New Flyer Announces Ratification of New 5-Year Collective Agreement for St. Cloud Facility



    WINNIPEG, March 29 /CNW/ - New Flyer Industries Inc. (TSX:NFI.UN) ("New
Flyer" or the "Company"), the leading manufacturer of heavy-duty transit
vehicles in Canada and the United States, was extremely pleased to announce
today that the members of the Communications Workers of America bargaining
unit at the Company's St. Cloud, Minnesota facility ratified a new five year
collective bargaining agreement. This 5-year agreement replaces the previous
agreement which expires on March 31, 2008.
    This new collective bargaining agreement provides changes which will
facilitate a more efficient and effective working relationship between the
Company and its employees which Management anticipates will enhance
productivity levels at the St. Cloud facility. The new agreement provides an
average annual increase of 3.3% over the term of the five year agreement. The
agreement has laid the foundation for future growth in production and
employment levels at the St. Cloud facility and has better positioned the
Company to respond to the growth in the sales of transit buses.
    The St. Cloud bargaining unit represents 467 employees, representing
approximately 30% of New Flyer's total unionized workforce in the U.S. and
Canada.

    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 approximately 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 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. Further information is available on Company's web site at
www.newflyer.com.

    Forward-Looking Statements
    --------------------------
    This press release may contain forward-looking statements relating to
expected future events and financial and operating results of New Flyer and
New Flyer Industries Canada ULC ("NFI ULC") 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.





For further information:

For further information: New Flyer Industries Inc., Glenn Asham, Chief
Financial Officer, Telephone: (204) 224-1251


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