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Leadership Changes at New Flyer for 2017, Wayne Joseph Named President, Transit Bus Business and Brian Dewsnup Named President, Aftermarket Parts Business

December 23, 2016 | New Flyer

Winnipeg, Manitoba, Canada – December 23, 2016: (TSX:NFI) New Flyer Industries Inc. (the “Company”), the largest bus and motor coach manufacturer in North America, announced business unit leadership promotions. Effective January 1, 2017, Wayne Joseph becomes President, Transit Bus Business and Brian Dewsnup becomes President, Aftermarket Parts Business for both New Flyer and MCI.

Wayne Joseph currently Executive Vice President Bus has become President of the Transit Bus business unit. Wayne joined New Flyer in 2008 and prior to that held executive positions in bus manufacturing for over thirty years with NABI, Blue Bird Body Company and Flxible, and at BAE Systems. Wayne holds a Bachelor of Science in Business Administration and an Accounting Degree from Ashland University in Ohio. He also has a Certified in Production and Inventory Management (CPIM) designation.

The Company also announced the combination of the New Flyer and MCI aftermarket parts businesses under Brian Dewsnup. Currently Vice President and General Manager of the MCI aftermarket business, Brian will become President of the combined New Flyer and MCI aftermarket parts businesses. Brian was previously the CFO of North American Bus Industries (NABI) which was acquired by New Flyer in 2013. Prior to that Brian served as Controller of Johns Manville's Waterville operations - a Berkshire Hathaway Company, and held various finance capacities at Ford Motor Company and Visteon Corporation. Brian has an MBA in Finance, a Master’s Degree in Mechanical Engineering, and a Bachelor's Degree in Mechanical Engineering.

Paul Soubry continues as President and Chief Executive Officer of New Flyer Industries Inc., the parent company of New Flyer and MCI.

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, 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.

Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc., 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 S417 and S407 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.

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.

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

For further information, please contact: Jon Koffman
Investor Relations
Tel: 204-224-6672