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Microcap & Penny Stocks : Air Methods (airm)

AIRM 42.95

0.0%

Apr 24 5:00 PM EST

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From: Paul Lee	10/25/2005 10:01:36 AM
	of 877

Air Methods' Products Division Awarded FAA Designated Alteration Station Authority Tuesday October 25, 7:00 am ET DENVER, Oct. 25 /PRNewswire-FirstCall/ -- Air Methods Corporation (Nasdaq: AIRM - News) today announced that the Federal Aviation Administration (FAA) has awarded its Products Division the authority of a Designated Alteration Station (DAS), DAS-635841-NM, as provided for under Title 14 of the Code of Federal Regulations, Part 21, Subpart M. This authority permits the Division to approve modifications and repairs to aircraft that it currently supports under its FAA Certified Repair Station using the Supplemental Type Certification method of approval with only minimal involvement from the FAA. This privilege is granted to very few organizations. Of the many companies in the United States providing modifications and maintenance for helicopters, Air Methods' Products Division is one of only a few companies to be granted this authority. "Air Methods Products Division provides air ambulance operators and other customers with aircraft modifications that must be FAA certified before entering service. Minimizing the length of time required to complete these projects increases availability of valuable aircraft. The DAS authority allows our team to control the schedule and reduce the time the aircraft is being modified," says Arthur Torwirt, Vice President of Air Methods' Products Division. Mr. Torwirt added, "It is an honor to receive such a rare authority and we would like to thank the team in the Denver FAA Aircraft Certification Office for its assistance and support these past several years with certifying the numerous air ambulance aircraft for communities across the United States." The Products Division has several new development projects that it will certify under its new authority. The DAS will also give Air Methods and the Division an increased competitive advantage by bringing aircraft and products to the market faster than those without this authority.

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