One look at the quantities involved really answers the question as to whether or not the Algerian build-up is a threat to France. The short answer is that it isn't. The Algerians would be outnumbered, and facing fighters at least as good as their new MiG-29s and Su-30s, if not better in some respects. This is before the French advantages in areas like airborne early-warning aircraft (France uses variations of the E-3 and E-2) and aerial refueling come into play. In short, a modern Franco-Algerian war is one that Algeria would lose in the air, even though they would be fighting the French.
We now return you to your regularly scheduled reality.