Air Methods Exits Level 2 FAA Safety Management System Status
DENVER, Jan. 6, 2011 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, recently was informed by the Federal Aviation Administration (FAA) that it successfully exited Level 2 status in the FAA's Safety Management System (SMS) pilot program. Air Methods is the only helicopter air medical operator to have exited Level 1 and Level 2 in the FAA's SMS voluntary implementation program, and one of only eight commercial air operators (including major commercial U.S. airlines) in the nation to earn a Level 2 exit SMS status acknowledgement letter.
"This is a major safety milestone for Air Methods and the air medical industry, and we are extremely proud of the accomplishment," stated Paul Tate, Chief Operating Officer. "At the beginning of 2010 one of our major objectives was to mature our SMS and this acknowledgment by the FAA confirms our efforts have been focused, defined and successful."
Air Methods' SMS is a result of the FAA Advisory Circular 120-92 (originally published in 2006 and updated in August 2010) that encourages commercial air operators to embrace a fully comprehensive SMS. The FAA SMS follows the International Civil Aviation Organization (ICAO) standard as a system safety management approach to controlling risk by providing the organizational framework to support a sound safety culture. It also provides the company's management with a detailed roadmap for monitoring risk management and safety-related processes.The intent of the "Level Status" is to allow aviation service providers to implement an SMS in a standardized manner and to allow recognition of each level of accomplishment. In 2009, Air Methods entered the FAA SMS voluntary implementation program, which is overseen and evaluated directly by the FAA. "Air Methods believes a structured SMS defined by the FAA is very effective at identifying and mitigating risk and encourages all certificate holders engaged in air medical operations to participate in this voluntary SMS program overseen by the FAA," Tate stated.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV