BUSINESS
07/18/2011 09:58 EDT | Updated 09/17/2011 05:12 EDT

New Flyer Industries, Winnipeg Firm, Sees Bus Orders Surge In Second Quarter

CP

THE CANADIAN PRESS -- WINNIPEG - New Flyer Industries Inc. (TSX: NFI.UN) received orders worth $466 million for about 952 buses in the second quarter of fiscal 2011, the Winnipeg-based company announced Monday.

The number of orders received in the three months ended July 3 was 47 per cent lower than the year-earlier period but 304 per cent higher than in the first quarter, New Flyer said.

The second-quarter orders included 381 new firm and option orders and 571 exercised options.