Air Methods Closes Acquisition of Sundance Helicopters, Inc.

Air Methods Closes Acquisition of Sundance Helicopters, Inc.

DENVER, Dec. 31, 2012 (GLOBE NEWSWIRE) -- Air Methods Corporation
(Nasdaq:AIRM), the global leader in air medical transportation, announced
today that it has successfully completed its acquisition of Sundance
Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas,
Nevada. Sundance is a leader in helicopter tour operations, focusing primarily
on Grand Canyon helicopter tours, but also providing helicopter services to
support fire fighting, natural resource agency operations, vertical lifts,
aerial photography/motion pictures, news gathering, and aerial surveying.
Sundance generated consolidated revenue of approximately $52.3 million for the
fiscal year ended March 31, 2012.

Aaron Todd, the Company's chief executive officer, stated, "Air Methods is
very pleased to have completed all the necessary steps to close our
acquisition of Sundance within our original expectation. We continue to
believe that the key aviation adjacencies associated with this acquisition
will position us well for success not only in the tour operations market, but
also the fire fighting, natural resource agency operations, vertical lifts,
aerial photography, news gathering, and aerial surveying helicopter sectors.
We look forward to Sundance joining the Air Methods family."

Air Methods Corporation (www.airmethods.com) is the global leader in air
medical transportation. The Air Medical Services Division is the largest
provider of air medical transport services for hospitals and one of the
largest community-based providers of air medical services. United Rotorcraft
Division specializes in the design and manufacture of aeromedical and
aerospace technology. Air Methods' fleet of owned, leased or maintained
aircraft features over 400 helicopters and fixed wing aircraft.

Forward Looking Statements: Forward-looking statements in this news release
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Statements in this press release that are
"forward-looking statements", including statements regarding the Company's
ability to realize key aviation adjacencies associated with the acquisition,
are based on current expectations and assumptions that are subject to risks
and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors, including but not limited to, entry
into a new industry, changes to general, domestic and foreign economic
conditions; the size, structure and growth of the Company's air medical
services and United Rotorcraft Division; the collection rates for patient
transports; the continuation and/or renewal of air medical service contracts;
the anticipated impact from the Company's internal reorganization; extreme
weather conditions across the U.S.; development and changes in laws and
regulations, including, without limitation, the impact of the Patient
Protection and Affordable Care Act; increased regulation of the health care
and aviation industry through legislative action and revised rules and
standards; and other matters set forth in the Company's filings with the SEC.
The Company is under no obligation (and expressly disclaims any obligation) to
update or alter its forward-looking statements, whether as a result of new
information, future events or otherwise.

The Air Methods Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6955

Please contact Christine Clarke at (303) 792-7579 to be included on the
Company's fax and/or mailing list.

CONTACT: Trent J. Carman
         Chief Financial Officer
         (303) 792-7591

Air Methods Corporation
 
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