The inexorable “bigger is better” economic logic of consolidation that has reshaped much of the fixed-wing side of aviation is now beginning to emerge in the rotary-wing world as well.
With its 2007 acquisition of Pittsburgh-based CJ Systems, Air Methods has become the largest civil air ambulance provider in the country. Integrating CJ into Air Methods has proceeded smoothly, so far, said CEO Aaron Todd, but there are challenges ahead.
Aeromedical transport operator Air Methods (Booth No. 1043) on Thursday announced that Paul Tate will become its new COO effective March 31. Tate, who has been a member of Air Methods’ board of directors since August 2003, comes to Air Methods from Frontier Airlines, where he has been the executive vice president and CFO since October 2001.
With its acquisition last year of Pittsburgh-based CJ Systems, Air Methods (Booth No. 1043) has become the largest civil air ambulance provider in the country. Integrating CJ into Air Methods has proceeded smoothly, so far, said CEO Aaron Todd, but he admitted there are challenges ahead.
Air Methods (Booth No. 1043) has delivered to Mayo Medical Transport of Rochester, Minn., a “comprehensively equipped” EC 145 EMS helicopter, the first of that model completed for an operator other than Air Methods’ own aeromedical transport divisions. The new EC 145 is the first of two for the Mayo Clinic. The air medical interior by Denver-based Air Methods can accommodate two critical care patients and three medical attendants.
Mayo Medical Transport took delivery of a new Eurocopter EC 145 in December. The helicopter, completed by Air Methods’ products division, is the first EC 145 Air Methods completed for an outside customer. The Mayo EC 145 is equipped with a seven-liter external liquid oxygen system to create more cabin space. The helicopter also features an NVIS-compatible dual-pilot IFR cockpit, satcom datalink and TCAS.
As evidence of a continual, albeit gradual, increase in the sale of commercial helicopters, multi-ship purchases are on the upswing. One of the most notable in recent months has been Air Methods’ order for a half-dozen Eurocopters–five AS 350B2s and one EC 130B4. All six will be delivered before the end of this year and receive EMS interiors and completion work at the products division of Air Methods in Englewood, Colo.
Denver-based Air Methods has reached a definitive agreement to acquire all the stock of FSS Airholdings, the parent company of medical helicopter provider CJ Systems. CJ operates 113 medevac helicopters and fixed-wing aircraft and employs 800 people nationwide. The deal is valued at $25 million and is expected to close by the end of next month. Last year FSS posted a net income of $1.2 million on revenue of $128.8 million.
Air Methods’ products division has been selected by American Eurocopter to provide medical interiors, avionics and airframe accessories for the AS 350 and EC 130. Air Methods says it is capable of 10 to 20 conversions per year. Each conversion has a market value of approximately $500,000. Air Methods has performed almost 40 Eurocopter EMS modifications over the last four years.
Denver-based Air Methods Corporation has reached a definitive agreement to acquire all of FSS Airholdings’ stock, the parent company of medical helicopter provider CJ Systems. CJ operates 113 medevac helicopters and fixed wing aircraft and employs 800 nationwide. The deal is valued at $25 million and is expected to close by the end of October. Last year FSS posted a net income of $1.2 million on revenue of $128.8 million.