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CONNECTICUT DEPARTMENT OF TRANSPORTATION AWARDS 5-YEAR CONTRACT TO MCI
FOR UP TO 112 COMMUTER COACHES

DES PLAINES, ILLINOIS, JANUARY 11, 2017: (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 today that Connecticut Department of Transportation (CTDOT) has awarded MCI a five-year contract for up to 112 MCI Commuter Coaches.

The contract for these 45-foot clean diesel-powered motor coaches has an approximate value of $56 million with the first 40 vehicles set for delivery in the third and fourth quarter of 2017.

According to CTDOT, the ADA-compliant, Wi-Fi ready Commuter Coaches will replace older models and expand capacity on its express route service.

The coaches to be delivered will go to private operators in urban areas statewide that provide commuter express services to CT Transit, Connecticut's state-owned bus service.

"This newest order is our biggest order of commuter coaches with the goal of replacing our private operators' aging equipment," said Philip Scarrozzo, Transit Manager CTDOT. "We have great partners, and because we value our public/private working relationships, we want to assure these operators and the passengers they serve have coaches with the best technology available today."

The new coaches, decaled with CT Transit branding, deliver style, comfort and the latest communications technology for a demanding new generation of passengers. The coaches have Wi-Fi connectivity, a standard 57-seat configuration and a Cummins ISM 10.8L, 410-horsepower engine with an Allison B500 Gen IV automatic transmission. Each bus will also feature a security camera system.

CTDOT is the state's agency principally responsible for transportation service delivery and infrastructure initiatives. CTDOT is the direct recipient of funding for projects to improve the state's highway system, enhance safety on state roads and facilities in addition to other mass transit service and capital modernization initiatives. The department also plays a key role in coordinating transportation funding opportunities for municipalities and regional organizations.

CTDOT placed an order in 2015 for three MCI Commuter Coaches and five coaches in 2014, along with a previous order of 33 Commuter Coaches in 2010. Scarrozzo said: "Our MCI coaches run reliably. We like the turnaround time in the contract."

CTDOT runs a fleet of over 600 buses with the majority of its transit fleet supplied by New Flyer. "New Flyer is at the heart of our fleet, but we run a mix of everything" including 35 MCI coaches at present.

CT Transit Express system provides direct service to and from Waterbury, Cheshire, Southington, Bristol, Plainville, New Britain, Newington, West Hartford, Hartford, East Hartford and Manchester with routes that take advantage of the bus-only CTfastrak roadway. The CTfastrak system offers a one-seat, no-transfer ride to many major regional employment, education, shopping and healthcare destinations as well as connections to the New Haven Line-Waterbury branch rail in Waterbury and Amtrak service in Hartford.

For more on the Connecticut Department of Transportation, go to www.ct.gov/dot.

NOTE: All dollar amounts are stated in U.S. currency.

About the Company

The Company 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 and employs approximately 5,000 team members.

Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc., the Company is the leader in motor coaches in Canada and the U.S., 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., 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 comprehensive 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.

Forward-Looking Statements

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. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. 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 and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services, customers may not exercise options to purchase additional buses, the ability of customers to terminate contracts for convenience and the other risks and uncertainties discussed in the materials 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.

Further information is available on the Company's websites at www.mcicoach.com and www.newflyer.com.

For further information, please contact:

Patricia Plodzeen Public Relations,
Tel: 847-283-0883
E-mail: pat.plodzeen@mcicoach.com
or Jon Koffman, New Flyer Investor Relations
Tel: 204-224-6672
E-mail: investor@newflyer.com

Motor Coach Industries - A New Flyer company: Corporate Address 200 East Oakton Street, Des Plaines, Illinois 60018 | Phone: 866-MCICOACH

Copyright 2004-2017 Motor Coach Industries Int'l, Inc. and its subsidiaries. All Rights Reserved.