French hopes of finding a foreign buyer for the flagship Rafale fighter jet bounced back on Thursday as France’s leading business daily said Paris was in advanced talks with Cairo over a €6 billion deal.

Les Echos said the French and Egyptian governments were close to finalising an agreement for 24 jets and a naval frigate.

The newspaper said the deal could be financed by as much as 50 percent through a credit facility arranged by French credit insurer Coface and involving some of France’s biggest banks. […]