NEW DELHI, Sept. 20 (Xinhua) -- The Indian Air Force (IAF) would finalize the multi-billion-U.S.-dollar contract with Dassault Aviation of France during the current fiscal year which ends in March next year, for the purchase of 126 Rafale fighters, reported Indo-Asian News Service Thursday.
The report quoted Indian Air Chief Marshal N.A.K. Browne as saying Thursday in Bangalore, southern India that the negotiations are still going on with Dassault Aviation and India hopes the negotiations be finished and deal finalized in the fiscal year.
The 126 Rafale medium multi-role combat aircraft (MMRCA) are set to phase out the ageing MiG-21 fleet of IAF.
The deal is estimated at 20 billion U.S. dollars.
Of the 126 fighters, Dassault is expected to deliver 18 in fly- away condition and the remaining 108 will be produced jointly with India's state-owned Hindustan Aeronautics Ltd. at its Bangalore complex.
Related:
Dassault Rafale wins Indian multi-billion dollar fighter deal
NEW DELHI, Jan. 31 (Xinhua) -- France's Dassault Rafale aviation producer has won a 10.4 billion U.S. dollars contract to build 126 Medium Multi-Role Combat Aircraft (MMRCA) jet fighter for the Indian air force in 10 years in a dramatic dusk wrestle with rival British-German Eurofighter, local TV channel Times Now quoted unnamed official sources here as reporting on Tuesday.
Dassault Rafale has also confirmed the deal with the news channel. Full story
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