BAE proposes UKEF financing to Malaysia for Typhoon jet deal

(Reuters, London, 12 February 2018) BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said. Malaysia has for several years been weighing France’s Rafale jet and the Eurofighter Typhoon, built by a European consortium including Britain’s BAE, as it looks to buy up to 18 jets to replace its Russian MiG-29s - most of which are grounded. The contest, potentially worth over $2 billion, is one of the biggest fighter deals under consideration in Asia. Financing would be provided via the UK Export Finance export credit agency.