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Reason for Delay in New Flyer XD60 Order


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New Flyer Industries Inc. announced that its second-half 2012 production schedule has been adjusted as a result of a delay in receiving a notice to proceed (“NTP”) from a large US customer (New York MTA) for an order of 90 Xcelsior 60-foot articulated buses. New Flyer has been advised that the contract is fully funded and was approved by the agency’s board of directors nearly three months ago, but has been delayed as a result of the State’s requirement that sole-sourced procurements be independently reviewed.

 

 

(Source: New Flyer)

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