“This Is Unprecedented Territory” – Pakistan Shoots Down 2 Indian Fighter Jets In Dramatic Border Conflict Escalation

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from ZeroHedge:

Update 2: Pakistan is now saying that only one Indian pilot is in custody…and India has confirmed that only one pilot is missing. Meanwhile, there have been reports of “heavy exchange of fire” in multiple areas along the border.

Regarding the detained pilot, India’s Ministry of External Affairs has lodged a “strong protest” and accused Pakistan of violating the Geneva Convention by shooting down its planes, and said that it expects the “safe return” of the detained pilot.

Update and recap: After some initial confusion and conflicting statements about the number of aircraft involved in Wednesday’s hostilities, Bloomberg has produced this roundup of remarks from both sides that helps to clear things up.

  • Indian and Pakistani fighter jets engaged each other, resulting in the worst escalation since the war between the two in 1971.
  • Pakistan said it engaged six targets across the de facto border between the nuclear-armed neighbors. Pakistan said its fighter planes shot down two Indian fighter aircraft that entered its airspace. Two Indian pilots were in its custody, one of them in hospital.
  • India admitted to losing one MiG 21 fighter jet in the aerial engagement. India’s Kumar said the pilot of the plane is “missing in action,” and the government is ascertaining Pakistan’s claim of their custody. India said it shot down a Pakistani fighter jet today.
  • Pakistan PM Imran Khan in his address to the nation sounded conciliatory, saying he was willing to investigate the Feb. 14 terror attack in Kashmir. He said a war won’t be in his or in Indian Prime Minister Narendra Modi’s control and called for a dialogue between the two.
  • China’s Foreign Minister Wang Yi called for India and Pakistan to exercise restraint and offered to play a “constructive role,” while U.S. Secretary of State Mike Pompeo urged the two nations to “avoid escalation at any cost.”

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Markets had already been bracing for an insanely busy session – with risks ranging from Trump’s meeting with Kim Jong Un in Hanoi, to Michael Cohen’s Congressional testimony, to Fed Chair Jerome Powell’s second testimony before the House Financial Services Committee (including Maxine Waters and AOC) – when they were confronted in the early morning hours on Wednesday with the prospect for nuclear war along one of the world’s most volatile borders.

One day after Indian fighter jets crossed into Pakistani territory to destroy a training camp purportedly belonging to the militant group that carried out one of the deadliest terror attacks in the 30-year history of the Kashmiri insurgency (Pakistan offered a different version of events), two Indian fighter jets have been shot down over Pakistani territory in what analysts described as the biggest escalation in tensions between the feuding neighbors since the end of the 1971 Indo-Pakistani war (which resulted in the creation of Bangladesh).

Screenshot from video reportedly showing the wreckage of the MiG-21 plane downed by Pakistan

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