21 Apr '15, 2am

Indian Rafale deal to be finalised 'by end of May' - IHS Jane's 360

Indian Rafale deal to be finalised 'by end of May' - IHS Jane's 360

India and France aim to finalise the deal for 36 Dassault Rafale fighters for the Indian Air Force (IAF) by the end of May, according to defence industry sources. Indian prime minister Narendra Modi is believed to have insisted on this deadline with his French counterpart Francois Hollande in Paris, soon after announcing the fighters' procurement on 10 April. Once inked, the IAF will be the first customer, after the French Air Force, to acquire Rafales. Egypt has also agreed to buy 24 Rafales. Meanwhile, a delegation comprising senior French government officials and top Dassault executives is expected in New Delhi over the next few days to begin negotiating the fighter contract, which is estimated at around USD5-6 billion. French defence minister Jean-Yves Le Drian is likely to be part of this delegation, but no confirmation of his inclusion was possible. Industry sources ...

Full article: http://www.janes.com/article/50810/indian-rafale-deal-to-...

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