FAQs

Here are some common definitions and terms used by NFI in our disclosure and materials:

• Single and double deck buses manufactured by New Flyer and Alexander Dennis Limited are classified as "transit buses". ARBOC Specialty Vehicles, LLC manufactures body on-chassis or low floor “cutaway” and "medium-duty" buses that service transit, paratransit, and shuttle applications. Collectively, transit buses, medium-duty buses and cutaways, are referred to as "buses".
• A “motorcoach” or “coach” is a 35-foot to 45-foot over-the-highway bus typically used for intercity transportation and travel over longer distances than heavy-duty transit buses, and is typically characterized by (i) high deck floor, (ii) baggage compartment under the floor, (iii) high-backed seats with a coach-style interior (often including a lavatory), and (iv) no accommodation for standing passengers. “Product lines” include heavy-duty transit buses, motorcoaches, pre-owned coaches, cutaway and medium-duty buses.
• Zero-emission buses ("ZEBs") consist of trolley-electric, hydrogen fuel cell-electric, and battery-electric buses and motorcoaches.
• One equivalent unit (or “EU”) represents one production “slot”, being one 30-foot, 35-foot, 40-foot, 45-foot heavy-duty transit bus, one double deck bus, one medium-duty bus, one cutaway bus or one motorcoach, whereas one articulated transit bus represents two EUs. An articulated transit bus is an extra-long transit bus (approximately 60-feet in length), composed of two passenger compartments connected by a joint mechanism. The joint mechanism allows the vehicle to bend when the bus turns a corner, yet have a continuous interior.
• Many public customer contracts include options to purchase transit buses and motorcoaches in the future, and a large portion of the Company’s order book is represented by “options” as opposed to “firm orders.”