The case of the plane and the conveyor belt

A mystery to be solved
I was given a theoretial problem today, lets see if we can solve it.

A plane is standing on a moving ( some sort of a band conveyer) runway.
The plane moves in one direction, while the conveyor belt moves in the opposite direction. The conveyer belt has a control system that tracks the plane's speed and tunes the speed of the belt to the plane (so you have the plane and the belt at the same speed but moving in opposite directions)
Can the plane take off?

Discussion---

I'm thinking no, but not sure, anybody?

Keep'em flying