Air Methods' Pilots Ratify First Collective Bargaining Agreement
04/03/06
DENVER, April 3 /PRNewswire-FirstCall/ -- Air Methods Corporation (Nasdaq: AIRM) announced today that their pilots have voted to accept the Company's settlement offer that was extended to the Union on February 23, 2006. This is the pilots' first Collective Bargaining Agreement with an effective date of January 1, 2006, expiring on April 30, 2009.
Aaron Todd, CEO of Air Methods, stated, "We are pleased to have finally reached an agreement with our pilots. The terms of this agreement will keep Air Methods competitive in providing services to our hospitals and communities, while giving us an ability to attract a highly talented pilot workforce as we continue to grow our operations."
Air Methods Corporation (www.airmethods.com) is a leader in emergency aeromedical transportation and medical services. The Air Medical Services Division is the largest provider of air medical transport services for hospitals. The LifeNet Division is the largest community-based provider of air medical services. The Products Division specializes in the design and manufacture of aeromedical and aerospace technology. The Company's fleet of owned, leased or maintained aircraft features approximately 200 helicopters and fixed wing aircraft.
Forward-Looking Statements: This news release includes certain forward-looking statements, which are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the size, structure and growth of the Company's air medical services and products markets; the collection rates for patient transports; the continuation and/or renewal of air medical service contracts; the acquisition of profitable Products Division contracts and other flight service operations; the successful expansion of the community-based operations; and other matters set forth in the Company's public filings.
CONTACTS: Aaron D. Todd, Chief Executive Officer, (303) 792-7413 or Joe Dorame at Lytham Partners, LLC, at (602) 889-9700. Please contact Christine Clarke at (303) 792-7579 to be included on the Company's fax and/or mailing list.
SOURCE Air Methods Corporation
-0- 04/03/2006
/CONTACT: Aaron D. Todd, Chief Executive Officer of Air Methods
Corporation, +1-303-792-7413; or Joe Dorame of Lytham Partners, LLC,
+1-602-889-9700, for Air Methods Corporation/
/Web site: http://www.airmethods.com /
(AIRM)
CO: Air Methods Corporation
ST: Colorado
IN: AIR TRN HEA MTC
SU: LBR
MH-BF
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