News Desk
PARIS: Shares of French defence manufacturer Dassault Aviation have continued to tumble, despite the recent ceasefire between Pakistan and India, raising concerns over the company’s flagship Rafale fighter jets.
On Monday, Dassault’s shares fell by 5.59 percent, adding to a broader downturn that has seen the company’s stock lose around 10.33 percent of its value over the past five days. The drop follows heightened tensions between Pakistan and India, during which the Pakistan Air Force reportedly shot down five Indian aircraft, including drones and three Rafale fighter jets — the latter built by Dassault.
While the ceasefire has temporarily calmed the situation, the damage to Dassault’s reputation appears to linger. The loss of the Rafales in active combat has raised eyebrows among defence analysts and investors alike, leading to questions about the aircraft’s battlefield performance and long-term market confidence.
