The astronomical rising costs of modern combat has resulted in many countries being deprived of purchasing a modern combat aircraft and this has had an adverse effect on their security. Many nations have tried to undertake cost-effective measures for their defence needs. Countries can either purchase very expensive modern aircraft or buy older aircraft that can be expensive to operate due to their high maintenance requirements. The Pakistan Air Force had initiated the plan to co-develop an affordable modern multi-role fighter aircraft with China. Chengdu Aircraft Corporation (CAC) in collaboration with Pakistan Aeronautical Complex (PAC, Kamra) have jointly developed the JF-17 Thunder combat aircraft (also known as the FC-1 Xiaolong Fierce Dragon in China). JF-17 Thunder is a sophisticated light-weight multi-role, all weather, day/night fighter aircraft that is manufactured by Pakistan and China. The JF-17 Thunder has become a very cost-effective aircraft that costs very little compared to other modern aircraft. Many countries have shown an interest and a few have started to make orders. Some have described the JF-17 as the 'Ultimate MiG-21' arguing that the Chinese/Pakistani JF-17 builds on a classic warplane - although it has no resemblance and its level of sophistication is comparable to current advanced fighter aircraft on the market. This very modern and capable aircraft has the potential to become a potent platform that can serve with numerous air forces across the world.