Air Methods To Acquire Blue Hawaiian Helicopters - Quick Facts

(RTTNews) - Air Methods Corp. (AIRM), the global leader in air medical transportation, announced it has entered into a definitive agreement to acquire Blue Hawaiian Helicopters and its affiliates, a helicopter tour operator based in Hawaii.

Blue Hawaiian offers 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. It generated consolidated revenue of approximately $47 million for the fiscal year ended December 31, 2012.

Air Methods believes the acquisition will be accretive to earnings per share at levels consistent with the acquisition of Sundance Helicopters.

Aaron Todd, Air Methods' CEO, said, "the acquisition of Blue Hawaiian, when combined with Sundance Helicopters, our aerial tour operator acquired in December 2012, will position Air Methods Tours as the leading aerial tour provider in two of the most coveted tourism venues in the United States: the Las Vegas/Grand Canyon region and Hawaii."