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Monday, May 19, 2014

Swiss shoot down Swedish fighter jet deal

JAS-39 GripenThe Swiss allowed a multi-billion-dollar deal to buy fighter jets from Sweden to crash and burn Sunday, when a majority turned out to nix funding for the purchase.

In all, 53.4 percent of voters balked at releasing the 3.1 billion francs ($3.5 billion) needed to purchase the 22 planes from Sweden's Saab, according to official referendum results.

Polls ahead of the referendum predicted that voters would turn down the government plan, which called for the new fighter jets to replace the Swiss Air Force's ageing fleet of 54 F-5 Tiger aircraft to defend Switzerland's air space.

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