Blue Bird

[birdshill123]

Pete Masterson:

Actually transit bus sales are at all time highs. Or at least for
some companies. New Flyer Undustries , a Canadian Company, is
runnng extra shifts and hiring more staff to keep up with orders.
Here is their January Pres release.


Winnipeg, Manitoba, Canada; January 15, 2009

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, announced today that total
new orders reported during fiscal 2008 totaled 4,815 buses (6,690
equivalent production units or "EUs") for a total of US $2.78 billion
in orders. This reflects a win rate of 64% of tenders in which New
Flyer participated. These orders are for a variety of vehicle
configurations, including 35-, 40- and 60-foot buses with clean
diesel, diesel-electric hybrid, gasoline-electric hybrid and
compressed natural gas (CNG) propulsion systems. In addition, these
orders are from both current and new customers.

New Flyer's order backlog as of December 28, 2008 was 9,531 EUs,
which represents an increase of 38% in comparison to the 6,916 EUs in
backlog at January 1, 2008. The value of the order backlog as of
December 28, 2008 of US $4.1 billion has increased by 44% compared to
the US $2.8 billion backlog at the start of 2008. Given current
market conditions, management does not expect cancellations in orders.

A breakdown of the percentage of the total backlog of 9,531 EUs
available for conversion to firm orders is shown in the table below.

Bus Length Hybrid Electric Diesel CNG and Other Alternatives
40' and under 21% 18% 13%
60' articulated 43% 4% 1%

Firm orders included in the order backlog as of December 28, 2008
totaled US $ 1.2 billion or 2,498 equivalent units which is
consistent with the January 1, 2008 firm orders of US $1.2 billion or
2,844 equivalent units.

As of December 28, 2008, options included in the order backlog
totaled US $2.9 billion or 7,033 equivalent units. In comparison
options included in the January 1, 2008 order backlog totaled US $1.6
billion or 4,072 equivalent units. The Company is pleased to report
that 99.5% of available options at the beginning of Fiscal 2008 were
either exercised or remain available for future conversion to firm
orders. Options included in the December 28, 2008 order backlog
available for exercise by year are shown below.

Year EU Options Available
2009 686
2010 755
2011 1,102
2012 1,580
2013 2,910

Currently, there are a total of 9,852 EUs in the order pipeline for
heavy-duty transit buses for 2009; these include bids that have been
submitted, bids currently in process, and anticipated bid activity to
the end of the year based on transit customers' fleet procurement
plans.

NOTE: All dollar amounts are stated in US currency based on an
exchange rate of US $1.00 = Cdn $1.21 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 2,400 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
http://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 http://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, please contact:
New Flyer Industries Inc.
Glenn Asham
Chief Financial Officer
Tel: 204-224-1251




I would think that CCW's transit bus refurb. operation would show
similar results.


Bruce