SALE OF 12 RAFALE FIGHTERS TO EGYPT BLOCKED BY THE FRENCH MINISTRY OF FINANCE
Cairo intends to buy the Rafale fighters with a loan, but ministry officials are unwilling to grant the loan because Egypt had borrowed a huge amount to finance its arms purchase from France.
A report of The gallery says the French finance ministry has blocked the sale of 12 Rafale fighters to Egypt.
Cairo intends to buy the fighters with a loan, but ministry officials are unwilling to grant the loan because Egypt had borrowed a huge amount to finance its arms purchase from France.
Egyptian leader Abdel Fattah al-Sisi is expected to raise the issue with President Emmanuel Macron during his visit to Paris this week.
In November 2014, it was reported by several sources that Egypt was in negotiations with France to purchase 24 to 36 Rafale, subject to the financing agreement. In February 2015, the two countries negotiated a loan with the French export credit agency to conclude an export agreement for up to 24 Rafale fighters. Egypt hoped to quickly secure the deal to exhibit planes at the inauguration of the Suez Canal expansion in August 2015.
On February 16, 2015, Egypt became Rafale’s first international customer by officially ordering 24 Rafale, as part of a larger contract (which also included a FREMM multipurpose frigate and a supply of missiles) worth $ 5.9 billion (€ 5.2 billion). . The Egyptian order includes 8 single-seater and 16 two-seater models. In July 2015, the official ceremony marking the reception by Egypt of its first three Rafales, was held at the Dassault Aviation flight test center in Istres. In January 2016, Egypt received three additional Rafale for a total of six fighters. The six aircraft are two-seater models (Rafale DM) and were diverted from delivery to the French Air Force. Egypt received the third batch of three Rafale fighter jets (which were also the first single-seat Rafale to join the Egyptian Air Force and were designated Rafale EM) from France in April 2017. Egypt took delivery the fourth batch of two Rafale EM fighters. in July 2017. The Egyptian Air Force was to receive three other Rafale fighter jets in 2017, bringing the number of aircraft in service to 14 Rafale.
In June 2016, it was reported that Egypt was in negotiations with Dassault to acquire 12 additional Rafale for a total of 36.
Photo credit: AHMED XIV via Wikipedia and Staff Sgt. Gary Emery / US Air Force