BAE Systems expects to submit a leasing proposal for the Eurofighter Typhoon jet to Malaysia next month, as its cash-strapped government mulls over renting, rather than buying fighter aircraft.
"What they have done is solicit leasing proposals from every major aerospace company. We will be submitting a leasing proposal next month for Typhoon together with a purchase option and expect to have further discussions later in the year or maybe even early next year around that," he said.
Last year Malaysia, which had wanted to buy 18 combat aircraft by 2015, said it was choosing between Boeing's F/A-18, Dassault's Rafale, Saab's Gripen and the Eurofighter Typhoon which is built by BAE, Airbus and Italy's Finmeccanica.
Industry sources said in March that the purchase could run into billions of dollars. Malaysia's Prime Minister Najib Razak told Reuters in October the purchase might be delayed. (Reuters)