'French jets deal soon' By
Nissar Hoath on Wednesday, May 27, 2009
A deal for the sale of French fighter jets to the UAE is likely to be finalised soon, a source close to the office of French President Nicolas Sarkozy revealed yesterday.
The source, speaking to Emirates Business on a condition of anonymity, said there had been encouraging progress over the sale of the twin-engine Rafael fighters.
The initial deal involves between 60 and 100 jets. The new aircraft will replace the 60 French Mirage planes currently used by the UAE Air Force.
"The deal is on track as there has been some progress and we could hear the good news very soon," he added.
"I cannot say when exactly the deal will be signed but it is likely to be very soon. The contract will be worth up to $18 billion (Dh66.2bn)."
Another official accompanying the French delegation said the deal could be signed during next month's Paris Air Show. As part of the arrangement France would take back the Mirage fighters.
France yesterday renewed its 1995 defence deal with the UAE. The two sides signed a new treaty at the Emirates Palace hotel in the presence of President Sarkozy and General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and defence officials from the two countries.
Source
http://www.business24-7.ae/Articles/2009/5/Pages/26052009/05272009_ad37c8381c654f67a2d5ff5911c7a556.aspx