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The Company announced that the agreement closely tracks with its settlement offer provided to the union in November 2005, with certain exceptions. The new tentative agreement provides for additional increases in compensation above those set forth in the November settlement offer, which includes an estimated $600,000 in 2006 for increases in beginning base compensation and certain overtime pay. The tentative agreement also provides for an average increase in pay scales of between approximately 2.25% to 2.50% above the typical inflationary adjustments over each of the years in the 2007 to 2009 period.Aaron Todd, CEO of Air Methods, stated, "We are pleased to have reached a tentative settlement offer with our pilots' union. The terms of this new pending agreement will keep Air Methods competitive in providing services to our hospitals and communities, while giving us even better ability to attract a highly talented pilot workforce as we continue to grow our operations."Air Methods Corporation (www.airmethods.com) is a leader in emergency aeromedical transportation and medical services. The Air Medical Services Division is the largest provider of air medical transport services for hospitals. The LifeNet Division is the largest community-based provider of air medical services. The Products Division specializes in the design and manufacture of aeromedical and aerospace technology. The Company's fleet of owned, leased or maintained aircraft features approximately 200 helicopters and fixed wing aircraft. Source: Press Release