India and Russia have ended a protracted dispute over the cost of a Soviet-era aircraft carrier which will be now sold at a higher price to the Indian navy in 2011, officials said Feb. 28.
Indian Defence Secretary V. K. Singh, returning from Moscow, said a new undisclosed price had been agreed upon for the 44,570-ton Admiral Gorshkov.
Russian export firm Rosoboronexport in 2004 signed a deal to refurbish the carrier for $970 million but last year demanded India pay an additional $1.2 billion.
Singh declined to give details of the negotiations but conceded “there will be a substantial increase in the “reworked estimate” for the modernization of the 30-year-old ship.
I have to think it’s unlikely that either a) the Indians will back out of a deal that they made yesterday, or b) that the Indian Navy will want to deploy two carrier battle groups (likely with different aircraft) in the near future. So I’d have to say that the chances of the transfer look dim.