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$72.8 million Bombardier jet makes first flight

Bombardier's G7000 jet completes first flight

Bombardier completed the first test flight of its new Global 7000 business jet Friday, in a move aimed at breathing new life into sagging demand for private aircraft.

The plane and train maker said its prototype flew for 2 hours and 27 minutes from its factory near Toronto. The aircraft reached a speed of 240 knots or about 276 miles per hour and an altitude of 20,000 feet as pilots tested the jet’s controls.