Brazil and Sweden have agreed on reducing the commercial interest rate on the purchase of 36 Gripen NG fighter jets for the Brazilian Air Force.
Brazil is now looking at refinancing its procurement of the Saab Gripen fighters after reduction of interest rate from 2.54 to 2.19 per cent applied by the Swedish Export Credit Corporation. The rate is according to the member countries of the Organization for Economic Cooperation and Development (OECD). Since Swedish Krona recently weakened, the jets should be a little cheaper now.
Brazil had decided to cut the amount of funding it planned to take from Sweden in June based on the original US$ 5.4 billion sales contract’s announcement in October 2014.
The revised agreement will now be transferred to Brazil’s Federal Senate to be signed-off. Meanwhile, Brazilian prosecutors announced in April 2015 that they were planning to investigate the $5.4 billion Gripen deal.
The Czech Air Force wants to infuse new weapons into its JAS 39 Gripen jet fighters to better serve the needs of NATO air defense. “The Defense Ministry of the Czech Republic will hold a tender to beef up the Gripen jets onboard weapons so that they can effectively engage ground targets as well,” Ministry Spokesperson Petr Medek told reporters in Prague
Saab has offered to supply an unspecified number of Gripen Aircraft in a fly-away condition to the Indian Air Force (IAF) to replenish its fleet in the short term. Sources told defenseworld
Finland plans to replace its existing fleet of 62 F/A-18 Hornets by 2021, the Defense ministry made an announcement Thursday. Eurofighter, French Dassault Rafale, American Boeing Super Hornet or Lockheed Martin JSF F-35, and Swedish JAS Gripen to be in race to Finlands new fighter jet program
Following a second crash-landing in a month, the Hungarian Air Force has decided to ground its Jas-39 Gripen fighter jet fleet. The army made an announcement after a pilot was forced to elect himself from a jet near the town of Kecskemet
Saabs Brazilian partner AEL Sistemas (AEL) has successfully delivered the Wide Area Display (WAD) Demo HMI Software for the Gripen NG jet. In February 2015, Saab announced the selection of AEL as a new Gripen supplier in Brazil
Czech Republic will be upgrading Gripen fighter jet fleet leased from Sweden for ground-attack capability. The upgrade will be carried out through Sweden's Defense and Security Export Agency, or FMX
The Swedish Defence and Security Export Agency FXM has responded to request for information from Croatia for procuring Gripen aircraft. The request concerns 8 to 12 newly built aircraft of the C and D model, the company announced last week
Saab today announced that its SEK39.3 billion (US$4
Brazil has signed the financing agreement with Sweden that will allow the acquisition and development of Swedish Gripen NG fighter. It is the final step for the start of production of new fighters, the Brazilian defense ministry announced Tuesday
Brazil's Senate has approved a $4.6 billion financing contract that took place last week with Sweden for buying 36 Gripen fighter jets for the countrys Air Force
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