Late last week, Romanian defense minister Mircea Dusa signed the contract for a €600 million ($817 million) deal to acquire 12 Lockheed Martin F-16AM/BM fighters from Portugal. An initial installment was paid at the same time. The acquisition of F-16s will finally allow Romania to operate NATO-compatible aircraft, and also brings to an end a long-running saga to provide a replacement for the dwindling LanceR fleet of upgraded MiG-21s.
At the Paris Air Show this week, Viking Air sold four Twin Otter Series 400s to Aerostar Leasing and an another seven to existing customer Vityaz Avia of Russia. The combined deals are worth approximately $70 million.