Argentina’s state-run Fábrica Argentina de Aviones SA (FAdeA) is at risk of losing its government funding due to a lack of success commercialising its products, sources told Jane’s .
The company has struggled to manufacture its flagship aircraft, the IA-63 Pampa III, for the Argentin Air Force (AAF), which in turn lacks resources to buy aircraft on contract. Recent negotiations with regional neighbours have not resulted in sales, and the only major customers for FAdeA are the AAF and a contract to supply parts for Embraer’s KC-390 aircraft.
A FAdeA source said the government “reminded” the firm that it must start booking sales or be re-structured.
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