Published: Fri, March 29, 2019
Markets | By Otis Pena

Turkey may be left outside F-35 fighter jet project

Turkey may be left outside F-35 fighter jet project

The Turkish lira suffered another sharp depreciation today (March 28), as official data showed Turkey's foreign currency reserves are falling.

USA senators have introduced a bipartisan bill to stop transfer of F-35 fighter jets to Turkey amid a major rift between the North Atlantic Treaty Organisation allies over Ankara's purchase of Russia's S-400 missile defence systems. The U.S. argues that the radars of the Russian S-400 missile system would be able to track and spot the F-35.

Washington is exploring whether it can remove Turkey from production of the stealth fighter jet, angered by Ankara's refusal to back down from its planned purchase of a Russian-made defense missile system.

This comes shortly after Reuters reported citing anonymous sources that the U.S. is mulling not only denying the delivery of F-35s to Ankara amid tensions over Russia's S-400 deal with Ankara, but also cutting Ankara out of the jet's supply chain.

Reuters last week reported that the United States could soon freeze preparations for delivering F-35 fighter jets to Turkey.

NFL Conducting Its Own Fact-Finding Investigation On Robert Kraft
The next hearing in Kraft's case will be on April 9, which is a case disposition hearing, the first step in his prosecution. New England Patriots owner Robert Kraft has entered a not guilty plea on two counts of solicitation of prostitution.

Erdogan also expressed confidence in Turkey's economic situation, saying that all the pressures imposed on Turkey through currency fluctuations yielded no result.

"The elections will be a tough test for Erdogan's leadership and there may be major consequences for his alliance and the country", said Mehmet Onur Cevik, an expert on Turkey at Vocal Europe, a think tank in Brussels.

Even though Turkish officials expressed that the S-400 is a done deal, the US has been continuing its rhetoric imbued with warnings over the outcome of such a purchase. This matter has become a stumbling block for the United States in its plans to halt the deliveries of the fifth-generation jets to Turkey following the spat over Ankara's S-400 procurement.

Ankara has long said it plays a key role in the F-35 program and that excluding it would not be easy. While Turkey has held out the prospect of buying both the S-400 and the Patriot system, the US has warned Turkey it will take its offer of the Patriots off the table unless Ankara changes course.

Like this: