New Flyer Backlog Increases 70 Percent to $3.1 billion

    WINNIPEG, Nov. 20 /CNW/ - (TSX:NFI.UN) New Flyer Industries Inc. ("New
Flyer" or the "Company"), the leading manufacturer of heavy-duty transit
vehicles in Canada and the United States, announced today that it has received
new orders for up to 1216 buses for a combined value of over US $670 million.
Of these new orders, 466 buses are firm orders and 750 are options. These
orders are for a variety of vehicle configurations, including 35-, 40- and
60-foot buses and diesel and diesel hybrid-electric propulsion systems.
    The level of activity in 2007 has resulted in a significantly improved
backlog position for the year. The total number of orders reported by New
Flyer in 2007 is 5102 buses with a value of over US $2.5 billion.
    New Flyer's backlog as of the end of October 2007 was 7743 equivalent
production units, which represents an increase of 40% in comparison to the
5,313 equivalent production units in backlog at the start of the year. The
value of the order backlog as of the end of October 2007 of US $3.1 billion
has increased by 72% compared to the US $1.8 billion backlog at the start of
the year. The portion of firm orders included in the backlog has increased to
US $1.3 billion (3040 equivalent production units) as of the end of October
2007 from US $0.8 billion (2189 equivalent production units) at the start of
the year.
    NOTE: All dollar amounts are stated in US currency based on an exchange
rate of US $1.00 = Cdn $0.9848 to calculate the value of the Canadian
contracts in this release.

    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

    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 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, Tel: (204) 224-1251

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