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Greece purchases 18 Rafale fighter jets for € 2.3 billion

Updated: Jan 21, 2021

According to Airforce Technology, Greece will purchase 18 Dassault Rafale fighter jets for € 2.3 bln.


Athens, Greece: 17 December 2020


(c) Dassault Aviation


The Greek Government spokesperson Stelios Petsas stated that:


Greece will buy six newly-built and 12 second-hand Rafale jets for € 1.92 bln and pay another € 400 mln for their equipment.


It is expected the six second-handed jets to be delivered around June, while the new jets are expected to be available by the middle of 2023.


According to France’s Minister of Armed Forces Florence Parly, this deal strengthens the link between the Greek and French armed forces, and will allow them to intensify their operational and strategic cooperation.


Greece is among the first European countries that has expressed its intention to purchase Rafale aircraft in September 2020 to enhance defense capabilities.


Additionally, the Greek Armed Forces is planning to upgrade its F-16 fleet and procure new helicopters and drones.


According to Airforce Technology, Greece’s defense budget is estimated to reach € 5.5 billion in 2020. This has been driven by the renewal of tensions with Turkey.


Navigator Consulting supports investments in Greece and Cyprus, and has extensive experience in due diligence, risk analysis, financial forecasting and scenario analysis.


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Philip Ammerman

Managing Director

Sources:


Airforce Technology. 18 December 2020


Ekathimerini.com. 17 December 2020


France24. 13 September 2020


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