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.
Air Methods will be working with Mayo Clinic Medical Transport of Rochester, Minn., to provide interior completion services for the clinic’s new Eurocopter EC 145.
Bell 206 JetRanger, Bonifay, Fla., Feb. 5, 2005–The pilot of JetRanger N35BA was killed when the helicopter crashed soon after takeoff from Bonifay, 95 miles east of Pensacola. The accident pilot had flown the JetRanger, registered to Lakeland,Fla.-based Lance Aviation, the previous week for contract work for the Florida Fish and Wildlife Conservation Commission and was returning to base.
The products division of Air Methods Corp. of Englewood, Colo., is displaying several products for three helicopter manufacturers here at Heli-Expo 2005. Created 10 years ago to allow the products group to offer services and products to outside commercial and military customers, the stand-alone division has grown to a $15 million per year business.
Bell 412, Hesperia, Calif., Dec. 10, 2006–Bell 412SP N410MA, operated by LifeNet dba Mercy Air Services, crashed in the mountains near the top of Cajon Pass, killing the commercial pilot and two medical crewmembers. The helicopter was destroyed in the post-crash fire. VMC prevailed along the route from the Loma Linda University Medical Center to Southern California Logistics Airport in Victorville. A company VFR flight plan was filed.
Air Methods, one of the nation’s largest air medical transportation providers, yes-terday signed a memorandum of under-standing with American Eurocopter to buy 15 EC 135s. Deliveries are expected to begin next year.
EMS operator Air Methods has signed a memorandum of understanding with American Eurocopter to buy 10 AS 350 B2/B3 AStars annually, on an indefinite basis. According to the Denver-based operator, the additional aircraft are needed to meet requirements for single-engine platforms in the medical field. Some will replace older aircraft, which are more expensive to operate.