07:51 AM EDT, 05/01/2024 (MT Newswires) -- Bombardier (BBD-B.TO) said on Wednesday that it will host its investor day on May 1 during which executives will review the company's performance over the past three years and look at how 2025 commitments will be met.

Chief Executive Eric Martel and Chief Financial Officer Bart Demosky will be joined at the company's aircraft assembly centre at Pearson Airport in Toronto by members of Bombardier's executive leadership team. The group will outline the company's progress on several fronts, including the expansion of Bombardier Defense and growth in services. They will also provide an update on how the company has positioned itself for growth through 2030.

"Bombardier is well on track to meet its 2025 objectives thanks to everyone's collective focus on executing our plan flexibly, creatively and passionately," said Martel in a statement.

According to the statement, Bombardier is on a path to achieve its stated 2025 objectives of more than $9 billion in revenues and more than $1.625 billion in adjusted EBITDA.

Separately, Bombardier on Wednesday said that its client NetJets has been revealed as the previously confidential buyer of 12 Challenger 3500 aircraft. The transaction, initially announced in December 2023, was valued at US$326.4 million based on list prices at the time of signing, but the landmark deal could be more than US$6 billion if all optional 232 Challenger 3500 jets are exercised over time. Deliveries for aircraft included in the firm order are set to begin in the second half of 2025.