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Article: NEW ZEALAND DECIDES TO LEASE F-16s, MODERNIZE ARMY By.

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Defense Daily
Article date:
December 2, 1998
Author:
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The New Zealand government yesterday announced several decisions on key military modernization programs yesterday, including leasing 28 F-16 fighters from the United States that were originally built for Pakistan but never delivered.

New Zealand also decided not to buy a third ANZAC frigate as earlier planned, while maintaining the New Zealand army's $260 million re-equipment program and accelerating modifications to the HMNZS Charles Upham military sea-lift ship.

While final negotiations have yet to be completed, the aircraft would be leased at an average cost of $6.6 million for an intended 10 years, after which New Zealand would buy the aircraft. U.S. ...

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