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A Bombardier Global 6000 aircraft.
A Bombardier Global 6000 aircraft.
(Bombardier)

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Bombardier shares won’t sustain new altitude

Hats off to Bombardier Inc. for bagging yet another record business jet order, its third in less than two years. As usual, investors have bid the stock up in response – the shares closed up 8 per cent on Tuesday in heavy trading. As usual, expect the share price to skitter back down again over the next few days or weeks. This order is not enough to give the stock sustained liftoff.