May 20, 2014

Dassault hopes to sign Rafale India deal this year

(Reuters) : Dassault Aviation (AVMD.PA) Chief Executive Eric Trappier said he hoped to sign a deal to sell Rafale fighter jets to India by the end of the year following the election of pro-business candidate Narendra Modi as the country's new prime minister.
India's military had previously postponed a plan to buy 126 of the fighters, a deal estimated at $15 billion, until the 2014/15 financial year due to budget constraints.
"It's reassuring for us, because I think that will accelerate the process further," Trappier told journalists on the sidelines of the Ebace business aviation show.

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