Korea Loses to Italy in Israel Jet Bid

      February 17, 2012 12:42

      T-50 (top) and M-346

      Israel has decided to buy M-346 combat training jets from Italy rather than Korea's T-50s, AP reported on Thursday.

      The Israeli Defense Ministry said it will buy 20 to 35 M-346s with a budget of US$1 billion between 2014 and 2016.

      To replace its outdated American A-4 Skyhawks, Israel had considered the Korean aircraft.

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