Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

10 Contemporary African Photographers to Know Now, from Malick Sidibé to Hassan Hajjaj.

December 16, 2025

IGC chair Elisabeth Scott on India's 'growth, growth, growth' story

December 16, 2025

Korea Zinc Unveils US$7.4 Billion Plan for First US Zinc Smelter in Decades

December 16, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Economy
Economy

Greece approves purchase of seven firefighting planes from Canada By Reuters

News RoomBy News RoomMarch 23, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

© 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)

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Links 10/15/2025 | naked capitalism

Starmer’s Complete Destruction Of What Was Once Great Britain

Prevalent Poverty Amid Robust Consumer Spending

Orban Accuses Zelensky Of Moral Blackmail

Disparity between high- and low-income earners’ views of economy is shocking

AI: Is it Really Different this Time?

The Magic of Tokyo (with Joe McReynolds)

An Intuition Test – Econlib

Constitutional Reform in Jamaica: Sentiment or Substance?

Recent Posts
  • 10 Contemporary African Photographers to Know Now, from Malick Sidibé to Hassan Hajjaj.
  • IGC chair Elisabeth Scott on India's 'growth, growth, growth' story
  • Korea Zinc Unveils US$7.4 Billion Plan for First US Zinc Smelter in Decades
  • Dow Transports are stock-market leaders now. Here’s what that means for investors.
  • Art Fund awards £1.2m to 29 UK museums to support ‘innovative’ projects – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

IGC chair Elisabeth Scott on India's 'growth, growth, growth' story

December 16, 2025

Korea Zinc Unveils US$7.4 Billion Plan for First US Zinc Smelter in Decades

December 16, 2025

Dow Transports are stock-market leaders now. Here’s what that means for investors.

December 16, 2025

Art Fund awards £1.2m to 29 UK museums to support ‘innovative’ projects – The Art Newspaper

December 16, 2025

Six Swiss Syrah to convert the most die-hard Rhône lover

December 16, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.