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The new KC-390 military cargo jet, is pictured in Gaviao Peixoto city near Sao Paulo February 3, 2015. Embraer's new military cargo jet flew for the first time on Tuesday and the planemaker is making progress on collecting late government payments in the next few months, the company's defense chief said in an interview. Brazil's defense ministry has invested heavily in the KC-390 program, covering $2 billion in development costs and signing a 7.2 billion reais ($2.7 billion) order for 28 planes last year. But a tight federal budget led the defense ministry to push payment on some projects from late last year into 2015, leading Embraer to warn of negative 2014 cash flow. (Photo by Reuters/EMBRAER)
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