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KAAN fighter jet: Pakistan's ally Turkey gets ₹85,000 crore boost with Indonesia's order for fifth-generation plane

KAAN fighter jet: Pakistan's ally Turkey gets ₹85,000 crore boost with Indonesia's order for fifth-generation plane

Time of India2 days ago

In a boost to Pakistan's ally Turkey,
Indonesia
has signed a major defence deal with
Turkish Aerospace Industries
(TAI) for 48
fifth-generation fighter jets
. The agreement, estimated at $10 billion (Rs 85,000 crore), puts Turkey alongside China as countries friendly to Pakistan that now export fifth-generation fighter capabilities. The deal was signed on Wednesday on the sidelines of Indonesia's Defence Expo and Forum, and announced by Turkish President Recep Tayyip Erdoğan.
Indonesia confirms delivery by 2026
Indonesia had earlier signed an $8.1 billion agreement with France's Dassault Aviation in 2022 for 42 Rafale fighter jets. But with the latest development, attention has shifted toward Turkey's KAAN programme. 'The first 6 jets are scheduled to be delivered in 2026,' said Indonesian Air Chief Marshal Mohamad Tonny Harjono, speaking to Indonesian state news agency Antara.
Turkish President Erdoğan wrote on X, "Under the agreement signed with our friendly and brotherly nation, Indonesia, 48 Kaan jets will be produced in Türkiye and exported to Indonesia.' He added that Indonesia will also participate in the production of the aircraft.
While the value of the deal was not disclosed officially, Turkish media reported it to be worth nearly $10 billion. Deliveries will take place over the next 10 years, according to Turkey's Anadolu Agency.
KAAN aims to compete with top global jets
The
KAAN fighter jet
is intended to replace Turkey's F-16 fleet and is designed to compete with advanced fighters such as the US F-35 and Russia's Su-57. According to the Turkish Aerospace Industries website, KAAN is a twin-engine, 34-tonne multi-role aircraft with a top speed of 1.8 Mach and a service ceiling of 55,000 feet. It features supercruise capability, high maneuverability, low observability, and internal weapon bays.
Live Events
The aircraft is relatively new and remains untested in battle, similar to China's FC-31 & J-35. This contrasts with the combat-tested US F-22, F-35, and Russia's Su-57. China has also reportedly offered J35 fighter jet to Pakistan.
Pakistan may be interested in KAAN
There are reports that Pakistan is also interested in acquiring the KAAN fighter jet. Turkey has repeatedly described Pakistan as a 'brother' and has supported its position on Kashmir at multiple international forums.
During the recent India-Pakistan tensions following Operation Sindoor, Turkey was reported to have supported Pakistan militarily. Although these reports were officially denied, Pakistan is believed to have used Turkish-origin Bayraktar TB2 and YIHA drones during the conflict, launching 350–400 drones in total. Indian forces successfully intercepted most of them using Hard Kill and Soft Kill methods.
India later found the wreckage of Turkish Asisguard Songar drones. In response, the Indian government cancelled the operating license of Turkish firm Celebi Airport Services on national security grounds, and several Indian institutions and businesses cut ties with Turkish entities.
Did China's propaganda hit Rafale
The deal with Turkey also appears to have ended speculation around Indonesia placing additional orders for French Rafales. During French President
Emmanuel Macron
's visit to Indonesia, both countries signed a letter of intent for cooperation on defence platforms including Rafale jets, Scorpene submarines, and light frigates.
According to Dassault Aviation's official website, there is already a backlog of 220 Rafales as of December 31, 2024. With the KAAN order now confirmed, Indonesia's focus appears to be shifting towards a new defence partnership with Turkey.
The development marks a strategic shift, with both China and Turkey—two of Pakistan's closest partners—now equipped or developing fifth-generation fighter jets, while Indonesia aligns more closely with this axis.

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Can rupee recover from its worst fall in over a month due to rising oil prices?
Can rupee recover from its worst fall in over a month due to rising oil prices?

Time of India

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  • Time of India

Can rupee recover from its worst fall in over a month due to rising oil prices?

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Can rupee recover from its worst fall in over a month due to rising oil prices?
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Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The Indian rupee weakened by 60 paise to touch 86.20 per dollar on Friday, its worst fall in over a month due to rise in crude oil prices amid Israeli strike on Iran. The currency however closed stronger at 86.08 per dollar, likely due to intervention by the Reserve Bank of India , traders said. Rupee had closed at 85.60/$1 on 10-year bond yield touched 6.40% levels in the early hours of trading, before easing and closing at 6.36%, up two basis points from its previous rupee traded between the range of 86.20/$1 to 85.93/$1, strengthening mildly in between due to central bank intervention and muted dollar sales by foreign banks, traders crude oil prices rose to $75 per barrel on Friday, from $68 per barrel the day before as Israeli strikes on Iran's nuclear and military facilities hit risk sentiments.A rise in crude oil prices is inflationary for India and adds pressure on the rupee as the country is a major importer of the commodity. A $10 per barrel increase in crude oil prices can widen the current account deficit by 0.4% of the GDP and add up to 35 basis points in retail inflation, according to RBI likely sold dollars via state-run banks in the first half of the trading session, but in a muted manner, traders said."The possible intervention by the RBI was only up to a certain level and did not make any effort to bring down to 85.70 levels. But a key resistance amid uncertainty in the Middle East would be at 86.25/$1 levels," said Anil Bhansali, head of treasury at Finrex Treasury bonds too, the mood was fragile amid geopolitical tensions, traders said. "Since there has been a selloff and the yields touched 6.40%, we will be able to see some buying next week," a bond trader at a primary dealership said.

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