MEDIA CENTER

 

Delivering elegance: Tampa-area Olympus Limo's CEO Ted Koutsos (right) and Operations Manager Duane Sells took delivery of three all-black 2019 Livery Edition J4500s coaches from MCI.

 

DELIVERING A STANDARD OF ELEGANCE TO LARGER GROUPS:
TAMPA’S OLYMPUS LIMO ADDS THREE ALL-BLACK 2019 LIVERY EDITION
MCI J4500S TO EXPAND POPULAR COACH SERVICE

DES PLAINES, JUNE 27, 2019: (TSX:NFI) Motor Coach Industries (MCI), a U.S. subsidiary of NFI Group Inc., ("NFI"), one of the world's largest independent global bus manufacturers, is continuing its growth in the high-end limousine market with the delivery of three all-new Livery Edition MCI J4500s to Tampa-area Olympus Limo, Inc.

These high-spec, all-black coaches, built specifically for growing group business in the limousine market, will support Olympus Limo's 45-vehicle fleet including sedans, SUVs, vans, minibuses and two pre-owned D4505 and J4500 coaches. "These are our first new coaches," said CEO Ted Koutsos, who with his wife Katie, started New Port Richey, FL-based Olympus with two stretch limousines in 1996. "Now, we're positioned to offer a higher end level of luxury transport demanded by many of the corporate and destination management companies we serve today, especially on longer 600-mile plus coach trips."


Elevated luxury: Ted Koutsos (left), CEO of Tampa-area Olympus Limo, pictured with Sean Kelchen, MCI’s Southeast region vp of new coach sales, on board one of three 2019 Livery Edition J4500 coaches that feature black leather diamond stitch seating for 56 passengers plus other top-of-the-line passenger amenities.

Koutsos chose MCI's 2019 Livery Edition coaches for their comfort, amenities, advance technologies and strikingly black exterior. The model features industry-leading curb appeal, best-in-class legroom, baggage capacity and interior space.The Livery Edition adds black leather diamond stitch seating for 56 passengers in addition to woodgrain flooring, a programable lighting package to personalize the interior in variable hues of red, green or blue, a top-of-the-line entertainment system and power outlets with UBS ports at each seat. The 2019 model is also equipped with an e-fan cooling package and clean-diesel Cummins engine to improve fuel efficiency every mile.

And for added safety, Olympus added MCI's optional 360-degree camera that provides a bird’s-eye view around the entire coach to assist with parking and small movements.

The all-black exterior prominently features Olympus Limo’s logo. "Black implies a luxury-level industry standard," said Koutsos. "This is the first-time black coaches of this rank and reliability are available in the areas we serve. Now we have a diverse fleet to cover it all – we can serve every size group and budget including school trips, local charters and shuttles. And we do it all with exceptional service around the clock."

Olympus Limo was originally founded to serve Koutsos' family owned Spartan Manor banquet facility to transport wedding parties and other customers. Over time, Olympus started adding sedans, SUVs and minibuses to serve a widening clientele including cruise ship transport along Florida's west coast and trips to Orlando and Miami. Tampa has become a favorite port of departure for a growing number of cruise passengers who want to enhance the cruise experience with a day or two at either the front end or on the back end of any of a variety of Caribbean itineraries.

Olympus' first coach was a pre-owned MCI 102 DL3 bought in 2008 and today, it is the largest provider of luxury transportation on the West Coast of Florida.

"We've built trust over time with our customers," said Koutsos. "We did it with limos first starting as the smallest but then grew to be the largest." Olympus Limousine employs 11 office staffers and 55 uniformed drivers and today, the coach side of the business now accounts for about 40 percent of revenues and continues to grow.

Koutsos sees the ride-share phenomenon in part good for business. "It has created a marketplace where people are comfortable with paying for transportation services, and we've been able to grow by adapting." Koutsos also believes in sharing equipment with affiliates in need of need extra coaches for larger events. "Our three new livery-edition J4500s put us in a good position to help other higher-end operators when they need us," he said. Learn more at www.olympuslimo.com.

About NFI Group

With over 8,900 team members operating from more than 50 facilities across ten countries, NFI is a leading independent global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer®(heavy-duty transit buses), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), MCI® (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™ . NFI buses and motor coaches incorporate the widest range of drive systems available including: clean diesel, natural gas, diesel-electric hybrid, and zero-emission electric (trolley, battery, and fuel cell). It also supports infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe and reliable charging and mobility solutions. In total, NFI now supports over 105,000 buses and coaches currently in service around the world. For the fiscal year ended December 30, 2018, NFI posted revenues of US$2.5 billion. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information are available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and nfi.parts.

About MCI

Motor Coach Industries (MCI) is North America's public and private market motor coach leader, building the J4500 the industry best-seller for 13 consecutive years), the all-new 35-foot J3500 model, and the workhorse D-Series including the breakthrough ADA-accessible MCI D45 CRT LE Commuter Coach offering lower dwell times. MCI will add battery-electric propulsion in 2020. With nearly 30,000 MCI coaches on the road, MCI also provides maintenance, repair, 24-hour roadside assistance, parts supply through NFI Parts, and technician training through the industry's only Automotive Service Excellence (ASE) accredited MCI Academy. Further information is available at www.mcicoach.com.

For further information, please contact:   For investor inquiries, please contact:
     
Patricia Plodzeen, MCI Public Relations
Tel: 847-283-0883
E-mail: pat.plodzeen@mcicoach.com
  Stephen King
Tel: 204.224.6382
E-mail: stephen_king@newflyer.com

Motor Coach Industries - An NFI Group Inc Company: Corporate Address 200 East Oakton Street, Des Plaines, Illinois 60018 | Phone: 866-MCICOACH

Copyright 2004-2018 Motor Coach Industries Int'l, Inc. and its subsidiaries. All Rights Reserved.