|MCI Technical Solutions Manager George Brown, fourth from left, joins members of Krapf's staff as they celebrate the arrival of two new MCI J4500 coaches, and honor Donna Shoemaker (holding plaque), named Krapf's Coach Driver of the Year.|
KRAPF'S COACHES REFRESHING ITS ENTIRE FLEET WITH MCI MODELS; CHOOSES ITS FIRST TWO MCI J4500S FOR WORKHORSE PERFORMANCE AND LUXURY PASSENGER COMFORT
DES PLAINES, ILLINOIS, MARCH 21, 2016: (TSX:NFI) (TSX:NFI.DB.U) Motor Coach Industries ("MCI"), a subsidiary of New Flyer Industries Inc. (the "Company"), the largest bus and motor coach manufacturer in North America announced that Krapf's Coaches, Inc. has a long reputation for quality service and luxurious accommodations for its passengers — and that's why it's decided to go MCI.
MCI has delivered two 2016 MCI J4500 coaches to the West Chester, Pennsylvania, operator's headquarters to help kick off Krapf's strategic plan to renew its fleet over the next eight years.
"We're in the process of a fleet revitalization," said Gary Krapf, president and third-generation of the family-run company. "Our goal is to offer a fleet of newer models. It's what our market demands."
Krapf's, which has a long purchasing history with MCI, plans to refresh its entire fleet exclusively with MCI models. "We've been a long-time customer and have an agreement to upgrade our fleet semi-annually based on our specs. This way, we get exactly what we want."
And lucky Krapf's passengers will get what they want. Optional features on Krapf's new MCI J4500 coaches include plush seating with footrests and leather headrests, interior simulated woodgrain finishes, Tarabus Harmonia wood flooring, 110v seatback power outlets with USB ports in every row, and a state-of-the-art REI entertainment system with HD LCD monitors.
Krapf's drivers will enjoy backup cameras and GPS for an extra level of security to the model's already robust standard safety features that include electronic stability control and tire-pressure monitoring systems. One of Krapf's newest MCI J4500s is equipped with a wheelchair lift and both coaches have Detroit Diesel engines featuring the newest clean-diesel technology for near-zero emissions.
"We couldn't be happier about this agreement," said Patricia Ziska, MCI Vice President of New Coach Sales. "There's nothing better than providing quality, customized coaches for a diversified, creative operator like Krapf's. They're excellent at seeing group and transit opportunities in their home market and all around the country, and we at MCI are very excited about becoming a bigger part of that."
Krapf's unveiled the new arrivals to employees and others during a mini-celebration at its West Chester headquarters. "It was an initiation and kickoff of our fleet revitalization program," said Krapf. "We're happy with the J4500. It's an upscale coach that's right for our high-end charters."
Krapf's Coaches serves all types of groups, from students to seniors, with a fleet of 14 coaches.
Krapf Bus Companies started in 1942 with two school buses and has become one of the most successful, diversified ground transportation operators in the United States.
As one of the largest family-owned pupil transportation companies in the nation, Krapf's fleet of 1,500 school buses transport over 95,000 students each day during the school year. Meanwhile, Krapf's Transit maintains several contracts with Southeastern Pennsylvania Transportation Authority (SEPTA) and a high-profile agreement with the Independence Visitor's Center to operate the Philly Phlash, a hop on-and-off service with 22 stops at key Philadelphia destinations.
Through the Philadelphia Industrial Development Corporation, Krapf's also operates the Navy Yard Shuttle with five state-of-the-art vehicles looping across the 1,200-acre business campus and connecting to Center City. And since 1984, Krapf's has provided paratransit service for Chester County known as Rover Community Transportation.
Krapf's also has a relationship with MCI's parent New Flyer Industries, Inc. — the company also has a New Flyer Excelsior and seven New Flyer MiDi's in their fleet.
Learn more at www.krapfbus.com.
Krapf's Coaches is a member of IMG (International Motorcoach Group), PBA (Philadelphia Bus Association) and UMA (United Motor Coach Association).
This year, Dale Krapf, Chairman of the Krapf Bus Companies, was named Chairman of UMA. His son, Gary, is IMG Treasurer.
The Company employs approximately 5,000 team members and is the largest transit bus and motor coach manufacturer and parts distributor in North America with fabrication, manufacturing, distribution and service centers in Canada and the United States.
Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc. (together, "Motor Coach Industries"), the Company is North America's leader in motor coaches, offering the MCI J4500, which is the industry's best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry's best-selling coach line in North American motor coach history. MCI is also the exclusive distributor of Setra S 417 and S 407 in the United States and Canada. MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year.
Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc. (together, "New Flyer"), the Company is North America's heavy-duty transit bus leader and offers the broadest transit bus product line (Xcelsior® and MiDi® models), incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, electric-trolley and now battery-electric. New Flyer actively supports over 42,000 heavy-duty transit buses (New Flyer, NABI and Orion) currently in service.
The Company also operates North America's most sophisticated aftermarket parts organization providing support for all types of transit buses and motor coaches. All buses and coaches are supported by an industry-leading comprehensive warranty, service and support network.
The common shares and convertible unsecured subordinated debentures of the Company are traded on the Toronto Stock Exchange under the symbols NFI and NFI.DB.U, respectively./p>
This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Company that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions, dividends are not guaranteed and will be declared in the discretion of the Company's board of directors based on the Company's financial position, liquidity and business requirements and future prospects, the covenants contained in the Company's senior credit facility could impact the ability of the Company to fund dividends and the other risks and uncertainties detailed in the disclosure documents filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For further information, please contact:
Patricia Plodzeen Public Relations,
Jon Koffman, Investor Relations
Motor Coach Industries - A New Flyer company: Corporate Address 200 East Oakton Street, Des Plaines, Illinois 60018 | Phone: 866-MCICOACH
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