September 27, 2012

New Flyer wins 80-bus NYCT order

New Flyer Industries Inc. announced that New York City Transit Authority (NYCT) and the MTA Bus Co. confirmed the award of a firm contract to New Flyer to build 90 heavy-duty 60-foot Xcelsior clean diesel buses (180 equivalent units or “EUs”).

“These 60-foot Xcelsior buses will now begin production immediately and will be completely manufactured by New Flyer of America Inc., the U.S. operating subsidiary of New Flyer, and its union partners of the Communications Workers of America (CWA) at the company’s St. Cloud, Minn., facility,” said New Flyer’s President/CEO Paul Soubry.

In the last two years, New Flyer has delivered 385 low-floor 40-foot CNG buses and recently built 90 40-foot Xcelsior clean diesel buses — both fleets currently operating in New York. In July 2012, NYCT assigned a contract they held with Daimler Buses North America Inc. to New Flyer to build an additional 74 40-foot CNG buses.

The company has already begun production of those buses and delivery of that order is expected to be completed by the end of 2012.

This new contract for 180 EUs was part of the group of awards the company had announced in its July 16, 2012 press release for 483 new buses (613 EUs) and options for 40 buses (60 EUs) that were pending from a number of customers where approval had been granted by the customer’s board, council or commission, as appropriate, but purchase documentation had not yet been received by New Flyer.

On Sept. 17, 2012, the Company issued a press release noting the delay in receiving the contract and as a result, production of this order was re-scheduled. Production of this order will now commence consistent with that update.

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