Egypt is nearing a deal with Korea Aerospace Industries (KAI) to buy FA-50 “Golden Eagle” light combat and advanced training aircraft, South Korea’s Yonhap news agency reports. The potential contract includes technology transfer so Egypt can manufacture the Korean aircraft at the Helwan factory, which is part of the Arab Organization for Industrialization (AOI). The Arab Organization for Industrialization says the partnership aims to fulfil the Egyptian military’s needs and also allows for export to African and Arab countries. KAI’s chairman confirmed the Egypt negotiations last year, saying Egypt is likely to choose the company’s bid for its tender. KAI hopes to help Egypt become a regional centre for manufacturing, exporting, and servicing “Golden Eagle” aircraft in Africa and the Middle East.

Source: Daily News Egypt May 01, 2024 14:12 UTC