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Spain creates 100 mln euro fund for small aerospace firms

MADRID, Feb 4 (Reuters) - Spain’s government announced on Thursday the creation of a 100 million euro ($119.82 million) fund to support small and medium sized companies in the aerospace sector, which has been slammed by the coronavirus pandemic.

The government unveiled the fund, as well as a program to boost research and development in the industry, after a meeting between Prime Minister Pedro Sanchez and several of his ministers and Airbus Chief Executive Guillaume Faury.

Production of short-range commercial jets fell 35% in 2020, the government said, after a year in which travel restrictions to contain the virus slammed the brakes on international travel. ($1 = 0.8346 euros) (Reporting by Nathan Allen Editing by Ingrid Melander)

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