Massachusetts-based Peter Pan Bus Lines acquires 15 new MCI motor coaches

Des Plaines, Illinois, USA – September 12, 2024: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Motor Coach Industries (MCI), a subsidiary of NFI Group Inc. (NFI) and North America’s motor coach leader backed by reliable in-field technical expertise, 24/7 roadside assistance, and parts support, today announced the delivery of 15 new clean-diesel J4500 coaches to Peter Pan Bus Lines (Peter Pan), an iconic operator based in Springfield, Massachusetts.

The delivery marks Peter Pan’s 45th MCI vehicle purchase in recent years to update and grow its fleet, which will support the company’s expansion in the Northeast. Peter Pan recently announced a partnership with Megabus, taking over all its routes in the area.

Peter Pan is one of the largest privately-owned bus companies in the U.S., operating an all-MCI fleet of more than 200 coaches and making over 1,000 daily departures to more than 100 destinations across the Northeast.

“Peter Pan Bus Lines is growing fast by adding motor coaches, routes, drivers and amenities to better serve our customers in Washington, DC, Baltimore, Philadelphia, and other cities,” said Peter A. Picknelly, Chairman and CEO of Peter Pan. “One thing that won’t change is our commitment to customer satisfaction with clean buses, professional drivers, and on-time service.”

The new, tailor-made J4500 coaches from MCI include advanced safety features, modern amenities, and the latest technology while staying true to Peter Pan’s spacious cabin design and signature interior. Peter Pan consistently relies on MCI for new coaches, technical support, and replacement parts to keep its operations running smoothly, reduce maintenance costs, and provide an exceptional customer experience. Peter Pan is currently working with MCI on a 2025 order to further expand its fleet.

“We love to be part of Peter Pan’s growth. For decades, we have worked together to provide coaches that enhance the brand and excel in everyday service,” said Brent Maitland, Vice President of MCI Private Sector Sales and Marketing. “The relationship we have with the Peter Pan team pushes our product and support to be the best, and we truly appreciate working together.”

About MCI

MCI is North America’s public and private market motor coach leader. Products include the luxury J Series (an industry best-seller for over a decade), the workhorse D Series, and the brand new zero-emission luxury and commuter coaches: the battery-electric J4500 CHARGE™, D45 CRT CHARGE™, and D45 CRT LE CHARGE™. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With 8,750 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer^® (heavy-duty transit buses), MCI^® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares are traded on the Toronto Stock Exchange under the symbol NFI, its convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com.

Forward-Looking Statement

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; production may be delayed or production rates may be decreased as a result of the pandemic or ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. 

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.

For investor or media inquiries, please contact:

Stephen King
P: 204.224.6382
[email protected]