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Wednesday, May 19, 2010

France frets over fighter sale to Brazil

RafaleFrance is mounting a last-ditch bid to prevent another fighter sale slipping from its grasp as upcoming Brazilian presidential elections threaten to spoil its hopes of winning a first foreign sale of its Rafale combat jet.

After setbacks in Morocco and Asia, French President Nicolas Sarkozy is leading a campaign for a $6.3 billion deal to sell 36 warplanes to Brazil, but some French arms industry executives are worried the talks could stall ahead of elections in October.

Sarkozy is expected to discuss the latest stage in an expanding global race for air power when he meets his Brazilian counterpart Luiz Inacio Lula da Silva on the sidelines of a European-South American summit in Madrid later on Tuesday.

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