Saab scraps agreement with Adani to build fighter aircraft in India

Saab and the Adani Group had announced their partnership on August 31, 2017

Swedish aerospace and defence company, Saab, which had entered into a partnership with Adani Group to manufacture the Gripen E fighter in India, said on Monday that it was no longer going ahead with that agreement.

“We have decided not to pursue the arrangement with the Adanis,” said Mats Palmberg, chairman and managing director of Saab India, at a media interaction in New Delhi on Monday. 

Saab and Adani Group had announced their partnership on August 31, 2017. The agreement between the two would come into effect if Saab were selected as the foreign partner, to supply the Gripen E