Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Turkey signs deal to buy 20 Eurofighters from Britain for 8 billion pounds
    Headlines

    Turkey signs deal to buy 20 Eurofighters from Britain for 8 billion pounds

    Turkey signs deal to buy 20 Eurofighters from Britain for 8 billion pounds

    Published by Global Banking and Finance Review

    Posted on October 27, 2025

    Featured image for article about Headlines

    By Ece Toksabay

    ANKARA (Reuters) -Turkey agreed to buy 20 new Eurofighter Typhoons from Britain for 8 billion pounds ($10.7 billion) on Monday, deepening the NATO allies' ties and bolstering Turkish air defences, as Ankara said it was also seeking 24 more jets from Gulf states.

    British Prime Minister Keir Starmer, on his first visit to Turkey since taking office last year, signed the deal with President Tayyip Erdogan and called it a "landmark moment". Erdogan said joint defence industry projects could follow.

    The deal, which some analysts called expensive, comes as Turkey seeks to leverage the advanced warplanes to make up ground with regional rivals such as Israel, which has unleashed strikes across the Middle East this year.

    Europe meanwhile has increasingly turned to Turkey, NATO's second-largest military and a major exporter of armed drones, to reinforce its eastern flank and potentially backstop any future post-war stabilisation force in Ukraine.

    PLANS FOR 24 MORE FROM OMAN AND QATAR

    Separately, the defence ministry said Turkey plans to buy 12 more Typhoons each from Oman and Qatar.

    Last week, citing a person familiar with the matter, Reuters reported that Turkey was nearing a deal in which it would promptly receive 12 Typhoons, albeit lightly used, from Oman and Qatar to meet its immediate needs, with more new jets coming from Britain in future years.

    London said Ankara would receive the first of the batch of 20 Typhoons in 2030. Starmer said the deal, for which talks began in 2023, included an option to buy more.

    Istanbul-based security and defence analyst Burak Yildirim called the 8-billion-pound price tag "outrageously high" and "unprecedented", even if it includes options, ammunition, spare parts and training.

    "They're selling planes at frigate prices," Yildirim said. "This agreement is outright fraud. You can't have a combat jet for 400 million pounds; they’re selling one plane for the price of four."

    The sides did not give details on what, beyond the planes, was included in the deal.

    FILLING GAPS IN TURKEY'S FLEET

    In July, Turkey and Britain had signed a preliminary purchase deal for up to 40 Typhoons approved by Eurofighter consortium members including Germany, Italy and Spain, represented by Airbus, BAE Systems and Leonardo.

    Last week, Erdogan visited Qatar and Oman in part to discuss the plan.

    Turkey, enjoying its warmest ties with the West in years, has sought to procure the Eurofighters and also potentially U.S.-made F-35s to backstop its ageing fleet of mostly F-16s.

    It wants to fill a gap before its own KAAN fighters are ready in coming years, and last year it secured a $7-billion deal with Washington for 40 F-16s that have faced delays.

    Air attacks by Israel - the region's most advanced military power with hundreds of U.S.-supplied F-15, F-16 and F-35 fighters - on Turkey's neighbours Iran and Syria, as well as on Lebanon and Qatar, have unnerved Ankara over the past year and persuaded it to revamp its defences, officials said.

    ($1 = 0.7451 pounds)

    (Additional reporting by Alistair Smout in London and Ezgi Erkoyun in Istanbul; Writing by Jonathan Spicer; Editing by Gareth Jones and Andrew Heavens)

    Related Posts
    EU countries approve year-long delay to deforestation law
    EU countries approve year-long delay to deforestation law
    Italy economy minister backs MPS CEO Lovaglio after probe
    Italy economy minister backs MPS CEO Lovaglio after probe
    Italian judge drops Genoa dam case against Webuild CEO
    Italian judge drops Genoa dam case against Webuild CEO
    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon
    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon
    Searches under way in probe involving French Culture Minister Dati
    Searches under way in probe involving French Culture Minister Dati
    Finland's far-right party reprimands two MPs over racism scandal
    Finland's far-right party reprimands two MPs over racism scandal
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme
    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme
    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'
    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'
    Israel, Germany sign $3.1 billion contract to expand Arrow air defence system
    Israel, Germany sign $3.1 billion contract to expand Arrow air defence system
    Britain imposes more sanctions on Russia's energy sector
    Britain imposes more sanctions on Russia's energy sector
    Asked about NATO, Zelenskiy says Ukraine should not change its constitution
    Asked about NATO, Zelenskiy says Ukraine should not change its constitution

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostVW's Lies urges quick diplomatic solution to Nexperia dispute
    Next Headlines PostBeijing, Berlin downplay tension after German foreign minister cancels China trip

    More from Headlines

    Explore more articles in the Headlines category

    EU leaders to propose Ukraine reparations loan using Russia's frozen assets under conditions - draft document

    EU leaders to propose Ukraine reparations loan using Russia's frozen assets under conditions - draft document

    France drafts in army for cattle vaccination to defuse farmer protests

    France drafts in army for cattle vaccination to defuse farmer protests

    Belarus has deployed Russia's Oreshnik missile, Lukashenko says

    Belarus has deployed Russia's Oreshnik missile, Lukashenko says

    Russia has equipped a brigade with new Oreshnik missiles, TASS quotes top general as saying

    Russia has equipped a brigade with new Oreshnik missiles, TASS quotes top general as saying

    Exclusive-Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    Exclusive-Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    Belgian farmers in anti-trade protest clash with police

    Belgian farmers in anti-trade protest clash with police

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    Putin's spymaster spoke by phone with new MI6 chief, TASS reports

    Putin's spymaster spoke by phone with new MI6 chief, TASS reports

    UK pauses trials of Ajax in new setback for army fighting vehicle

    UK pauses trials of Ajax in new setback for army fighting vehicle

    Germany signs $2.35 billion armoured vehicle deal with Finland's Patria

    Germany signs $2.35 billion armoured vehicle deal with Finland's Patria

    Russia jails man for 22 years for blowing up trains in Siberia at Ukraine's behest

    Russia jails man for 22 years for blowing up trains in Siberia at Ukraine's behest

    Lasers turn back time on Rome’s Column of Marcus Aurelius

    Lasers turn back time on Rome’s Column of Marcus Aurelius

    View All Headlines Posts