These news were rather unexpected. Serbia is going to receive 6 MiG-29 and 12 Buk (2 divisions) for free, and will only have to pay for the modernization. The scheme is similar to that reached with Russia.
MiG-29BM from Belarus (airliners.net).
Belarus offers a Fulcrum modernisation, MiG-29BM. It is not as thorough as the ones offered by RSK MiG, but does provide significant improvements (R-77 capability). According to analist Svetozar Jokanovic, all the aircraft will be modernised in Serbia with the help of Russian technicians. Ideally all the Fulcrum should correspond to a unique variant to simplify maintenance.
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