Latest news with #Dassault
LeMonde
3 days ago
- Business
- LeMonde
Macron tries to promote his 'third way' in Indonesia
Emmanuel Macron departed Indonesia on Thursday, May 29, hand in hand with his wife, Brigitte, bidding farewell from the presidential A330 to his host, Prabowo Subianto. The French president was concluding the second leg of a Southeast Asian tour that had taken him to Vietnam earlier in the week and would take him to Singapore, where he was set to open the Shangri-La Dialogue, a summit on industry and defense, on Friday. Alongside the ceremonial honors extended by the Indonesian president, Macron secured a collection of partnership promises and business commitments, in areas from agri-food to cinema, allowing France to tap into what he called the "new Indonesian wave." The Elysée said "€17 billion in contracts" were signed in Jakarta, without disclosing any details about the deals. In the defense sector, Paris had hoped to sell additional Rafale fighter jets, following an order of 42 aircraft in 2022. For now, Indonesia only signed a letter of intent on Wednesday, committing to purchase "additional Rafales from Dassault, as well as light frigates, Scorpène submarines from Naval Group and Caesar cannons and their munitions from KNDS France," Defense Minister Sébastien Lecornu said on X (formerly Twitter).
France 24
5 days ago
- Business
- France 24
Mining and defence industries benefit from Macron's visit to Indonesia
06:59 From the show As French President Emmanuel Macron met with his Indonesian counterpart Prabowo Subianto this Wednesday in Jakarta, French companies like mining giant Eramet and defence provider Dassault Aviation were hoping to capitalise on these diplomatic ties. Talking to the press, Macron said there would be new orders for Dassault's Rafales fighter jets. Also, we look at the German defence tech startups benefitting from the country's rearmament drive.
New Indian Express
14-05-2025
- Business
- New Indian Express
Dassault Aviation share price: Rebounds after recent decline, approaches record high
CHENNAI: Shares of Dassault Aviation, the maker of Rafale fighter jets, rose for the second consecutive day on Wednesday, gaining 1.47% during the trading session. This followed a sharp 7% decline on Monday. The stock climbed to an intraday high of €304.40 on the Paris Stock Exchange in early trading, edging closer to its record high of €332.20. By mid-session, the stock was trading at €302.40, up 0.47%. On Tuesday, Dassault Aviation had rebounded by over 3%, recovering some of Monday's steep losses. Despite recent volatility, market experts see bullish signs. Analysts point out that the stock has formed a bullish hammer pattern on the monthly chart—an encouraging signal for potential upside. Many expect the stock to test its record highs in the near term. Impact of India-Pakistan Tensions The stock's recent movements have been influenced by geopolitical developments. Dassault shares surged after the Indian Air Force executed "Operation Sindoor" on May 7—a precision strike against terrorist infrastructure approximately 200 kilometres inside Pakistani territory. Reports suggest that Rafale jets were deployed in the mission, armed with SCALP cruise missiles and HAMMER precision munitions, and successfully completed the operation without violating Pakistani airspace. Stock Performance Overview Despite recent gains, Dassault Aviation shares have declined over 10% in the past five trading sessions. Nevertheless, the stock has delivered stellar long-term returns, rising over 347% in the past five years, solidifying its reputation as a multibagger. According to analysts the heightened volatility driven by India-Pakistan tensions has contributed to recent downward pressure on the stock.
South China Morning Post
14-05-2025
- Business
- South China Morning Post
Indonesia's costly bet on French Rafale jets under scrutiny after India-Pakistan aerial clash
Indonesia's high-stakes bet on French-made Rafale jets is facing scrutiny after Pakistan claimed to have shot down three of the same aircraft used by India, raising questions in Jakarta about the cost, capability and strategic logic behind the deal, which came with a price tag of more than US$8 billion. The controversy erupted on May 7, when the Pakistan Army announced it had downed five Indian warplanes – including three Rafales – during an aerial clash, using its Chinese-made J-10C fighters equipped with advanced PL-15 air-to-air missiles. While New Delhi has not verified the claims, Indian Air Force Air Marshal AK Bharti told reporters on Sunday that 'losses are a part of combat', without offering further details. Hours after the air skirmish, CNN quoted an unnamed senior French intelligence official as confirming that one Indian Rafale had been shot down, which, the broadcaster noted, 'would mark the first time that one of the sophisticated French-made warplanes has been lost in combat'. After India and Pakistan trade blows over Kashmir, will their ceasefire hold? After India and Pakistan trade blows over Kashmir, will their ceasefire hold? The development has triggered alarm in Indonesia, which last year concluded an order for 42 Rafale warplanes from their manufacturer, French aviation giant Dassault. In 2022, when Indonesia first initiated the order, a spokesman with France's defence ministry told reporters that the deal was worth US$8.1 billion.
Time of India
14-05-2025
- Time of India
Cocaine Air: Smugglers at 30,000 Ft. OTT Release Date - When and where to watch chilling French documentary
Cocaine Air: Smugglers at 30,000 Ft. OTT Release Date - In March 2013, a private jet bound for Saint-Tropez was stopped in Punta Cana after authorities found 700 kilograms of cocaine hidden in 26 suitcases. On board were two former French air force pilots and two passengers, all seemingly innocent. What followed was a web of mystery, escape, and courtroom drama. This true-crime story is now the subject of the documentary Cocaine Air: Smugglers at 30,000 Ft., premiering on Netflix on June 11, 2025. What was the real incident that shocked two continents? Let's rewind to March 20, 2013, at Punta Cana International Airport in the Dominican Republic. A private Dassault Falcon 50 jet was all set to fly to Saint-Tropez, France. On board were two passengers and two French pilots - Pascal Fauret and Bruno Odos, both ex-French Air Force veterans. But just before takeoff, Dominican anti-drug agents stormed the plane. What did they find? A whopping 26 suitcases stuffed with over 700 kilos of pure cocaine, with a street value in the tens of millions of dollars. The four Frenchmen were arrested on the spot. And here's where it gets wild: None of them fit the profile of your typical drug mule. No criminal records and no sketchy backgrounds. Just well-dressed, middle-aged professionals flying a jet to the French Riviera. So the big question was - Whose cocaine was it? And more importantly, who knew what? The case, quickly dubbed 'Air Cocaine' by French media, turned into an international scandal. All four men denied any knowledge of the drugs. The pilots claimed they were just doing their job, and the passengers said they had nothing to do with the suitcases. Dominican authorities didn't buy it and sentenced them to hefty prison terms. But plot twist - In 2015, while out on bail under strict conditions, the two pilots somehow escaped the Dominican Republic and secretly returned to France. Their daring exit was straight out of a spy movie; they reportedly took a speedboat to a nearby island and caught a flight home. France refused to extradite them, and eventually, in 2019, a French court acquitted them, citing a lack of solid evidence. Still, nobody knows who the real mastermind was, and the mystery continues to hang in the air. What to expect in the documentary? Directed by Stéphane Rybojad and Thomas Dandois, Cocaine Air: Smugglers at 30,000 Ft. promises to give viewers a front-row seat into the real drama of the 'Air Cocaine' case. Expect courtroom footage, exclusive interviews with those involved, behind-the-scenes looks at international investigations, and a deep dive into the world of private jet drug smuggling - a route most law enforcement agencies rarely get to crack. So were the pilots innocent pawns or smooth operators? Was someone high up shielding the real culprits? And how does over half a ton of cocaine get packed onto a private jet without someone signing off? Maybe Cocaine Air: Smugglers at 30,000 Ft. will finally reveal the full picture.
