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Cost wise (total), it's a lot cheaper. In fact, it's hugely cheaper.
The actual plan was to have 64 units of F-16 and 96 units of Hawk, so 160 jets.
We now have 55 jets (F-16 + Hawk). So we still need 105 additional jets.
I can't imagine how expensive it'd be to purchase 105 F-16V.
Buying 105 Gripen we can save almost 40%. Those 40% is more than enough to build the new infrastructure.
On the operating cost, we even save 70%! (sorry, the CPFH for F-16V is more like $8000 than $7000). Operating 105 jets with 70% cost saving is huge.
After sales service wise, Gripen so far doesn't have any problems at all.
SAAB knows that they're not big name, so they are really committed in providing flexibility and very good after sales service/MRO.
Even the Thais managed to have in-service support (maintenance, repair, overhaul, etc) delivered by their local firm Thai Aircraft Industries (TAI).
Saab itself doesn't have much Gripen C/D in stock and they don't produce older variant anymore and now all gears and tooling been geared toward Gripen E version in which is not cheapo if we look at Brazilian deal. If you ask me which one better for Indonesia Air Force between Gripen E or Viper block 72, i will take Viper all the way. First logistic footprint issue, second familiarization and training, third political standing USA is much greater than Sweden , if anything USA will always be the major player in the region and sharing interoperability with them will bring lot of benefit for Indonesia forces goals.