Value of orders worth more than $603 million.
March 19, 2008
New Flyer receives 1,253 bus orders
New Flyer Industries Inc. received orders over the last three months for up to 1,253 buses (1,549 equivalent production units or “EUs”) for a combined value of more than $603 million.The orders, which include 874 new orders (918 EUs) and 379 (631 EUs) exercised options, are for a variety of vehicle configurations, including 35-, 40- and 60-foot buses and diesel, hybrid-electric and compressed natural gas propulsion systems.
San Diego-based Metropolitan Transit System's order totaled $151 million, which included 50 40-foot CNG buses with options for an additional 300 buses, as well as an order for 12 35-foot gasoline-electric hybrid buses with options for an additional eight buses.
Additionally, Southwest Ohio Regional Transit Authority (SORTA) in Cincinnati, Ohio awarded New Flyer an order totaling $101 million for 24 40-foot clean diesel buses with options for an additional 270 buses. The award also included an order for six diesel-hybrid buses. This contract represents the first order New Flyer has received from SORTA.