In March 2008, a contract for mid-life upgradation of 63 single seaters MiG-29s was undertaken with RAC-MIG, Russia , for a total value of USD 964 million. The MLU project will extend the life of the airframes by another 15 years or a 1000 hours. The new Total Technical Life of the MiG-29s will be 40 years / 3500 hours. The MLU will also involve upgradation of the avionics in the aircraft. The project is scheduled to be completed by March 2014. With the loss of one aircraft in late 2008, the number of fighters scheduled to be upgraded has been revised to 62.