SHAH ALAM: India and France signed an agreement on Monday in India, for the long delayed purchase of 36 Rafale fighter jets. However, the final deal hinged on the financial details.
French president Francois Hollande confirmed that “some financial issues” need to be resolved first before the deal first announced in 2012 could be finalised.
In a press release, DDassault Aviation stated “During French President François Hollande’s visit to India, French and Indian government authorities signed an intergovernmental agreement paving the way for the conclusion of a contract for the sale of 36 Rafale fighters to India.
Dassault Aviation is very pleased with this progress, and is actively supporting French authorities in their efforts to finalize a complete agreement within the next four weeks.”
It was reported that the cost of the 36 aircraft deal could reach around 5 billion euros or US$5.6 billion. Some other reports suggest that the price – which include support, training and weapons may well cost 11 billion Euros or US$11.9 billion.
The Rafale is one of the contenders for RMAF’s long delayed MRCA programme. The other three fighters in contention is the Eurofighter Typhoon, Boeing Super Hornet and the Saab Gripen NG.
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