Israel's first F-35 jets land as Trump blasts costs

December 13, 2016

Nevatim Air Base (Israel), Dec 13: The US F-35 stealth fighter programme suffered a dual blow today as President-elect Donald Trump blasted "out of control" costs and bad weather delayed delivery to Israel by six hours.Trump reuters1

With US Defence Secretary Ashton Carter in Israel for the arrival of the first two of 50 of the warplanes bought from aerospace giant Lockheed Martin, Trump lashed out on Twitter against the programme.

"The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th," Trump said, referring to his inauguration day.

Lockheed Martin's stock tumbled 4.3 per cent shortly after the tweet, which prompted a response from the company. With a current development and acquisition price tag of USD 379 billion for a total of 2,443 F-35 aircraft - most of them destined for the US Air Force - the plane is the most expensive in history.

Once servicing and maintenance costs are factored in over the aircraft's lifespan through 2070, overall programme costs are expected to soar to USD 1.5 trillion.

Speaking at the landing site in southern Israel, Jeff Babione, Lockheed's programme manager for the F-35s, told journalists the planes represented a good deal. "It's great value and I look forward to any questions that the president-elect may have," he said.

In Israel, the first two F-35s landed at Nevatim air base at around 8.15 pm (1845 GMT), around six hours late after being delayed by bad weather in Italy, believed to be fog.

Some 4,000 people had been expected to watch the landings but the crowds thinned as the landing was delayed, leaving only around half the seats full by nightfall.

The two planes came to a halt in front of the spectators, one on each side of the stage erected for speeches of welcome. "The aircraft landing here will change the rules of the game," President Reuven Rivlin said.

Prime Minister Benjamin Netanyahu referred to Israel's air force as the state's long arm. I want to tell the people of Israel today that this long arm today became longer, more powerful," he said.

"Anyone thinking of attacking us will be attacked," he added, in an apparent reference to arch-foe Iran. "Anyone thinking of destroying us places his own existence in danger."

A Lockheed official said the delivery delay was caused by Italian air safety regulations, rather than any limitation of the planes, but this did not stop jibes.

"Here's hoping we only go to war on sunny days..." one Israeli joked on Twitter. The Trump attack and the delay in the fighters' arrival threatened to overshadow what Israel had labelled a key day in its military's future.

While other countries have ordered the planes, Israel - which receives more than USD 3 billion a year in US defence aid - says it will be the first outside the US with an operational F-35 squadron.

Carter and Israeli Defence Minister Avigdor Lieberman joined Netanyahu and Rivlin at the ceremony.

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
March 25,2020

London, Mar 25: Prince Charles on Wednesday has tested positive for the novel coronavirus and is working from home with mild symptoms, according to UK media.
A Clarence House spokesperson said the Prince of Wales was "displaying mild symptoms but otherwise remains in good health and has been working from home throughout the last few days as usual", the Telegraph UK reported.
"He has been displaying mild symptoms but otherwise remains in good health and has been working from home throughout the last few days as usual," the spokesperson added.
In accordance with the government and medical advice, the 71-year old heir to the British throne and Camilla, the Duchess of Cornwall, are now self-isolating at their home in Scotland.
The Duchess of Cornwall has also been tested but does not have the virus.
The tests were carried out by the NHS in Aberdeenshire where they met the criteria required for testing.
"It is not possible to ascertain from whom the Prince caught the virus owing to the high number of engagements he carried out in his public role during recent weeks," the statement further said.

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News Network
April 17,2020

Paris, Apr 17: The number of coronavirus-related deaths in France has increased by 753 to 17,920 over the past 24 hours, with the total case count now standing at 108,847, Jerome Salomon, the head of the state health agency, said on Thursday.

On Wednesday, the country reported a total of 106,206 cases, including a record 1,438 new fatalities. Salomon specified that it was not the daily death toll, as the data had been compiled over the last three-day weekend.

"The total number of victims since March 1 is 17,920," Salomon said at a briefing on Thursday.
He noted that 11,060 of them had died in hospitals, and 6,860 others in social and medical-social facilities.

President Emmanuel Macron on Monday extended nationwide movement restrictions, which had been introduced due to the epidemic, until May 11. Afterwards, the country is set to gradually reopen kindergartens, schools and universities.

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