Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Dassault chief hopes to seal one or two Rafale deals in 2016 - report

Published 25/04/2016, 08:41
© Reuters. A file photo shows a visitor who looks at replicas of the fighter jet Rafale and Neuron on the Dassault booth during the EBACE in Geneva
AM
-

PARIS (Reuters) - Dassault Aviation (PA:AVMD) hopes to seal "one or two" contracts to sell its Rafale planes this year and this would include a much-heralded deal to sell 36 Rafale fighter jets to India, its chief executive said an interview.

"One can hope for on one or two contracts this year, including India," Eric Trappier was reported as saying by magazine Challenges on its Challenges.fr web site.

Negotiations for India to buy 36 French Rafale fighter jets are nearing the finish line, the Indian defence ministry said last week, with sources saying the price will be set at around $9 billion.

"Significantly progress has been made and I sense a true will to reach an agreement, possibly in the coming weeks," Trappier said of the India talks.

Both sides had hoped to wrap up the strategic order during President Francois Hollande's visit for India's Republic Day celebration in January, but hard bargaining on price stalled a final result.

Dassault Aviation said in March it was working on deals to also sell Rafale jets to Malaysia and the United Arab Emirates.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.