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Korea and Spain are in talks to hold a joint committee meeting for a possible swap deal involving trainer jets and cargo planes this month, local media reported.

According to government sources, Sunday, officials are on track to hold a planned joint military defense committee meeting between the defense forces of Korea and Spain in Madrid in the middle of this month.

 תוצאת תמונה עבור ‪a400M‬‏

The sources said the agenda is not finalized but there is a possibility it will be decided sooner and its schedule finalized by this week.

Military and defense industry officials say the subject will likely be a swap deal for Korea's trainer and cargo aircraft.

Korea Aerospace Industries (KAI), the nation's largest private defense company, is competing with a Swiss company to win a deal to supply trainer jets to Spain's air forces. The Korean Air Force, meanwhile, is known to be considering Spain's Airbus A400M or the U.S.'s Boeing C-17 as its future cargo plane.

Spain hopes to sell four to six Airbus A400M planes to Korea while buying about 30 KT-1 basic trainer jets and 20 T-50 advanced trainer planes from Korea in exchange.

   תוצאת תמונה עבור ‪KT-1‬‏    תוצאת תמונה עבור ‪t-50‬‏

The deal, worth 2 trillion won ($1.78 billion), includes trainer planes, additional military munitions and ground equipment.

If it materializes, it will be the first time that Korea has exported local jets to a European country, as well as a breakthrough for KAI, which failed recently to win a big deal with the U.S. Air Force.

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