Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Greece approves purchase of seven firefighting planes from Canada

Published 21/03/2024, 18:07
Updated 21/03/2024, 18:10
© Reuters. FILE PHOTO: A firefighting plane makes a water drop near the village of Provatonas in the region of Evros, Greece, September 3, 2023. REUTERS/Alexandros Avramidis/File Photo

ATHENS (Reuters) - Greece on Thursday approved the purchase of seven firefighting aircraft from Canada to bolster its defences against wildfires, which have ravaged the country in recent years.

The deal passed by Parliament is to buy seven DHC-515 aircraft from the Canadian Commercial Corp for 361 million euros ($392 million).

The aircraft, purchased as part of a revamp of Greece's ageing fleet, will be delivered between 2027 and 2030, according to the agreement. The new aircraft can carry bigger quantities of water to dump on affected areas compared with the country's Canadair fleet, and fly for longer.

Two of the jets will be part of an EU RescEU reserve programme, which means that Greece can lend them to other EU countries in emergencies.

Summer wildfires have long been common in Greece, but rising temperatures and drought have made them more frequent and bigger and raised questions about the government's ability to stem the damage.

Fires last year destroyed tens of thousands of hectares of land in the northeast. The deadliest blaze on record killed 104 people outside Athens in 2018.

The purchase of the aircraft is part of a 2.1 billion-euro-scheme, mostly funded by the EU, under which Greece will receive firefighting equipment including drones, fire detectors, fire engines and meteorological stations.

($1 = 0.9217 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.