Everyone who has said that it will not take off is wrong. Here's why:Imagine you have two conveyor belts next to each other. One has a car on it, the other has an aeroplane on it.
You then start up both the aeroplane and the car, move their engines to full power, and turn on the conveyor belts to match the speeds of the vehicles.
Now, you're probably wondering: why bother with the car?
Here's the answer: the car accelerates by rotating its wheels against the surface of the road. KEY POINT: the car moves forward by rotating its wheels against the surface of the road - if you lift it off the road, it will stop accelerating. If the road beneath it is moving backwards at the same speed as the wheels are moving the car forward, then there will be NO net motion of the car.
HOWEVER, the aeroplane accelerates by using it's propeller to push air backwards. KEY POINT: the aeroplane moves by pulling on the
air with its propeller - if you lift it off the ground, it will continue accelerating. Even if the runway beneath the aeroplane starts to move backwards at the same speed as the aeroplane is moving forward,
the propeller will STILL be pulling the aeroplane forwards, REGARDLESS of what is happening with the wheels.Hence, the plane will accelerate, and take off.
EDIT: Saxman beat me to it
