October 1, 2007

Air Methods Corp. Press Release

DENVER, Colorado — Air Methods Corporation, the largest air medical transportation company in the world, announced Monday that the Company has completed its acquisition of 100% of the outstanding common stock of FSS Airholdings, Inc., the parent company of CJ Systems Aviation Group, Inc., based in Pittsburgh, PA. The transfer of ownership was effective Oct. 1 at 12:01 a.m. 

Air Methods Corp. operates LifeNet Air Medical in Kentucky. CJ Systems operated Medflight of East Kentucky and STATCARE in Kentucky.

The final cash purchase price was $25 million and was primarily financed through a new five-year, $50 million term loan and a new five-year, $50 million line of credit with a commercial bank group.   

Mr. Aaron Todd, Chief Executive Officer of Air Methods, stated, “We are extremely pleased to have completed this acquisition on the original anticipated closing date.  Initial feedback regarding this business combination from customers and communities served by both Air Methods and CJ has been very favorable overall.  We now look forward to realizing the many benefits this acquisition will create for our customers, employees, and investors.”

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About Air Methods Kentucky

Air Methods Kentucky is a full-service air medical transport system covering Kentucky and southern Indiana. Founded in 1982 as the first civilian air medical program in Kentucky, in 1995 it became the first air medical program in the state to earn CAMTS (Commission on Accreditation of Medical Transport Systems) accreditation. It operates 10 helicopter ambulances and one fixed wing ambulance throughout its region, with state offices headquartered in Lexington. With a mission of safety, quality, and integrity, Air Methods Kentucky is committed to providing its patients and medical and emergency service partners with a high level of care and professionalism. For more information about Air Methods Kentucky, visit http://www.airmethodsky.com. 

About Air Methods Corporation

Air Methods Kentucky is owned by Air Methods Corporation (NASDAQ: AIRM), the nation’s largest provider of air medical emergency transport services and systems. The company is dedicated exclusively to air medical transport, focusing on the quality of care to patients, and safety in aviation operations. With 27 years of experience, the company transports more than 84,000 patients annually who require intensive medical care from either the scene of an accident or general care hospitals to highly skilled trauma centers or tertiary care centers. For more information about Air Methods Corporation, visit http:// www.airmethods.com.