Air Methods Plans Bankruptcy Filing on Debt Load, Profit Hit
Air Methods Corp. is preparing to file for Chapter 11 bankruptcy protection, with first-lien lenders likely to take control of the air ambulance service, according to people with knowledge of the matter.
news.bloomberglaw.com
Based on what I’ve seen since they took over our turboprop program it’s kind of surprising, their expenses must have been pretty low since they never fly and they get paid just to have the airplane sitting there…