LA Metro Options Add 350 CNG Buses

| Canada, Winnipeg MB

New Flyer of America Inc., a subsidiary of Canadian bus manufacturer New Flyer Industries Inc. (New Flyer) which manufactures heavy-duty transit buses and motor coaches in the United States and Canada, is to supply Los Angeles County Metropolitan Transit Authority (LA Metro) with 350 heavy-duty Xcelsior 40-foot compressed natural gas (CNG) buses, by way of exercised options.

Valued at approximately USD 180 million, these represent the remaining options from New Flyer’s contract with LA Metro executed in 2013. All 550 buses from the original firm order have been successfully delivered, and management expects that these additional 350 buses will be delivered to LA Metro by the end of the fourth fiscal quarter of 2016.

LA Metro’s transit fleet includes a total of 2,160 heavy-duty buses currently in operation of which nearly 95% have been built by New Flyer or its subsidiary NABI.

(Source: New Flyer Industries Inc.)

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