You also have to remember that Chilie couldn’t get financing for the F-16’s for it’s airforce so where is all this money coming from? Cooper can’t be the only thing providing it’s income!
When negotiation began, regarding the F-16, Chile asked for a international credit which was given due to the good economical situation in Chile. But then, in the last 3-4 years the Cooper price has been growing.
As many of you may know up to know the Chilean armed forces recive a % of the sales of the Cooper in Chile.
Normaly the amount they recived was always at the min established (US $250 Million). But with the increase in the price the Chilean armed forces recivedd this year US $750 Million, which let them with a surplus of US $ 500 Million.
Those US $500 Million have been invested in anticipaing the payback of the F-16 credit & made able to adquire so much new equipment in such a short period.
Chile is not arming up, it is merly replacing old equipment.
The F-16 will replace the Dragonflys, the Fregatts the County & Leanders,…. .
Not only Chile in in need of such a replacement. Argentina needs to change there Mirages as well, Peru ,…. all have to modernice (Venezuela is already doing).
So if any other nation with old equipment would get the money, wouldn´t they get new equipment as well?
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