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New Flyer Industries is a leading Bus manufacturer in North America , headquartered in Winnipeg , Manitoba . It also has factories in Crookston and St. Cloud , Minnesota . It has been a supplier of buses to Vancouver and the Toronto Transit Commission over several decades. .]] HISTORY New Flyer was founded by John Coval in 1930 as the Western Auto and Truck Body Works Ltd. Reflecting an increased focus on bus manufacturing, it changed its name in 1948 to '''Western Flyer Coach'''. In the 1960s the company further focused on the Urban Transit bus market. Once again it changed its name to '''Flyer Industries Limited''' in 1971. On July 15, 1986, Jan den Oudsten, a descendant of the family who created the Dutch company Den Oudsten Bussen BV , purchased Flyer Industries, changing its name to New Flyer Industries Limited. Den Oudsten Bussen B.V was a leading and innovative bus manufacturer in its native country, The Netherlands . New Flyer subsequently introduced North America's first Low-floor bus, delivering the D40LF to the Port Authority Of New York And New Jersey in 1991. In 2001, the delivery of 6300 low-floor buses represented close to half of the North American fleet, confirming New Flyer as the dominant player in the transit bus manufacturing industry in North America. In March 2002, New Flyer was acquired by KPS Special Situations Fund in New York . Also in the same year, Mr. den Oudsten retired as CEO of New Flyer Industries Ltd. and has recently been inducted into the Hall of Fame of the American Public Transportation Association for his achievements and contributions at New Flyer. On December 15, 2003, New Flyer announced that Harvest Partners, Inc., a New York-based leading private equity firm specializing in middle market investments, had entered into definitive agreements to acquire New Flyer Industries Limited, from KPS Special Situations Fund. Lightyear Capital, LLC, a New York based private equity firm joined Harvest as a co-investor in the transaction. John Marinucci, CEO of New Flyer, said, "This is exciting news for New Flyer" And he went on to say that KPS specializes in turning around struggling businesses and that they typically do not hold assets after the turnaround has been accomplished. And that ever since the KPS purchase, New Flyer had achieved excellent opperational and financial performance. He especialy praised the employees. In 2004, New Flyer received the order of low-floor trolleybus from Greater Vancouver Transportation Authority , they are 188 E40LF and 40 E60LF. The first E40LF was arrived in July 2005, the rest of them will be delivered since August 2006. On March 22, 2006, John Marinucci, met with Harvest Partners, Inc., to discuss the sale of New Flyer to an undisclosed (potential) buyer. It is believed that the latest numbers for the company shall be released soon. "October 2nd's numbers are trailing and not a reflection of where we are today". Marinucci had no comment when asked about the possibility of any new ownership of the company happening soon. Instead he responded by saying, "I've been involved with two different private equity groups as owners and recently gone public all in a short period of time" (refering to the ownership of the company). As of March 22, 2005 at the close of stock exchange the share price of NFI remained substantially unchanged, at $9.40 in low volume, 0% change. CoreData. BUS MODELS
:LF - Low Floor, '''HF''' - High Floor :S and '''V''' - Viking (suburban transit coach) discontinued around 2000 . The remaing models see good usage in Houston, Texas and small usage (only 3 buses used, all on one route, the X51 run out of Casey Stengel Bus Depot ) in New York, New York . Historical The D700 and D800 buses are similar models to Flxible-Grumman Model 53102-6-1 (buses used by New York's MTA):
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