According to French website “La Tribune”, Dassault Aviation signed a contract to sell four Falcon 7X to Egypt. This will help the country boost its fleet of governmental aircrafts which is currently mainly composed of American planes.
The contract is valued at around €300 million ($337.8 million). However, a tranche was paid in advance prior to deal closure.
The order is for Dassault Aviation its second most important deal with Egypt, in the past years. Indeed, in February 2015, Cairo bought from the group, 24 Rafale multirole fighter planes for €5.2bn ($5.8bn).
Also, considering the actual grim environment in the commercial planes market, the new order is a golden egg for Dassault Aviation. “Forecast for 2016 shows a certain weakness in commercial aviation,” CEO of Dassault Aviation, Eric Trappier said on July 22, 2016, while releasing half-year results for his firm.
This contrasts with commercial aviation which is supported by the high growth of flying passengers, which profits Airbus or Boeing.
The French plane manufacturer which expects a lower turnover this year intends to accelerate its transformation, namely in the digital area, to cut costs and boost competitiveness.
Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...
• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...
• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...
Indorama to invest $210M in Senegal phosphate sector upgrade ICS to expand fertilizer, acid ...
Africa holds 30% of key minerals for green tech. Leaders urge local processing to boost value...
Release by Scatec signed two solar leasing deals: a 23.75 MWp plant in Liberia and a 40 MWp facility in Sierra Leone. The Liberian project will boost...
Ghana’s government plans to exempt import taxes on machines used for agro-food processing to cut costs for processors and boost value addition. Large...
Morocco and Russia signed a memorandum of understanding (MoU) on October 16, 2025, to establish a joint working committee between their foreign...
Congo extends 3G network to 16 rural areas under PATN plan Expansion targets 30,000 people, aims to cut digital divide The Congolese government...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...