The Lebanese Army will start offering tourists helicopter joyrides this week in a bid to fill the coffers of one of the crisis-hit country's key institutions.
Lebanon's economic crisis — which the World Bank describes as possibly one of the world's worst since the 1850s — has hit the Lebanese military hard, leaving it struggling to pay troops a living wage.
In an announcement on its website, the army said it would be offering civilians the chance to see “Lebanon … from above” on 15-minute flights.
The joyrides on-board the army's Robinson R44 Raven helicopters will start on Thursday and will be open to passengers aged three and above.
Up to three passengers will be allowed on-board per flight, which costs about $150 and must be paid in cash.
The aim is “to encourage Lebanese tourism in a new way, in addition to supporting the air force”, a military source told AFP.
The economic crisis has eaten away at the value of soldiers' salaries and slashed the military's budget for maintenance and equipment.
Towards the middle of last year, the army said it had scrapped meat from the meals offered to on-duty soldiers due to rising food prices.
Lebanon has been without a functioning government since a massive blast in Beirut in August last year killed more than 200 people and ravaged sections of the Mediterranean port city.
Politicians have failed to agree on a new Cabinet line-up even as foreign currency cash reserves plummet, causing fuel, electricity and medicine shortages.
Earlier this month, France hosted a donor conference in which 20 nations agreed to provide emergency aid to Lebanon's military.
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Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.



