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Tuesday, April 01, 2014

Swiss fighter jet deal could triple in cost

Gripen in SwitzerlandSwitzerland's defence deal to buy 22 fighter jets from Sweden might come with a price tag that's three times higher than the government claims, opponents said on Monday.

Campaigners who are gearing up for the May 18 plebiscite warned that the price tag could swell to 10 billion Swiss francs ($11.3 billion).

"As with all fighter plane deals, on top of the actual purchase price of 3.1 billion francs, you have to add operating and maintenance costs, as well as upgrades needed in the future," Green Party lawmaker Daniel Vischer, a member of the campaign coalition, said in a statement.

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