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.
Satellite Technology International (Booth No. 1829), via its approach development team (ADT), has consulted on 95 percent of all helicopter GPS approaches in the U.S. in the past nine years. At Heli-Expo, STI announced new development projects and expanded networks for current clients.
The New Jersey State Police would like to permanently relocate one of the state’s medevac helicopter units to Somerset Airport (SMQ), near the middle of the northern half of the Garden State. But Bedminster township committeeman Kurt Joerger vehemently opposes relocating the helicopter to his district from the roof of a Newark hospital.
A call comes in to operations: a young American woman vacationing on a dive boat in the Caribbean is suffering from serious burns after a fire broke out on board the vessel. Her passport and all documents were lost in the accident, and she needs to be repatriated to the U.S. for medical attention–fast.
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