Posted on: Nov. 24th, 2005 || www.menafn.com
![Nov. 24th, 2005 - Gripen ready to offer flexible offset financing packages - UAE](../../news/images/jas39.jpg)
Speaking to Khaleej Times yesterday , Wagermark said, "The aging fleet of F-16s, Mirages and Russian made fighter aircraft are due for replacement. We are obviously a contender in this highly competitive market," he said. Middle East, Africa and India together have an estimated fighter plane market worth over $70 billion, which includes replacement of older generation fighters and new demand from the region's airforces.
Gripen, a part of Sweden's SAAB group has been exhibiting at the Dubai Arishow for the past two editions. "In the previous editions we had stands giving out information. This year we have brought two models which are demonstrated to various airforce agencies from the region," he said.
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