Mark Huber is an aviation industry veteran who has worked in the flight training, aircraft sales, aircraft component, and airport development businesses. He has flight time in more than 50 different and diverse aircraft, including helicopters, aerobatic aircraft, vintage warbirds, jet fighters, business jets and turboprops, and transport-category aircraft. He has jumped out of several of these—on purpose—with a parachute. His defense and aviation journalism has been published in a variety of national and international periodicals.

Contributor

Mark Huber

Air ambulance provider Air Methods has received approval for its pre-packaged Chapter 11 reorganization plan from the U.S. Bankruptcy Court for the Southern District of Texas. Air Methods continues to operate normally since filing for bankruptcy protection on October 24 and said it expects to emerge from Chapter 11 before year-end. The reorganization plan was approved by the company’s lenders and noteholders and will reduce its overall debt by $1.7 billion while infusing it with $185 million of fresh capital from investors.
“We look forward to moving ahead with a substantially stronger balance sheet and additional financial flexibility as we continue providing industry-leading air medical service to our healthcare partners, communities, customers, and patients,” said Air Methods CEO JaeLynn Williams. She said the company will continue executing “growth initiatives, including opening new greenfield bases, growing our frontline team, and going in-network with additional commercial insurers.”
Air Methods operates 365 aircraft—mainly helicopters—from 275 bases in 47 states. It was acquired by private equity firm American Securities for $2.5 billion in 2017, when it operated from more than 300 bases. In its bankruptcy filing, it listed liabilities estimated at between $1 billion and $10 billion.

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

Court Approves Air Methods Bankruptcy Reorganization Plan

Air Methods to receive $185 million under reorganization plan

Air ambulance provider Air Methods is receiving $185 million from investors under a reorganization plan that wipes out $1.7 billion in debt.

Court Approves Air Methods Bankruptcy Plan

2024 Corporate Aviation Leadership Summit

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Lilium's CFO Oliver Vogelgesang is moving to Volocopter

Volocopter Reshuffles Leadership as eVTOL Certification Slips into 2025

AmyWilder

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Expansion of fleet will enhance service during holidays

Wheels Up Completes $332M Financing, Acquires 17 Jets

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

Industry group says this is the first in a series of new features for EBACE

EBAA Merges Air Ops Conference with EBACE Trade Show

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

Letter to Honeywell's board says Aerospace unit should run as a standalone business 

Fund Manager Elliott Demands Breakup of Honeywell Group

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

More In Finance, Taxes, Insurance

Volocopter Reshuffles Leadership as eVTOL Certification Slips into 2025

Lilium's CFO Oliver Vogelgesang is moving to Volocopter

Wheels Up Completes $332M Financing, Acquires 17 Jets

Expansion of fleet will enhance service during holidays

EBAA Merges Air Ops Conference with EBACE Trade Show

Industry group says this is the first in a series of new features for EBACE

Fund Manager Elliott Demands Breakup of Honeywell Group

Letter to Honeywell's board says Aerospace unit should run as a standalone business

Blade Logs 3Q Net Loss Despite Flight Growth

Medical and passenger flight demand increased alongside revenues

Vertical Pushes Back eVTOL Certification, Says New Funding Will Come

UK company is not the only eVTOL aircraft developer facing delays in the launch of commercial operations

NetJets, FSI Post Strong 3Q Revenue Amid Rising Costs

Aviation services lead revenue gains, but earnings take a hit

Wheels Up Stabilizes as Bizjet Fleet Renewal Starts

Company's third-quarter financials have ended seven consecutive quarters of declining revenues

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN