Shares of Bombardier rose 5 percent to $5.34 on the Toronto Stock Exchange, their highest in more than two years.
Bombardier sold its Flexjet aircraft ownership business to private investment firm Directional Aviation Capital in September and the new owners agreed to buy up to $5.2 billion worth Bombardier business jets.
Flexjet offers clients the option of chartering a private jet or purchasing large blocks of time with access to a crew.
Bombardier said Flexjet has purchased 60 aircraft for about $1.2 billion, including the order announced on Monday.
Flexjet has also added 20 more options to buy Learjet 85 aircraft.
(Reporting By Sneha Banerjee in Bangalore; Editing by Maju Samuel)