deal for 36 RSK MiG-29s."
|Quoting Wvsuperhornet (Reply 15):
I feel sorry for Algeria I hope they can get at least some of their money back.
It's possible they wouldn't see that money back, as it would most likely go towards progress payments for the Su-30MKAs still being delivered, or an advance for the 14-16 additional frames ordered. At least there's a good chance of them getting their money's worth on those.
The more intriguing matters are the $4.7B
debt condonation and access to natural gas reserves quoted in Reply 12.
Incidentally, they're getting a new AF1.....
At least the French didn't go home empty handed.
[Edited 2008-05-26 07:36:12]