Well its not loan, when President Musharraf (the honorable , who happened to oust some radicals during his time) , was in power
Allah bhalla kare ...
Economy was doing fantastic and we had surplus of billion and billions of dollars
So he had paid for 36 J10B fighters, from the money.
So that order was paid in 2006
Obviously paper work was done around 2007-2008 but the money was paid already.
So we have a set deadline for 2014 to receive our fighter planes, and we had an option for another 100 J10B fighters
Now the soft loan was actually proposed for purchase of the Submarines 6 submarines from China brand new I might add that is what Indian fans are confused about.
So the deal is for 36 J10 (A) with enhanced requirements (FC-20) as we know its called also known as J10B.
But just like the F16 C/D package we have a OPTIONS CLAUSE , for extra 100 planes depending on mood of our Air-force.
J10B is a wonderful bench mark in Chinese Aviation and we are really proud to have 36 planes plus option for 100 more fighters to form backbone of our airforce
RECAP: 2015
80 F16 C/D
300 JF17 (Block 1 , Block 2 )
36 J10B (FC-20) - option of 100 more a counter to MRCA 2016-2018
180 Mirage
190 F-7
Note the 100 more J10B are mean for arrival as an option and that would help retire older Mirage/ F7 brand from airforce
But my thought is that India and Pakistan might come to light around 2017 and settle Kashmir issue once they see there is political deadlock
