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Spain backs off aircraft deal with Venezuela
Caracas, Venezuela - A contract for the value of USD 1,7 billion
Spain's Foreign Minister, Miguel Ángel Moratinos, said Wednesday that a Spanish deal to sell 12 military aircraft to Venezuela had been cancelled because US government objections made it unfeasible. U.S. approval was required because the aircraft were to be equipped with American technology. But the Spanish company that was to build the airplanes, EADS-CASA, said at the time that it would seek alternative...
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