Air Medical Transportation Company Strengthens Position In The Helicopter Tour Arena

Air Methods Corporation has successfully completed its acquisition of Blue Hawaiian Helicopters and its affiliates (“Blue Hawaiian”), a helicopter tour operator based in Hawaii. Founded in 1985, Blue Hawaiian is a large aerial tour operator flying a fleet of 24 helicopters consisting of Eurocopter AS350s and EC130s. Blue Hawaiian reported that it generated consolidated revenue of approximately $47 million for the fiscal year ended December 31, 2012.

Aaron Todd, Air Methods’ Chief Executive Officer, stated “Air Methods is very pleased to have completed the acquisition of Blue Hawaiian, a ‘blue chip’ tour company with best-in-class air fleet, pilots, management and tours. The addition of Blue Hawaiian significantly strengthens Air Methods’ Tourism Division and continues our focus on vertical integration and the search for key aviation adjacencies to our core business. We look forward to Blue Hawaiian joining the Air Methods family.”
 
“Blue Hawaiian is the dominant force in the strong Hawaiian air tour market. The efficiency and synergies between Air Methods and its existing tour operator, Sundance Helicopters, will benefit the core strength of Blue Hawaiian and the entire group” said David Chevalier, Blue Hawaiian’s Chief Executive Officer.

FMI: www.airmethods.com