France Cuts Price on Rafale Jets for India to $8.6Bln

© AFP 2023 / ANNE-CHRISTINE POUJOULAT French Rafale fighter aircrafts come back aboard the French Charles-de-Gaulle aircraft carrier, after flights on November 23, 2015 at eastern Mediterranean sea, as part of operation Chammal in Syria and Irak against the Islamic State group
French Rafale fighter aircrafts come back aboard the French Charles-de-Gaulle aircraft carrier, after flights on November 23, 2015 at eastern Mediterranean sea, as part of operation Chammal in Syria and Irak against the Islamic State group - Sputnik International
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Paris has agreed to decrease the pricing of its long-awaited deal on Rafale fighter jets with New Delhi by some 7-8 percent, local media reported Wednesday.

French Rafale fighter aircrafts come back aboard the French Charles-de-Gaulle aircraft carrier, after flights on November 23, 2015 at eastern Mediterranean sea, as part of operation Chammal in Syria and Irak against the Islamic State group - Sputnik International
India Proposes France Disposes: France Rejects Bank Guarantee for Rafale
NEW DELHI (Sputnik) The countries have been in talks on Rafales since 2012 but disagreements on the pricing and India’s demands for additional guarantees have hindered the signing.

France’s current offer stands at some 7.8 billion euros ($8.6 billion), the Indian Financial Express newspaper said, citing sources.

However, India’s request for bank guarantees was declined by Paris, according to the media outlet.

In January 2016, India and France signed an intergovernmental agreement on the purchase of the 36 Rafale fighter jets. The French Dassault aviation manufacturer first asked almost $12 billion for the aircraft, while New Delhi demanded a 30-percent cut to the price.

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