dx713
Senior Member
- Joined
- Aug 29, 2010
- Messages
- 808
- Location
- Provence, France
- Basic Beliefs
- Atheist, Epicurean, Compatibilist
But who's paying for them?
Basically, from what I understand, Egypt currently doesn't have the means for such a modern weapon system.
Half of the price is a bank loan guaranteed by COFACE, the French state-held export insurance. Meaning that in the probable case that Egypt defaults on the payment, French citizen will have gifted 12 of the 24 jets with their own tax money. I suppose the French government sees that as both a way to support Dassault and a way to support Egypt's help with Islamists in Libya.
What about the other half? Rumours are about funding by Saudi Arabia or UAE, what is their interest there?
What's the US take on that, wasn't another batch of F-16 or some F-35 considered by Egypt at one point? What would have the financial structure of the deal looked like?
Basically, from what I understand, Egypt currently doesn't have the means for such a modern weapon system.
Half of the price is a bank loan guaranteed by COFACE, the French state-held export insurance. Meaning that in the probable case that Egypt defaults on the payment, French citizen will have gifted 12 of the 24 jets with their own tax money. I suppose the French government sees that as both a way to support Dassault and a way to support Egypt's help with Islamists in Libya.
What about the other half? Rumours are about funding by Saudi Arabia or UAE, what is their interest there?
What's the US take on that, wasn't another batch of F-16 or some F-35 considered by Egypt at one point? What would have the financial structure of the deal looked like?
