The Philippines may buy two squadrons of military jets for as much as $1.6 billion, President Benigno Aquino said, as the country pushes to modernize its defenses amid a territorial dispute with China.
The government could buy new training jets for between $400 and $800 million per squadron and upgrade the planes to fighters, Aquino told Bombo Radyo today. The seller would be a “progressive nation” and not the U.S., the Philippines’ main ally, he said. A squadron includes between 16 and 24 jets.
“It may be from Europe, or somewhere nearer,” Aquino told Bombo Radyo. “That’s what the Armed Forces of the Philippines is studying to make it more economical.”