Dassault aviation the makers of Rafale fighter jets have seen a downward trend in share market. The stock fell to 4.70%, extending weekly losses to over 8%, according to foreign media reports.
Since market trust seems to have been shattered, there is still a lot of uncertainty around Dassault Aviation’s future prospects.
The French firm that makes the Rafale fighter plane, Dassault Aviation, had a steep 6% decline in its stock price on Wednesday.
Rising military tensions along the Line of Control (LoC) and eastern border prompted Pakistan’s air force to shoot down five Indian aircraft, including three Rafale planes.
Notably, Indian Air Force (IAF) Air Marshal A.K. Bharti declined to acknowledge reports of Rafale jet losses by the Pakistan Air Force (PAF) during a recent news briefing on Operation Sindoor.
When asked about the downing of the Rafale aircraft, Lieutenant General Rajiv Ghai, India’s Director General Military Operations (DGMO), said, “Losses are a part of combat,” but he would not elaborate, citing operational security considerations.
All of the Indian Air Force (IAF) pilots who were involved, he said, had returned safely.
During the operation, Pakistan shot down five Indian fighter jets, including three French-made Rafales, according to evidence, it told international media.
Although India has not yet formally responded to these claims, Pakistan’s military maintains that it effectively shot down five Indian jets during retaliatory action.
