Al-Ahed Telegram
Global Donors to Seek More Than $6 bln for Syrian Aid Baqeri: Iran Vows No Submission As Navy Chiefs Meet In Tehran We Should Be Skeptical Of Those Who Claim To Know the Events in Syria Trump’s 2019 Nightmare: Why losing the House would be a personal disaster for Donald Trump Air India Plane’s Window Panel Falls Off Amid Turbulence Lavrov: Missile Attacks on Syria to Hinder OPCW Probe Watch the World’s Youngest Reporter from Nabi Saleh, Occupied Palestine! Iraqi Shrine Tablets Offer Blessings, Cures and a Living ’Israeli’ Ministry Gears Up For US Embassy Move Story Told: German Reporter Cites Locals Narrating How Douma Incident Was a False Flag Attack Sayyed Nasrallah: Every weapon carried by a #Christian in the villages of the northern #Bekaa is that of #resistance because it’s carried to protect his country Sayyed #Nasrallah: This #Resistance has liberated the country and contributed to protecting #Lebanon against the Zionist enemy and occupation Sayyed #Nasrallah: The golden equation protects #Lebanon in light of what is happening in the region Sayyed #Nasrallah: We encourage the residents of Beirut and the suburbs to return to their villages and this has nothing to do with demographic change Sayyed #Nasrallah: #Hezbollah is keen on the national fabric and avoiding sensitivities Sayyed #Nasrallah: We are keen on living together, and communicating with municipalities, elites and political forces Sayyed #Nasrallah: Allegations that #Hezbollah seeks demographic changes are ridiculous and incendiary Sayyed #Nasrallah: We want true partnership between #Muslims and #Christians Sayyed #Nasrallah: #Resistance is a source of strength and protection for #Lebanon. It’s not acceptable to say that it’s a source of threat Sayyed #Nasrallah: We, as #Lebanese, must be always governed by the principle of partnership and cooperation
Guestbook mailinglist.php arabic site french site spanish site facebook twitter rss page
News Categories » NEWS » Europe » United Kingdom

Decrease Font Size Increase Font Size  Print Page
UK Eyeing $2bn Aircraft Deal With Malaysia
Local Editor

British weapons manufacturer BAE Systems says it has offered Malaysia a $2 billion financing deal backed by the UK government, in a bid to convince the Southeast Asian country to replace its ageing combat aircraft with British-made ones.

BAE aircraft

BAE, part of a European consortium that makes the advanced Eurofighter Typhoon jets, is hoping that Malaysian officials would accept the deal, as they are planning to buy up to 18 aircraft to replace the country's most-grounded Russian Mikoyan MiG-29s, Reuters reported Tuesday.

The French company Dassault Aviation has also come forward with a competing deal to provide Kuala Lumpur with Rafale fighter jets. In fact, the French option was to make the deal more lucrative, Alan Garwood, the Group Business Development Director for BAE Systems, said the company was willing to throw in training and local partnership while guaranteeing "lots of jobs."

"We have an offer on the table...It's competitively priced and we have offered UK government financing so the Malaysian government can spread the payment over a longer period," Garwood said in an interview in the Malaysian capital.

The government of Prime Minister Theresa May has accepted to fund the deal through the UK Export Finance export credit agency.

The contest, which is one of the biggest aircraft contracts under consideration in Asia, has been delayed due to upcoming national elections in Malaysia and the country's focus towards stepping up its aerial surveillance capabilities.

BAE, which leads the marketing campaign for Typhoons, jointly built with Italy's Leonardo and France-based Airbus, expects Malaysia to make a decision after the elections, which must be held by August.

"I sense there is an appetite to move forward in the next couple of years," BAE Systems Malaysia & Southeast Asia managing director John Brosnan said.

The deal is of special importance to both London and BAE Systems.

While the company looks to expand its Asian market to countries beyond the Persian Gulf region, May's government needs to secure as many such deals as it can in order to keep the British economy thriving after its pending withdrawal from the European Union.

Source: News Agencies, Edited by website team

13-02-2018 | 15:16

Comment Title
Human Verification

News Coverage

Related News

To Top