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"The pilot of the airplane has died as a consequence of the accident, which happened during take-off," the Spanish defence ministry said in a tweet following the crash near the Torrejon de Ardoz base, around 20 kilometres (12 miles) from Madrid.
"Rescue teams are on their way to the scene of the accident," a ministry spokesman told AFP, adding that the cause of the crash was as yet unknown.
The jet had been taking part in a military display for Spain's national day.
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