Brazil and Sweden reach financing agreement on fighter deal

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Brazil and Sweden reach financing agreement on fighter deal
Victor Barreira, Istanbul - IHS Jane's Defence Weekly
29 July 2015
The Brazilian Ministry of Defence and Swedish Export Credit Corporation agreed on 29 July to a financing plan that fixes annual interest rates at 2.19%, compared with the 2.54% requested by the Swedish government to finance Brazil's acquisition of 36 Saab Gripen E/F combat aircraft.

The current-signed financing contract complements a USD5.4 billion sales contract inked in October 2014 between the Brazilian Air Force and the Sweden's Saab. The financing contract will be sent to the Brazilian Federal Senate for final approval.

Brazil announced in December 2013 that it had selected the aircraft to meet its F-X2 requirements. The first aircraft is scheduled for delivery in 2019 and last in 2024.
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