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Brazil lends Argentina $700M for planes

SAO PAULO, March 24 (UPI) -- The Brazilian government said Tuesday it would lend $700 million to Argentine airline Aerolineas Argentinas to buy Brazilian planes.

The money will be spent on aircraft made by Brazilian plane-maker Embraer, Estado news agency reported online.

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The planes -- 20 in all -- will reportedly be delivered to Aerolineas Argentinas over the next five years.

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