India says talks on French Rafale jet deal in final stage

By REUTERS
April 16, 2016 06:54

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

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

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.

A ministry source said the price agreed for the Dassault Aviation jets was around $9 billion, although a spokesman declined to confirm this on the record.

"Negotiations are in the final stage. Nothing has been concluded so far," the spokesman said late on Friday.

Dassault also declined comment. The price named is significantly below that originally sought by the French plane maker. There have been several leaks to the Indian press over recent months that a deal had been reached that proved to be premature.

Related Content

Breaking news
August 22, 2018
Powerful quake hits Venezuela coast, damage limited

By REUTERS