Keystone Sells Off EMS Division

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Keystone Helicopter Corporation said Monday it had reached an agreement with Seacor Holdings LLC to sell its Flight Services Division, which operates some 35 emergency medical services (EMS) helicopters throughout the eastern U.S. and Puerto Rico. According to Keystone, the division employs more than 200 pilots and technicians and operates 24/7. Terms of the sale were not disclosed. Sikorsky Aircraft Corporation acquired Keystone in 2005. "Seacor is a multibillion-dollar company with diversified businesses, including helicopter operations," stated David Ford, president of Keystone Helicopter, in a letter to the employees and customers of the company.

"They have indicated that they have a strategic goal of growing their presence in that market, and see Keystone's Flight Services Division as an excellent fit with their existing operations. This bodes well for the division, as Seacor has the resources and the incentive to invest in growing them into an even stronger competitor in the air medical industry." Seacor, of Fort Lauderdale, Fla., is primarily in the offshore oil and gas and inland transportation industries. It also provides oil-spill response and environmental remediation services. Among its aviation industry holdings are Tex-Air Helicopters and Era Aviation, both of which serve the offshore oil-exploration industry, among other markets.