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Slide #33. Air Methods — Blue Hawaiian Helicopters
Air Methods (AIRM)
Blue Hawaiian Helicopters
Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, announced today that it 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 one of the world's largest aerial tour operators and is the premier helicopter tour company in the State of Hawaii, offering a diverse portfolio of twelve scheduled tours on five of Hawaii's six tourist islands. Blue Hawaiian operates a fleet of 24 helicopters consisting of Eurocopter AS350s and EC130s. Blue Hawaiian generated consolidated revenue of approximately $47 million for the fiscal year ended December 31, 2012.
Air Methods provides air medical transportation services and designs, manufactures, and installs medical aircraft interiors and other aerospace and medical transport products. Co.'s divisions, or business segments, consist of the following: Air Medical Services, which provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under operating agreements; Tourism, which provides helicopter tours and charter flights, mainly focusing on Grand Canyon and Hawaiian Island tours; and United Rotorcraft, which designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products.
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