The Sri Lankan Cabinet last month approved the payment of US$ 6 million to China National Aero Technology Import and Export Company (CATIC) for the overhaul deal. It came on a recommendation made by President Mahinda Rajapaksa, who is Minister of Defence.
CATIC has said the brand new price offered for K-8 combat aircraft including HUD/MFD modification in 2008 was US $ 2.7 million each. According to them, the overhauled aircraft would also have the same flying lifetime of a brand new K -8 aircraft.
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