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NJ TRANSIT AWARDS MCI THE THIRD YEAR OF THE 6-YEAR CONTRACT FOR 182 COMMUTER COACHES

DES PLAINES, ILLINOIS, MAY 9, 2018: (TSX:NFI) Motor Coach Industries (MCI), the U.S. subsidiary of New Flyer Industries Inc. ("NFI Group"), the largest transit bus and motor coach manufacturer and parts distributor in North America announced today that NJ TRANSIT issued a purchase order for year three of its six year contract to manufacture and deliver 182 commuter coaches for an approximate total value of $ 93 million.

MCI expects to have completed all year two deliveries of 187 commuter coaches by May 31, 2018, and will begin production of year three coaches starting in September of 2018. The MCI Commuter Coaches are powered by clean diesel which has exhaust emissions reduced as required by the latest Clean Air Act amendments and feature a 57-seat configuration that is Wi-Fi ready, seatbelt-equipped and compliant with the Americans with Disabilities Act (ADA).

"It is our privilege to support NJ TRANSIT in its mission to provide safe, reliable, convenient and cost-effective transit service to the people of the great State of New Jersey," said Tom Wagner, MCI Vice President Public Sector. "We attribute the continued partnership to both the quality of our coaches and the strong service relationship forged with NJ TRANSIT."

NJ TRANSIT is the third largest provider of bus, rail and light rail transit in the United States, linking major points in New Jersey, New York and Philadelphia. The agency operates a fleet of more than 2,200 buses covering some 255 routes. With its full complement of buses, trains and light rail vehicles, NJ TRANSIT completes over 277 million passenger trips each year. NJ TRANSIT has purchased over 2,000 coaches over three decades from MCI, including 147 compressed natural gas (CNG) models in 2015.

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

About NFI Group

NFI Group and its subsidiaries comprise the largest bus and motor coach manufacturer and parts distributor in North America, with 32 fabrication, manufacturing, distribution, and service centers located across Canada and the United States and employing nearly 6,000 team members.

NFI Group provides a comprehensive suite of mass transportation solutions under several brands: New Flyer® (heavy-duty transit buses), ARBOC® (low-floor cutaway and medium-duty buses), MCI® (motor coaches), and NFI Parts™ (bus and coach parts, support, and service). NFI Group's vehicles incorporate the widest range of drive systems available ranging from clean diesel, natural gas, diesel-electric hybrid, trolley-electric, battery-electric, and fuel cell-electric.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI Group 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 suspend or 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 NFI Group 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 at www.newflyer.com, www.arbocsv.com, and www.mcicoach.com. The common shares of NFI Group are traded on the Toronto Stock Exchange under the symbol NFI.

For further information, please contact:

Patricia Plodzeen, MCI Public Relations
Tel: 847-283-0883
E-mail: pat.plodzeen@mcicoach.com
or Lindy Norris, New Flyer Marketing
Tel: 204-792-8424
E-mail: Lindy_Norris@newflyer.com

Motor Coach Industries - A New Flyer Group 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.