New Flyer Named One of Canada's Most Earth-Friendly Employers for 2008

Winnipeg, Manitoba, Canada − April 24, 2008 − (TSX:NFI.UN) New Flyer Industries Canada ULC  (“New Flyer”) the leading manufacturer of heavy-duty transit vehicles in Canada and the United States, has been named as one of Canada’s most earth-friendly employers for 2008 by the editors of Canada’s Top 100 Employers. 

Employers were evaluated based on environmental initiatives that involve employee participation and the degree to which environmental values have been integrated into the corporate culture.  Other employers selected for the 2008 list include Fairmont Hotels and Resorts, Hewlett-Packard Canada Co., Toronto Hydro Corporation, HSBC Bank Canada and Toyota Motor Manufacturing Canada, Inc. 

“We are pleased to receive this recognition and honored to be named as a recipient in the inaugural year of this award,” said John Marinucci, New Flyer’s President and CEO.  “This validates the substantial effort we have put forth in ensuring our pollution prevention and waste reduction activities are successful and embraced by our employees.  Not only do we offer the broadest range of environmentally-friendly vehicles of any heavy-duty transit bus manufacturer in Canada and the U.S., we are committed to building these vehicles in a sustainable manner.”

New Flyer operates a Volatile Organic Compound (VOC) reduction program, which is the backbone of its pollution prevention activities, and employee education is a critical component to the success of this program.  Since 2002, New Flyer has reduced the amount of VOCs released into the environment by approximately 46%.  Employees are also trained on product usage and waste reduction, which has eliminated the use of thousands of liters of paint and the associated waste stream. 

New Flyer has been certified to ISO 14001 environmental management standard since 2005.  In 2005, the Canadian Council of Ministers of the Environment (CCME) awarded New Flyer the 2005 CCME Pollution Prevention Award.  In 2004, CALSTART, North America’s leading advanced transportation organization, awarded New Flyer the Blue Sky Award, which is given for outstanding marketplace contributions to advanced, sustainable transportation.

About New Flyer

New Flyer is the leading manufacturer of heavy-duty transit buses in the United States and Canada. The Company’s three facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN -- are all ISO 9001, ISO 14001 and OHSAS 18001 certified.  With a skilled workforce of over 2,200 employees, New Flyer is a technology leader, offering the broadest product line in the industry, including drive systems powered by clean diesel, LNG, CNG, hydrogen fuel cell and electric trolley as well as energy-efficient gasoline-electric and diesel-electric hybrid vehicles.  All products are supported with an industry-leading, comprehensive parts and service network.  New Flyer’s Income Deposit Securities are traded on the Toronto Stock Exchange under the symbol NFI.UN. 

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of New Flyer Industries Inc. and New Flyer 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 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, New Flyer and NFI ULC disclaim 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.

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New Flyer Industries Inc.