The share price of Chengdu Aircraft Industry Group, co-manufacturer of the JF-17 Thunder fighter jet alongside Pakistan, has surged by over 18% in the global market, following increased international praise for Pakistan’s air capabilities.
Defence analysts link the spike in investor interest to the growing global attention on the JF-17 and J-10C aircraft, both actively deployed by the Pakistan Air Force. In contrast, shares of Dassault Aviation, the French manufacturer of the Rafale jet used by India, have declined.
The shift comes in the wake of recent aerial clashes between Pakistan and India, where Pakistan reportedly shot down five Indian aircraft — including three Rafale jets — along with two drones, according to Pakistani defence officials. The Pakistan Air Force claims all of its aircraft remained unharmed.
Security sources stated that the Indian jets were intercepted and downed while conducting cross-border strikes. In retaliation, Pakistan also destroyed a brigade headquarters inside Indian territory.
Defence Minister Khawaja Asif confirmed the successful defence operation and emphasized the effectiveness of Pakistan’s air fleet. “Our aircraft, especially the JF-17 and J-10C, are now being recognized globally,” said Asif.
The incident has raised serious questions internationally about the Rafale’s combat performance, leading to a decline in confidence among investors in Dassault Aviation.
With the spotlight shifting toward cost-effective, combat-proven platforms like the JF-17, analysts suggest that Pakistan’s defence industry may see broader international interest in the near future.
