Sunday, 23 December 2012

Russia to finance Indonesian purchase of six Flanker fighter aircraft

ussia's Vnesheconombank (VEB) will provide Indonesia a total of $399.5 million in credit to finance purchases of six Russian-made Su-30MK2 Flanker multirole fighter aircraft and related equipment. The equipment will be supplied by Russia's state-run arms export company Rosoboronexport.

The credit will be provided for a seven-year term, Rosoboronexport said. This is the second credit agreement between VEB and Indonesia's finance ministry in the past two years.Earlier, VEB's deputy chief Alexander Ivanov said the group won the Indonesian finance ministry's tender to finance the purchase.The six aircraft will be the second squadron of Su-30MK flankers bought by Indonesia. The aircraft was developed in the late 1990’s and first saw service with the Indian Airforce which has acquired some 50 of the aircraft. It is also in service with China, Malaysia and Algeria.
MK standing for Modernizirovannyi Kommercheskiy ('modified commercial') indicating that this version developed in 1997 was developed especially for the export market.

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