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Sun, Jan 06, 2013

Air Methods Closes Acquisition Of Sundance Helicopters

Final Terms Of The Deal Were Not Disclosed

Air medical transportation company Air Methods Corporation has successfully completed its acquisition of Las Vegas, NV-based helicopter tour operator Sundance Helicopters, Inc.

Sundance focuses primarily on Grand Canyon helicopter tours, but also provides helicopter services to support fire fighting, natural resource agency operations, vertical lifts, aerial photography/motion pictures, news gathering, and aerial surveying. Sundance generated consolidated revenue of approximately $52.3 million for the fiscal year ended March 31, 2012.
 
Aaron Todd, the Company’s chief executive officer, stated, “Air Methods is very pleased to have completed all the necessary steps to close our acquisition of Sundance within our original expectation. We continue to believe that the key aviation adjacencies associated with this acquisition will position us well for success not only in the tour operations market, but also the fire fighting, natural resource agency operations, vertical lifts, aerial photography, news gathering, and aerial surveying helicopter sectors. We look forward to Sundance joining the Air Methods family.”
 
The Air Medical Services Division claims to be the largest provider of air medical transport services for hospitals and one of the largest community-based providers of air medical services. United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. Air Methods’ fleet of owned, leased or maintained aircraft consists of over 400 helicopters and fixed-wing aircraft.

(Pictured: Air Methods AS350)

FMI: www.airmethods.com

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