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			EXHIBIT 10.1

				

				

			

		
			Magnus International Resources, Inc.

						

						

					TERM SHEET

				

		

		
			This Term Sheet will serve as an agreement in principle of the terms upon which Magnus International Resources, Inc (“Magnus”) will acquire an option to purchase the equivalent of 30% of all mining, extraction, processing, mineral sales rights and all other rights to exploit the mineral property (“Property”) described in Schedule “A” hereto by the receipt of 30% of the fully diluted equity capital of a BVI company (“BVI Co.”) to be established by Sinoglobe Worldwide Limited (“Sinoglobe” or the “Company”).  This Term Sheet is a binding commitment.  The terms and conditions set forth herein are based on limited information provided by the Company and are subject to change pending the completion of due diligence by Magnus. 

				

			

		

			
					Investment Company

						Target:

						

					

					
					BVI Co.

				
	
					Offeror:

					
					Sinoglobe

						

					

				
	
					Property:

					
					Described in Schedule “A”

						

					

				
	
					Property Owner Cash

						Payments by Magnus:

					
					An aggregate $2,000,000US will be paid by Magnus to the Property owner on behalf of the  BVI Co as follows:

						$500,000US refundable* upon execution of this term sheet;

							

						
	$1,000,000US refundable* on April 28, 2006;

							

						
	$500,000US on closing on completion of due diligence.
					

					* Magnus shall have a 90 day due diligence period from the date of execution of this Agreement and in the event Magnus determines not to proceed then this Agreement shall terminate and the payments above shall be refunded.

						

					

				
	
					Property Owner Stock

						Payments by Magnus:

					
					Upon Magnus determining to proceed at the end of the 90 day due diligence period then Magnus shall issue to the Property owner, on behalf of BVI Co., an aggregate of 5,000,000 common shares of Magnus to be issued as to 1,000,000 shares on closing on the completion of due diligence and four lots of 1,000,000 shares upon processing of the first four lots of 100,000 tonnes of titanium oxide ore from the Property. Upon lapse of the Rule 144 hold period, the shares shall be 

				

		

		

		

		

		

		

		

		

		

				subject to a trading restriction agreement limiting annual sales to 1,500,000 shares and monthly sales to 125,000 shares and daily trading to not more than five percent of daily volume.

					

				
	
					Property Expenditure

						by Magnus:

					
					Magnus shall provide 60% of all Property exploration and development expenses on behalf of BVI Co. until the earlier of the parties advancing a total of $10,000,000US or a pre-feasibility report being completed whereupon Magnus shall thereafter provide 30% of all Property exploration and development expenses.

						

					

				
	
					Earning of 30% of

						BVI Co.

					
					Upon Magnus having made the $2,000,000 payment to the Property owner, issued the 5,000,000 common shares to the owner and expended its funding commitment on the Property or the pre-feasibility report being completed then Magnus shall be vested in a 30% fully diluted equity of BVI Co., effective the date of the pre-feasibility report, for payment of $100.00US issue price.  Magnus may determine to make advance payment at any time to earn its interest.

						

					

				
	
					Magnus Status and

						Rights During and after

						30% Earning

					
					Upon Magnus completing due diligence and determining to proceed, Magnus shall thereafter have the following rights:

						Magnus shall have the right to no less than one representative on the board of BVI Co.

							

						
	Magnus or its appointee shall be operator of the Property and all activities thereon.  Magnus or its appointee shall be the managing director of BVI Co. and shall have account authority on all accounts of BVI Co or the Property

							

						
	For the first year after this Agreement no interest in BVI Co or the property may be issued or sold without the approval of Magnus, which shall not be unreasonably with held.  Moreover, in that first year and thereafter, in the event BVI Co or any direct or indirect stockholder thereof determines to sell any interest in BVI Co or the Property (except for family estate planning) then Magnus shall have a right of first refusal to acquire the same on the intended offered terms for not less than 60 days
					

					Upon Magnus earning its 30% interest then it shall have the following rights:

					

						Magnus shall have the right to no less than one representative on the board of BVI Co.

							

						
	Magnus or its appointee shall continue to be operator of the Property and all
					

				

		

		

		

		

		

		

		

		

		

				
					
						activities thereon and Magnus or its appointee shall be the managing director of BVI Co. and shall have account authority on all accounts of BVI Co or the Property unless a majority of stockholders vote otherwise

						

					

			In the event BVI Co or any direct or indirect stockholder thereof determines to sell any interest in BVI Co or the Property (except for family estate planning) then Magnus shall have a right of first refusal to acquire the same on the intended offered terms for not less than 60 days.
					

						

				
	
					Due Diligence Period:

					
					Magnus shall have the right to conduct due diligence as to BVI Co., its participants and the Property for a period of 90 days which shall be deemed to terminate June 30, 2006, unless extended by mutual agreement.  Magnus shall have a period of 10 days from such date to determine whether to proceed.  In the event that Magnus does not give notice that it wishes to proceed then it shall be deemed to have elected to terminate this Agreement.  Sinoglobe and BVI Co. shall grant Magnus full and unimpeded immediate access to all records, personnel and facilities of BVI Co and the Property which Magnus may request.  Magnus may conduct all such tests and exploratory work on the Property as it may deem required subject to Magnus effecting any remediation which may be required by any activities under law.

						

					

				
	
					BVI Co Organization

						and Formal Agreement:

					
					It is intended that the other 70% of BVI Co. shall be owned by a holding company (“Hold Co”) which shall be owned 45% by the Property owner and 55% by other persons.  Prior to the termination of the due diligence period BVI Co and Hold Co shareholdings shall be effected and the persons thereof shall have granted to Magnus the rights set forth above by execution of a shareholders agreement. 

					It is intended that Hold Co. shall pay the Property owner an additional $1,000,000US within six months of the date of this Agreement.   

					It is also agreed that BVI Co shall cause the Property Owner to be granted a 3% NSR on all production from the Property.

					The terms of this agreement, upon demand of either party, shall be effected into a formal agreement employing standard industry terms, failing which this Agreement shall govern.

						

					

				
	
					Remedies upon an

						Event of Default:

					
					If an event of material default occurs then a party shall give the other party notice of such default and the party in default shall cure the same within 15 days of notice, failing which the non-defaulting party may terminate this agreement.  If Magnus is 

				

		

		

		

		

		

		

		

		

		

		

				
					the party complaining of material default and such occurs during the due diligence period then it may elect to suspend the running of time until default is cured.

					Notwithstanding the foregoing, the non-defaulting party reserves its rights and remedies in the Event of Default and nothing contained herein shall be deemed to limit those rights or remedies.

						

					

				
	
					Short Selling:

					
					No party of BVI Co or Hold Co or Sinoglobe shall engage in any short selling techniques of  Magnus securities.

						

					

				
	
					Confidentiality:

					
					This Term Sheet is confidential. No party shall disclose this Term Sheet or its contents to third parties without the prior written consent of the other.

				

		

		To confirm your agreement with these terms please execute and return to us a copy of this Term Sheet on or before 5:30 p.m. (Pacific time) March 23, 2006 failing which this Term Sheet shall be void.

		

		Presented By:

		

		Magnus International Resources, Inc.

		

		By:      _/s/ Graham Taylor______________                                                 Date: March 23, 2006

		Name:     __Graham Taylor______________

		Title:       __Chairman, CEO_____________

		

		

		Agreed and confirmed:

		

		Sinoglobe Worldwide Limited

			

		By:      __/s/ Derrick Luu_______________                                                  Date: March 23, 2006

		Name:     ___Derrick Luu________________

		Title:       ___Director___________________
		

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

		

		

		

		

		

		

		
			Schedule A

							

						

		

		
			Property description

		

		The Tietonggou-Chongyanggou rutile property (‘the T-C Ti property’ hereafter) is located in the Xixia county, Henan province in central China.  This property is approximately 18km long (from Chongyanggou in the east to Tietonggou in the west), 1 to 2 km wide, with a total area of 34 km squares.  The exploration and the mining licenses of the property are registered to Zhongchun Oil in Beijing owned by Xichao Ma.

		The T-C Ti property lies in the eastern Qingling Mountains, topographically characterized by hills with low to moderate relief (50m to 260m relative relief).  Generally, the hills are not well vegetated, so that de-forestry compensation may not be a large cost.

		The climate is temperate with average rainfall around 840mm, mainly in spring and summer.  Mining can operate all year around.

		The region is densely populated and the local economy depends much on agriculture.  Sourcing local labor should not be a problem, and labor cost is expected to be moderate to low.

		Road access to the T-C Ti property is excellent, with the national highway #312 passing through the edge of the property (Fig. 1).  In addition, construction of an express way, also through the edge of the property, and railway (a railway station about a few km away) is currently underway.

		There are several abandoned rutile processing plants in the property (Fig. 2).  With a minor investment on renovation, it is possible that these structures could be used for ore processing and storage.

		Water supply for mineral processing does not appear to be of any problem, as the Shuixia river flows eastward through the property (Fig. 1). 

		In summary, infrastructure and the geographic conditions of the property are very good, with a mine easily going into production with a minimum investment on infrastructure.

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		Fig 1.  Access to the T-C Ti property. 

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

		

		

		Fig 2.  Abandoned mineral processing plants in the T-C Ti property.COLLECTIVE BARGAINING
                                    AGREEMENT

                                 By and Between

                             AIR METHODS CORPORATION

                                       and

        OFFICE AND PROFESSIONAL EMPLOYEES INTERNATIONAL UNION, LOCAL 109

                                      Term:

                    January 1, 2006  through  April 30, 2009

    Note: In the event this offer is rejected by vote of the membership, the
      Company reserves the right to withdraw the offer in whole or in part.

<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

                                                            Page No.
<S>           <C>                                           <C>
ARTICLE 1 -   Purpose of Agreement. . . . . . . . . . . . .   3

ARTICLE 2 -   Recognition . . . . . . . . . . . . . . . . .   3

ARTICLE 3 -   Agency Shop & Check Off . . . . . . . . . . .   4

ARTICLE 4 -   Management Rights . . . . . . . . . . . . . .   6

ARTICLE 5 -   Non-Discrimination. . . . . . . . . . . . . .   7

ARTICLE 6 -   Grievance Procedure . . . . . . . . . . . . .   7

ARTICLE 7 -   System Board of Adjustment. . . . . . . . . .   9

ARTICLE 8 -   No Strike/No Lockout. . . . . . . . . . . . .  12

ARTICLE 9 -   Discipline and Discharge. . . . . . . . . . .  12

ARTICLE 10 -  Union Representation. . . . . . . . . . . . .  14

ARTICLE 11 -  Seniority List. . . . . . . . . . . . . . . .  15

ARTICLE 12 -  Seniority . . . . . . . . . . . . . . . . . .  16

ARTICLE 13 -  Reductions in Workforce . . . . . . . . . . .  17

ARTICLE 14 -  Job Posting and Bidding . . . . . . . . . . .  19

ARTICLE 15 -  Training. . . . . . . . . . . . . . . . . . .  20

ARTICLE 16 -  Schedules of Service. . . . . . . . . . . . .  22

ARTICLE 17 -  Workover. . . . . . . . . . . . . . . . . . .  23

ARTICLE 18 -  Pilot Status. . . . . . . . . . . . . . . . .  25

ARTICLE 19 -  Pilot Classifications . . . . . . . . . . . .  25

ARTICLE 20 -  Fees & Physical Exams . . . . . . . . . . . .  27

ARTICLE 21 -  Moving Expenses . . . . . . . . . . . . . . .  27

ARTICLE 22 -  Travel Pay. . . . . . . . . . . . . . . . . .  28

                                        1
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

ARTICLE 23 -  Leaves of Absence . . . . . . . . . . . . . .  29

ARTICLE 24 -  On-the-Job-Injury . . . . . . . . . . . . . .  32

ARTICLE 25 -  Holidays. . . . . . . . . . . . . . . . . . .  33

ARTICLE 26 -  Sick Leave. . . . . . . . . . . . . . . . . .  34

ARTICLE 27 -  Vacation. . . . . . . . . . . . . . . . . . .  34

ARTICLE 28 -  Health Insurance. . . . . . . . . . . . . . .  36

ARTICLE 29 -  401(k) Plan . . . . . . . . . . . . . . . . .  37

ARTICLE 30 -  Jury Duty . . . . . . . . . . . . . . . . . .  37

ARTICLE 31 -  Bereavement Leave . . . . . . . . . . . . . .  38

ARTICLE 32 -  Severance Pay . . . . . . . . . . . . . . . .  38

ARTICLE 33 -  Bulletin Boards . . . . . . . . . . . . . . .  39

ARTICLE 34 -  General & Miscellaneous . . . . . . . . . . .  40

ARTICLE 35 -  Equipment & Facilities. . . . . . . . . . . .  42

ARTICLE 36 -  Productive Work Environment . . . . . . . . .  43

ARTICLE 37 -  Waiver & Complete Agreement . . . . . . . . .  43

ARTICLE 38 -  Savings Clause. . . . . . . . . . . . . . . .  44

ARTICLE 39 -  Duration. . . . . . . . . . . . . . . . . . .  45

APPENDIX A -  Salary Schedule . . . . . . . . . . . . . . .  46

APPENDIX B -  ACCRA Ratings . . . . . . . . . . . . . . . .  49
</TABLE>

                                        2
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                              PARTIES TO AGREEMENT

     This Agreement is entered into between AIR METHODS CORPORATION, hereinafter
called  the  "Company,"  and the OFFICE AND PROFESSIONAL EMPLOYEES INTERNATIONAL
UNION,  and its LOCAL 109 hereinafter jointly called the "Union" or the "OPEIU."

                                    ARTICLE 1
                              PURPOSE OF AGREEMENT
                              --------------------

SECTION  1.1
------------

     The purpose of this Agreement is, in the mutual interest of the Company and
     its  Pilots,  to  provide  for the operation of the services of the Company
     under  methods  which  will  further,  to  the fullest extent possible, the
     safety  of  air  transportation  and  the  efficiency  of  operation.

SECTION  1.2
------------

     No  Pilot  covered  by  this Agreement will be interfered with, restrained,
     coerced or discriminated against by the Company or the Union, its officers,
     or  its agents because of membership or non-membership in the Union, or any
     lawful  activity  under  the  Railway  Labor  Act  not in violation of this
     agreement.

SECTION  1.3
------------

     It  is  understood, whenever in this Agreement, Pilots or jobs are referred
     to in the male gender, it shall be recognized as referring to both male and
     female  Pilots.

                                    ARTICLE 2
                                   RECOGNITION
                                   -----------

SECTION  2.1
------------

     This  Agreement  is made and entered into in accordance with the provisions
     of  Title  II  of  the  Railway  Labor  Act, as amended, by and between Air
     Methods  Corporation  (the  "Company")  and  the  Office  and  Professional
     Employees International Union (the "Union") representing employees composed
     of  the  craft  and  class  of  Flight  Deck Crew Members (hereafter called
     "Pilots")  as  certified  by  the  National  Mediation Board in Case Number
     R-6949,  September  16,  2003.

                                        3
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     The  Company  hereby recognizes the Union as the sole collective bargaining
     agent  and  authorized  representative  for  those  employees  described in
     Section  1  above, to represent them and, on their behalf, to negotiate and
     conclude  agreements with the Company as to hours of work, wages, and other
     conditions  of  employment in accordance with the provisions of the Railway
     Labor  Act, as amended. This Collective Bargaining Agreement and any formal
     letters  of agreement between the Company and the Union may be collectively
     referred  to  as  the  "Agreement."

SECTION  2.2
------------

     This  Agreement  covers  all  revenue  flying performed by the Company with
     Pilots  on  its payroll. All revenue flying covered by this Agreement shall
     be  performed  by  Pilots whose names appear on the Air Methods Corporation
     Pilot's  System  Seniority  List.

SECTION  2.3
------------

     In  the event the Company sells all or part of its helicopter operations to
     another carrier during the term of this Agreement, in advance of such sale,
     the  Company  shall  give notice of the existence of this Agreement to such
     successor  carrier  and  shall  make  reasonable  effort  to  persuade such
     successor  carrier  to  agree to the continuation of the terms set forth in
     this Agreement. In the event the Successor Carrier does not adopt the terms
     of  this  Agreement the Company shall not be liable for any differences (in
     hours,  wages,  benefits,  or  all  other  working  conditions)  after  the
     effective  date  of  the  change  of  ownership.

SECTION  2.4
------------

     In the event the Company acquires all or substantially all of the assets or
     equity  of  another  carrier,  or  another  air  carrier  acquires  all  or
     substantially  all of the assets or equity of the Company, the Company will
     meet  promptly  with the Union to negotiate a possible "Fence Agreement" to
     be  in  effect  during  the  period,  if any, the two carriers are operated
     separately  without  integration of the Pilot work force. These discussions
     shall  not  be pursuant to Section 6 of the Railway Labor Act, and reaching
     an agreement with the Union shall not be a prerequisite for closing, or any
     other  aspect of the transaction or operations pursuant to the transaction.

                                    ARTICLE 3
                          AGENCY SHOP & DUES CHECK OFF
                          ----------------------------

SECTION  3.1
------------

     Membership in the Union is not compulsory. Pilots have a right to join, not
     join,  maintain,  or  drop  their  membership in the Union as they see fit.
     Neither party shall exert any pressure on or discriminate against any Pilot
     as  regards  such  matters.

SECTION  3.2
------------

     Each  Pilot  covered  by this Agreement who was hired prior to or after the
     execution  of  this  Agreement shall become a member or an agency fee payer
     within  sixty  (60)  days

                                        4
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     after  his/her  date  of  hire  or the effective date of this agreement and
     shall  be required as a condition of continued employment by the Company to
     pay  an equivalent agency fee, so long as this agreement remains in effect.
     The  agency  fee  referred to in this Section shall be equal to the Union's
     regular and usual initiation fee and its regular, uniform and usual monthly
     dues.  Notwithstanding  the foregoing, nothing herein shall be construed to
     be  in violation of or in conflict with the provisions of the Railway Labor
     Act.

SECTION  3.3
------------

     During  the life of this Agreement, the Company agrees that upon receipt of
     a  properly  executed  Authorization  of  Payroll  Deductions,  voluntarily
     executed  by  a  Pilot,  it will make bi-weekly deductions from the Pilot's
     earnings  after other deductions authorized by the Pilot or are required by
     law  have  been  made, to cover this current standard bi-weekly assessments
     and/or  initiation  fees or agency fees uniformly levied in accordance with
     the  Constitution and bylaws of the Union as set forth in the Railway Labor
     Act.

     Any  authorizations  for  payroll  deductions  under  this Article shall be
     effective  the  first day of the month following its receipt by the Payroll
     Department and shall apply to the next paycheck for which dues deduction or
     agency  fees  is  made.

SECTION  3.4
------------

     The  Company  remittance  to the union will be accompanied by a list of the
     Pilots names and employee numbers of the Pilots for who the deductions have
     been  made  in  that  particular month and the individual amounts deducted.
     Deductions  shall  be  remitted  to the designated Financial Officer of the
     Union  not  later  than  ten  (10)  days  after  the  deductions  are made.

SECTION  3.5
------------

     Collection  of  dues  or  agency  fees not deducted because of insufficient
     current  earnings  missed because of clerical error or inadvertent error in
     the  accounting  procedures,  agency fees missed due to delay in receipt of
     the  Authorization  for  Payroll Deductions, shall be the responsibility of
     the  Union  and  shall  not  be  the  subject  of  payroll  deductions from
     subsequent  paychecks,  and the Company shall not be responsible in any way
     for  such  missed  collections.  It  shall be the Union's responsibility to
     verify  apparent  errors  with the individual Pilot prior to contacting the
     Payroll Department. The total or balance of unpaid dues, assessments and/or
     initiation  fees  or agency fees due and owed the Union at the time a Pilot
     terminates  his  employment  shall  be  deducted from the final paycheck in
     accordance  with  applicable  law.

SECTION  3.6
------------

     An  Authorization  for  Payroll  Deduction  under  this  Article  shall  be
     irrevocable  for the term of this Agreement or for a period of one (1) year
     from the date the Authorization is first executed, whichever occurs sooner.
     Revocation  shall  become effective when the Pilot serves written notice on
     the Payroll Department to revoke such Authorization for payroll deductions.
     An  Authorization  for Payroll Deduction shall automatically be revoked if:

                                        5
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     A.   The  Pilot transfers to a position with the Company not covered by the
          Agreement;
     B.   The  Pilot's  service  with  the  Company  is  terminated;
     C.   The  Pilot  is  furloughed;  or
     D.   The  Pilot  is  on  an  authorized  leave  of  absence.

SECTION  3.7
------------

     Upon  written  demand  from  the  Union,  the  Company  shall terminate any
     employee  within  the  bargaining  unit who fails to tender the sum due the
     Union  under  Section  Two  of the Article within thirty (30) days from the
     date  such  sum  is  due  provided  the  Union  informs the Company and the
     employee  in  writing  and  allows  him/her an additional fifteen (15) days
     after the 30th day of delinquency. If the employee fails to resolve his/her
     dues  delinquency  with  the  Union during this fifteen (15) day period and
     after  notification to the Company by the Union, the Company will terminate
     the  employee  effective  the  end  of  that  payroll  period.

SECTION  3.8
------------

     Any  dispute  between  the  Company  and  the  Union  arising  out  of  the
     interpretation or application of this Article, when reduced to writing as a
     grievance,  shall  be  subject  to  the  Grievance  Procedure  by initially
     referring  the  grievance  to  Step  Three. The grievance thereafter may be
     processed  in  accordance  with  the provisions of Articles 6 and 7 in this
     Agreement.

SECTION  3.9
------------

     The  Union agrees to hold the Company harmless and to indemnify the Company
     against  any  suits,  claims,  liabilities,  and  reasonable  and customary
     attorney's  fees which arise out of or by reason of any action taken by the
     Company  under  the  terms  of  this  Article.

SECTION  3.10
-------------

     It  is  further agreed between the parties that the Union shall notify each
     Pilot  of  their  Beck  rights  as  provided  by  law.

                                    ARTICLE 4
                                MANAGEMENT RIGHTS
                                -----------------

SECTION  4.1
------------

     The Union recognizes that the Management of the business of the Company and
     the direction of the working force are vested exclusively with the Company,
     subject  to  the  expressed  provisions  of  this  Agreement.

SECTION  4.2
------------

     Except as restricted by an express provision of this Agreement, the Company
     shall  retain all rights to manage and operate its business and work force,
     including  but not limited to the right to sell, or discontinue or diminish
     in  whole  or  part  to  determine  where

                                        6
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     and  when  to  operate  scheduled  or unscheduled flights; to determine its
     marketing  methods and strategies; and to determine the type of aircraft it
     will  utilize  to  negotiate  customer  contracts  consistent  with  their
     requirement,  to  determine  the number of workover hours to be worked, the
     qualifications  of  Pilots  it  may employ and to adopt, modify and rescind
     reasonable  work  and  safety  rules.

SECTION  4.3
------------

     The exercise of any right reserved herein to manage in a particular manner,
     or  the  non-exercise  of  such right, shall not operate as a waiver of the
     Company's  rights  hereunder,  or  preclude the Company from exercising the
     right  in  a  different  manner  or  at  a  future  date.

SECTION  4.4
------------

     It  is  further agreed that the rights specified herein may not be impaired
     by  an  arbitrator  or  arbitration  even  though  the parties may agree to
     arbitrate  the  issue  involved  in  a  specific  manner as provided in the
     grievance  and arbitration procedure set forth elsewhere in this Agreement.

SECTION  5.
-----------

     Under any contract of services or joint venture agreement/arrangement where
     the  Company's  Operating  Certificates  are  utilized the flight deck crew
     members  will  be  covered  by  this  contract.

                                    ARTICLE 5
                               NON DISCRIMINATION
                               ------------------

     There  shall  be  no  discrimination  by  the  Company  or the Union in the
     application  of  the  terms  of  this  Agreement  because  of  race, color,
     religion,  national origin, age, sex or handicap. The Company and the Union
     will  comply  with  applicable  laws  prohibiting  discrimination.

                                    ARTICLE 6
                               GRIEVANCE PROCEDURE
                               -------------------

SECTION  6.1
------------

     Disputes  relating  to  the  interpretation  or application of the specific
     provisions  of  this  Agreement may be the subject of a grievance. Any such
     grievance  shall  be  processed  in  the  following  manner:

     Step 1.   The Pilot  shall  first attempt to resolve the grievance with his
               immediate supervisor within seven (7) calendar days from the date
               of  the  occurrence of the event giving rise to the grievance, or
               within  seven  (7)  calendar  days  of the date the Pilot knew or
               should  have  known  of  such  event.  The  supervisor  shall

                                        7
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

               give  his  answer  within seven (7) calendar days from that date,
               after  receiving permission to resolve said grievance from either
               the  applicable Operations Manager, Program Director or Designee.

     Step 2.   If the grievance is not resolved at Step 1 to the satisfaction of
               the  grievant,  the  grievance  shall  be  reduced to writing and
               presented  to the designated representative of the Company within
               seven  (7)  calendar  days  after  the  receipt  of the immediate
               supervisor's  answer. The written grievance must state the nature
               of  the  grievance,  the circumstances out of which it arose, the
               remedy or correction requested and the specific provisions of the
               Agreement  alleged  to  have  been  violated.  The  Company
               representative  will  give  his answer to the grievant in writing
               with a copy to the Union within seven (7) calendar days after the
               receipt  of  the  grievance.

     Step 3.   In the  event  the  decision  by  the  Company  representative is
               unacceptable  to  the  aggrieved  employee  or  union,  it may be
               appealed  in  writing  to  the  designated  representative of the
               Company  within  seven  (7)  calendar  days of the receipt of the
               decision.  The appeal must include a statement of the reasons the
               grievant  believes  the  decision  was  erroneous.  The Company's
               representative  shall  render a decision on the appeal in writing
               within  seven  (7) calendar days of receipt of the appeal. In the
               event the decision at Step 3 is unacceptable to the grievant, the
               Union  may appeal to the System Board of Adjustment in accordance
               with  Article  7  of  this  agreement.

SECTION  6.2
------------

     In  the  event  a  non-probationary Pilot who has been discharged wishes to
     grieve  such  discharge,  the  grievance must be presented at Step 2 within
     seven  (7)  calendar  days  after  the  termination.

SECTION  6.3
------------

     All  provisions of this Article shall apply to Union grievances except such
     grievances  shall  be presented to the designated Company representative at
     Step  2.

     Any  grievance  not  presented  and processed in the manner, and within the
     time  limits  set  forth  above,  shall  be waived and deemed null and void
     provided,  however,  at  any time in advance of the expiration of such time
     limit  the parties may agree, by mutual written consent, to extend any time
     limit  for  a  specified  period  of  time. Compliance with all time limits
     specified  in  this  Article  shall be determined by the date of mailing as
     established  by  postmark.

SECTION  6.4
------------

     No  grievance,  the basis for which occurred prior to the execution of this
     Agreement,  shall  be  considered.

                                        8
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  6.5
------------

     The  Company and the Union agree to furnish to the other party the names of
     their  designated  representatives  charged  with  administration  of  the
     grievance procedure within thirty (30) calendar days after the execution of
     this  Agreement. Any changes in these representatives shall be furnished to
     the  other  party  in  writing.

SECTION  6.6
------------

     The  Union  and  the  Company may, by mutual agreement in writing, elect to
     bypass  any or all steps in this Article and proceed to the System Board of
     Adjustment  in  accordance  with  Article  7  of  this  Agreement.

SECTION  6.7
------------

     All grievances resolved at any step of the grievance procedure prior to the
     Systems  Board  of  Adjustment  shall  be  on  a non-precedent basis unless
     mutually  agreed  otherwise.

SECTION  6.8
------------

     If  a  grievant  is  exonerated, his personnel file shall be cleared of all
     references  to the incident in question, consistent with applicable Federal
     regulations  and may not be used in future disciplinary actions against the
     Pilot.  A  grievant  that  is cleared of all charges shall be made whole in
     every  respect.

                                    ARTICLE 7
                           SYSTEM BOARD OF ADJUSTMENT
                           --------------------------

SECTION  7.1
------------

     In  compliance  with  Section  204,  Title  II of the Railway Labor Act, as
     amended,  this  Agreement  establishes  a System Board of Adjustment, which
     shall  be  called  the  Air  Methods  Pilots'  System  Board of Adjustment,
     hereinafter  called  "the  Board."

SECTION  7.2
------------

     The  Board  has  jurisdiction over timely filed and appropriately processed
     grievances  arising  out  of  the  interpretation  and  application  of the
     specific  provisions  of  this  Agreement  relating to rates of pay, rules,
     working  conditions,  discipline and discharge. The procedures set forth in
     this  Article  are the exclusive and mandatory forum for all such disputes.

SECTION  7.3
------------

     The  Board  does  not  have jurisdiction over any dispute unless all of the
     procedures  required  by  the  Grievance  Procedure  provided  for  in this
     Agreement  have  been  timely

                                        9
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     and  completely exhausted in the dispute, and the dispute has been properly
     submitted  to  the  Board  pursuant  to  the  provisions  of  this Article.

SECTION  7.4
------------

     Neither  the  Systems  Board  or  Arbitrator shall have any jurisdiction to
     modify,  add  to  or  otherwise  alter  or  amend  any of the terms of this
     Agreement  or  to  make  any  decision  that  has  such  an  effect.

SECTION  7.5
------------

     The  Board shall consist of four members, two of whom shall be selected and
     appointed by the Company and two of whom shall be selected and appointed by
     the  President  of  the  Local Union. A Board member appointed by the Union
     shall  serve  as chairman and a Board member appointed by the Company shall
     serve  as  vice-chairman in even years, and a Board member appointed by the
     Company  shall  serve as chairman and a Board member appointed by the Union
     shall  serve  as vice-chairman in odd years. The vice-chairman shall act as
     chairman  in  his  absence.

     Each  Board  member  has a vote in connection with all actions taken by the
     Board.  In  the  event  the four Board members cannot reach a decision with
     respect to a particular dispute, the Board will select a neutral member who
     will  decide  the dispute. In the event the Board cannot agree on a neutral
     member,  within seven (7) calendar days thereafter either party may request
     that  the American Arbitration Association (AAA) submit a list of seven (7)
     arbitrators,  all  of  whom  are  members  of  the  National  Academy  of
     Arbitrators.  The  Arbitrators shall be selected in accordance to the rules
     of  AAA.  The  Board hearing before the third party neutral member shall be
     conducted  in  accordance  with  the  AAA  rules.

SECTION  7.6
------------

     The Board will meet quarterly in a location determined by mutual agreement,
     provided  that  at such time there are cases on file with the Board for its
     consideration.

SECTION  7.7
------------

     Any  expenses  incurred by Board members appointed by one of the parties to
     this  Agreement  will  be  paid by that party. The fees and expenses of any
     neutral  member  of the Board shall be borne equally by the Company and the
     Union.

SECTION  7.8
------------

     Disputes  may  only be submitted to the Board by the President of the Local
     Union  or  a  duly  designated  officer  of the Union or the Company's Vice
     President  of  Human  Resources.

                                       10
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  7.9
------------

     Decisions  by the Board are final and binding on the Company, the Union and
     the  affected  Pilots,  provided  they  conform  to  Section  7.4  above.

SECTION  7.10
-------------

     The  party appealing a final decision under the Grievance Procedure in this
     Agreement  shall  submit  the dispute for consideration by the Board within
     fourteen  (14)  calendar  days  of  that decision, including all papers and
     exhibits, and a list of potential witnesses known to the appealing party at
     that  time  shall  be  submitted  by  each  party seven (7) days prior to a
     scheduled  Board of Adjustment. Neither party will intimidate or coerce any
     witness  so identified. If the appeal is not made within this fourteen (14)
     day  period,  the  Board  does  not  have  jurisdiction  over  the dispute.

SECTION  7.11
-------------

     All  disputes  referred to the Board shall be sent to the Vice President of
     Human  Resources  for  the Company and his/her office shall assign a docket
     number  according  to  the order in which the dispute is received. However,
     grievances  involving suspension or discharge shall be given preference for
     disposition.

SECTION  7.12
-------------

     The  appealing  party  will ensure that a copy of the petition is served on
     the  members  of  the  Board.  Each case submitted to the Board must state:

     A.   The  question  or  questions  at  issue;
     B.   a  statement  of  the  facts  with  supporting  documents;
     C.   a  reference  to the applicable provisions of the Agreement alleged to
          have  been  breached;
     D.   the  position  of  the  aggrieved  party;  and
     E.   the  remedy  requested.

SECTION  7.13
-------------

     Decisions by the Board shall be rendered no later than thirty (30) calendar
     days  after  the  close  of  the hearing or receipt of post-hearing briefs.

SECTION  7.14
-------------

     The  Company  and  the  Union shall, in good faith, attempt to make a joint
     submission  of  their  dispute  to  the Board. If the parties are unable to
     agree  on  a  joint submission, the appealing party shall file a submission
     with  the  Board  containing all of the information described in Article 6,
     Section  1,  and  the  responding party may do the same. Any party filing a
     submission  with  the  Board pursuant to this Article shall serve a copy of
     its  submission  with  the  other  party.

                                       11
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  7.15
-------------

     The parties agree that each Board member is free to discharge his duties in
     an  independent  manner without fear of retaliation from the Company or the
     Union because of any action taken by him in good faith in his capacity as a
     Board  member.

                                    ARTICLE 8
                              NO STRIKE/NO LOCKOUT
                              --------------------

SECTION  8.1
------------

     Neither  the  Union  or any of its agents (stewards) nor any of its members
     will  collectively,  concertedly,  or  in  any  manner  engage in a strike,
     sick-out,  boycott, sympathy strike, slow down or work stoppage of any kind
     during  the  term of this Agreement. During the term of this Agreement, the
     Company  agrees  not  to  lock  out  any  of  the employees covered by this
     Agreement.  It  is  further  understood  that  the  duly-authorized
     representatives  of the Union shall use their best efforts on behalf of the
     Union  to  actively encourage the employees engaging in a violation of this
     Section  to  cease  such conduct. If the Company knows one of its Customers
     will  have  a primary picket line, the Company will notify the Pilot before
     dispatching  the  Pilot  to  the  location.  A  Pilot may refuse to take an
     assignment  to  cross  a  picket  line if he has reasonable safety concerns
     based  on  verifiable  incidents  of picket line misconduct at the site. In
     such  cases,  the Company reserves the right to meet Customer needs however
     it  deems  appropriate.

SECTION  8.2
------------

     Employees  found  to  be in violation of the terms of this Section shall be
     subject  to  discharge.  Such  discharge  shall  not  be  subjected  to the
     grievance  procedure  and  System  Board  of  Adjustment provisions of this
     agreement, except as to the question of whether the Pilot engaged in such a
     violation.

                                    ARTICLE 9
                            DISCIPLINE AND DISCHARGE
                            ------------------------

SECTION  9.1
------------

     Pilots may be subject to disciplinary action, up to and including discharge
     for  just  cause  including  violation  or  infraction  of company rules or
     policies, or for violating this Agreement. The Company will continue to use
     a  system  of  progressive discipline. The Company may suspend a Pilot with
     pay  prior to notifying him of the nature of the charge against him. Within
     seven  (7)  calendar days of the date of suspension the Company will inform
     the Pilot in writing, with a copy to the Union, of the nature of the charge
     and  its  decision  on  the  type  of  discipline  that  should be imposed.

                                       12
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  9.2
------------

     In  a  case  where  a  Pilot  is  called  into  a meeting where as a result
     disciplinary action could be taken against him, the Pilot may request to be
     accompanied  by  his  Steward,  and  such  a request will be granted by the
     Company.  Request  for  a steward or alternate shall be honored if they are
     available  within  a  reasonable time not to exceed forty-eight (48) hours,
     provided  the  Company  incurs no workover or travel costs whatsoever. If a
     Pilot  at  the base, while on duty, is selected to attend such meeting as a
     representative  of the Pilot being investigated, he shall suffer no loss in
     pay.  If called to take a mission, the Pilot and the one being investigated
     shall  reschedule  said  meeting at the earliest possible time. The parties
     agree  that  there  shall be no delay in the duty Pilot taking the mission.

SECTION  9.3
------------

     Upon his request, a Pilot's personnel file shall be open for his inspection
     during  normal  office  hours  in the presence of a Company representative,
     upon  reasonable notice. Nothing of a derogatory nature will be placed in a
     Pilot's  file  unless  a  copy  is  sent to the Pilot. Upon receipt of such
     report,  the  Pilot  shall  have  the option of responding by returning his
     explanation  or  comments  to be included with the report in his file or by
     challenging  the  accuracy  of  the  report.  If the Company determines the
     challenge to be justified, the report will be removed from the Pilot's file
     and  destroyed.  If  the  Company determines otherwise, it shall notify the
     Pilot  he  may  then  appeal  this  decision  through  the normal grievance
     procedure.

SECTION  9.4
------------

     Customer  complaints  or  correspondence  of  a derogatory nature shall not
     serve as the basis for discipline after twelve (12) months from the date of
     issuance  unless  within  the  twelve  (12)  month  period there has been a
     recurrence  of  the  same  or  similar  nature.

SECTION  9.5
------------

     Disciplinary  records  involving  safety matters shall not serve as a basis
     for any disciplinary action after five (5) years from the date of issuance.

SECTION  9.6
------------

     A  Pilot  may  be  immediately  removed  from  the payroll and suspended or
     discharged  without  pay  if  he  violates  the  FAA Drug/Alcohol policy or
     commits  other  acts  of  serious  misconduct.

SECTION  9.7
------------

     In  the  event  the  Pilot  feels  he  has  been  unjustly  disciplined  or
     discharged, the Pilot or Union may appeal in writing the Company's decision
     to  the  Company  designee  within  seven  (7) calendar days of the adverse
     action  against  the  Pilot.  Such  appeal  will  be taken at Step 2 of the
     grievance  procedure and must set forth the facts giving rise to the appeal
     and  state  the  remedy  or  relief  requested.

                                       13
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  9.8
------------

     The  parties recognize that flight safety is paramount to the well-being of
     the  business,  patients  and  employees.  The  Pilots  acknowledge  it  is
     essential  to abide by all applicable FAR's. The parties further agree that
     neither  will  rely upon any discipline administered prior to the execution
     of  this  agreement.

                                   ARTICLE 10
                              UNION REPRESENTATION
                              --------------------

SECTION  10.1
-------------

     In  the  event  it  is  necessary  for  a Union representative to enter the
     premises  owned or leased by the Company to discuss the application of this
     Agreement,  the  Union  representative  shall  notify  the  manager for the
     particular  location,  and they shall arrange a mutually satisfactory time,
     date  and  place for the visit within a five (5) day period thereafter. The
     Union  representative  shall not take any action that would interrupt or in
     any  way  interfere  with the Company's operations or the job duties of any
     employee.  Such  visits  shall  comply  with  customer  or  base  entrance
     requirements.

SECTION  10.2
-------------

     The Company will not be obligated to deal with any Union representative who
     has  not  been  designated in writing to be an authorized representative of
     the  Union.

SECTION  10.3
-------------

     The  Union  may  elect  or  appoint Pilots to be primary job steward(s) and
     alternate(s)  to  conduct  Union  business and shall notify the Company, in
     writing,  of  their  election, appointment or removal. Pilots who have been
     designated as primary stewards (and the alternate steward in the absence of
     the  primary  steward)  shall  be  granted  reasonable time to investigate,
     present  and process grievances during their normal duty hours without loss
     of pay, provided it does not cause a delay in meeting mission requirements.
     Stewards  or  alternates  who serve their fellow Pilots shall be considered
     Union  representatives.

SECTION  10.4
-------------

     The  Company  and  the Union desire that complaints and grievances shall be
     settled  whenever  possible  with  supervisors  at  the  location where the
     complaint  or  grievance  originates.  It  is  understood and agreed that a
     steward's  activities  shall  fall  within  the  scope  of  the  following
     functions:

     A.   To  consult with a Pilot(s) regarding a presentation of a complaint or
          grievance  that  the  Pilot(s)  desires  to present. Stewards shall be
          permitted  to  present grievances to management and attempt to resolve
          any  grievance.

                                       14
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     B.   To  present a grievance or complaint to a Pilot's immediate supervisor
          in  an  attempt  to  settle  the matter. Stewards shall be granted the
          right  to  consult  with  Pilots  at  their  base  for  the purpose of
          enforcing  the  provisions  of  this  agreement.

     C.   To  investigate  a  complaint or grievance as defined in the grievance
          Procedure.

SECTION  10.5
-------------

     The  Company  and  the  Union  agree that a minimum amount of time shall be
     spent  in  the  performance  of  steward  duties.

                                   ARTICLE 11
                                 SENIORITY LIST
                                 --------------

SECTION  11.1
-------------

     The  Air  Methods  Corporation Pilot System Seniority List shall consist of
     the  seniority  number,  name,  and seniority date of all Pilots covered by
     this  Agreement.  The Company will post the seniority list on its web page.
     Thereafter Pilots may post the seniority list on the bulletin boards, where
     permitted,  and/or  in  the Union information book. Copies of the seniority
     list  will  be  furnished  to  the  Union.

SECTION  11.2
-------------

     When two or more Pilots are employed on the same date, they shall be placed
     on  the  seniority  list  according to the last four digits in their social
     security number. The Pilot with the lowest last four digits will be awarded
     the  most  senior  position.

     A.   In  the  event  more  than  one  Pilot  is hired from a newly acquired
          contract  such  Pilots  shall be placed at the bottom of the seniority
          list  in  order  of  their  time in service with the previous company.

SECTION  11.3
-------------

     The  Company  agrees  to  update  the  seniority  list each six (6) months,
     beginning  with  the  effective  date  of this Agreement with a copy to the
     Union. A Pilot shall have a period of thirty (30) days after the posting of
     the  seniority  list  to  protest  to the Company any omission or incorrect
     posting  affecting  his seniority. Pilots on vacation, leave of absence, or
     furlough  shall be permitted thirty (30) days after their return to duty to
     make  any protest concerning his seniority. Once the thirty (30) day period
     has  expired  without a protest, the posting will be considered correct and
     shall  not  be subject to further protest, unless the omission or incorrect
     posting  was  the  result  of  a clerical error on the part of the Company.

                                       15
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 12
                                    SENIORITY
                                    ---------

SECTION  12.1
-------------

     Seniority  of a new hire Pilot shall begin on the date the Pilot is entered
     on  the  Company's  payroll.

     A.   It is understood and agreed Pilots who are employed by AMC at the time
          of  this Agreement shall be placed on the Company seniority list using
          their original date of hire with AMC or, if applicable, their original
          date  of  hire  from  a  previously  acquired  Company.

     B.   In  the event of future acquisitions or mergers, the Company will meet
          promptly  with  the  Union  for  the  purpose of integrating the Pilot
          groups.

SECTION  12.2
-------------

     There  shall  be  two (2) types of seniority, Company seniority and Bidding
     seniority.

     A.   Company  Seniority  -  Company Seniority shall be defined as a Pilot's
          ------------------
          length  of service with the Company or present customer, regardless of
          location,  and  except  as  provided  for elsewhere in this agreement,
          shall  govern  pay  rates,  and  accrual  or granting of paid days off
          pursuant to Vacation - Article 27 of this Agreement. Company Seniority
          shall  be  adjusted for leaves of absence as provided for in Leaves of
          Absence  -  Article  23  of  this  Agreement.

     B.   Bidding  Seniority  -  Bidding Seniority shall be defined as a Pilot's
          ------------------
          length  of  uninterrupted Pilot service with the Company less all time
          spent  outside  of  the  bargaining unit as defined in Section 12.3 of
          this  Article.  Bidding  Seniority  shall govern all Pilots covered by
          this  Agreement  in  bidding  for  job  assignments  and  vacancies as
          provided  for  in  this  Agreement.

SECTION  12.3
-------------

     A  Pilot who is promoted to a non-flying or supervisory position shall stop
     accruing  bidding  seniority,  unless  they  return to flying duties within
     twelve  (12)  calendar  months. Such Pilot shall continue to accrue Company
     Seniority  and  retain  his  Bidding  Seniority.

     If  said  Pilot  returns to flying duty, it shall be in accordance with his
     Bidding  seniority.  In the event there is no vacancy, he shall be assigned
     to  other  duties  if  they exist and such Pilot chooses to accept them, or
     placed  on  layoff status until a bid opportunity becomes available and the
     Pilot  is  awarded the job. If a Pilot is terminated while in a supervisory
     or  non-flying  position,  such  Pilot  shall  have  no  rights  under this
     Agreement.

                                       16
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  12.4
-------------

     A  Pilot's  seniority  shall  be  nullified and his/her employment shall be
     terminated  if  any  of  the  following  occur:

     A.   Resignation  or  retirement;

     B.   Discharge  for  cause;

     C.   Failure  to  inform the designated Company representative in person or
          by  certified  mail of his intention to return to work as provided for
          in  the  Reductions  in  Workforce  -  Section  13.5  (A);

     D.   Failure  to return to work on or before a date specified in the notice
          of recall from the designated Company representative after a layoff as
          provided  for  in  the  Reductions  in  Workforce  - Section 13.5 (B);

     E.   A  Pilot's  seniority and recall rights shall terminate after being on
          furlough  for  a  period  of  three  (3)  calendar  years.

SECTION  12.5
-------------

     Disputes  arising  over  seniority  shall  be  handled  in  accordance with
     Grievance  Procedure  and  System  Board  of  Adjustment  outlined  in this
     agreement.

                                   ARTICLE 13
                             REDUCTIONS IN WORKFORCE
                             -----------------------

SECTION  13.1
-------------

     If  there  is a loss of a contract, base closure, or other reduction in the
     workforce,  a Pilot's seniority, pursuant to Seniority - Article 12 of this
     Agreement,  shall  govern the layoff. Pilots with the least seniority shall
     be  laid  off  first.  The  Company  shall give at least fourteen (14) days
     notice  of an impending layoff unless prevented from doing so due to causes
     beyond  its  control,  or  two  (2)  weeks  pay  in  lieu  thereof.

SECTION  13.2
-------------

     Pilots  will  be  recalled  from furlough in seniority order, with the most
     senior laid-off Pilot being recalled first. At the point of being placed on
     furlough status the Pilot shall avail himself of all available job postings
     on  the  Company web site. The Pilot shall bid on the postings and indicate
     his  order  of  preference.  Provided  the  Pilot  possesses  the requisite
     credentials  he  shall  be offered the positions in order of his preference
     before  the position is filled by outside applicants. The Company shall not
     be  permitted to hire a new Pilot until all furloughed qualified Pilots are
     recalled.

SECTION  13.3
-------------

     Pilots  shall  continue  to  accrue Bidding Seniority and Company Seniority
     while  on  furlough.

                                       17
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  13.4
-------------

     Laid  off  Pilots  are required to file their proper mailing address, email
     address, and telephone number(s) with the Human Resources Department at the
     time  of  the  layoff  and  will promptly notify the Company of any address
     changes.  Failure  to  do  so  will  forfeit that Pilots' rights under this
     Article.

SECTION  13.5
-------------

     In  the  event no positions are available laid off Pilots shall be notified
     of  a recall in order of their seniority by e-mail with confirmed response,
     telephone or certified mail to the most recent telephone number and address
     provided  by  the  Pilot. Notification by telephone must be accomplished by
     positive  telephone contact with the Pilot and the call must be followed up
     with  official  notification  by  certified  mail.  The  date  of  recall
     notification  shall  be  the earlier of the date on which telephone contact
     was  made or the recall letter was mailed. Notices sent to the last address
     of  record shall be considered conclusive evidence of notice to that Pilot.

     A.   Each  Pilot  accepting  recall shall answer his recall notice no later
          than  three  (3)  business days after receipt of such notice in e-mail
          with  confirmed  response,  telephone,  or  by  certified  mail.

     B.   A  laid  off  Pilot  will  not  be  allowed  more than twenty one (21)
          calendar  days after the date of recall notification to report to duty
          from  layoff.

     C.   Pilots  who  fail to respond to a recall notice within the time limits
          set  forth  above,  Pilots  who  refuse recall, or Pilots who reject a
          recall  notice  shall  forfeit  all  recall rights and have their name
          removed  from  the  seniority  list.

     D.   The  offer  of  recall shall be made in order of seniority status from
          the  furloughed  Pilots.  However,  if  the  senior  furloughed  Pilot
          declines  on  the offer of recall it shall be made in descending order
          to  the  remaining  furloughed  Pilots with the understanding that the
          junior qualified Pilot shall be obligated to accept the offer. If such
          Pilot  refuses  the  offer of recall he shall forfeit all rights under
          this  article.  In  such  circumstances  the  offer  shall  be made in
          ascending  order  to the remaining Pilots. If no opening exists within
          the  Company  such  Pilot  may  displace the least senior Pilot in the
          Company  consistent  with  the  hospital  based  Customer approval, if
                                                                              --
          applicable,  provided  he  is qualified (as defined in Job Posting and
          ----------
          Bidding  Section  14.2  F  (1), or accept a furlough until such time a
          position  becomes  available  within the timeframe outlined in Section
          13.5  (E)  of  this  Article.

     E.   Seniority and recall rights shall terminate if a laid off Pilot is not
          recalled  within  three (3) years from the commencement of his layoff.

                                       18
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 14
                             JOB POSTING AND BIDDING
                             -----------------------

SECTION  14.1
-------------

     A  Pilot  may bid when a new job or permanent vacancy occurs, or when a new
     job  or  crew  position  is  created.  All  vacancies will be posted on the
     Company  Web  Page within seven (7) calendar days after the vacancy occurs.
     The  notice shall provide as much information as is available regarding the
     vacant  position,  including  the  job  location  and  closing date for bid
     application.  This  Article does not allow a senior Pilot to bid a job that
     is  already filled or to displace a junior Pilot from a job he is currently
     filling.  The  parties  agree that a vacancy does not exist if the Customer
     changes  aircraft  type and requests that the assigned Pilots remain on the
     job.

     A.   Vacancies  resulting  from LOA's will be considered temporary and will
          be  posted  and  assigned  as  such.  Pilots  accepting such temporary
          positions  will  be subject to replacement by the returning LOA Pilot,
          at which time the displaced Pilot will be eligible to bid on any other
          job  opening  within  the  Company

SECTION  14.2     Bidding  procedures  are  as  follows:
-------------

     A.   Pilots  will  be  given  fourteen  (14) calendar days from the initial
          posting  to  bid  on any vacant position. The fourteen (14) days shall
          commence  from  the  time  of  notification.

     B.   The  Company will make the awards within seven (7) calendar days after
          the  bidding has closed or the last hospital based customer interview,
          if  required,  is  conducted.

     C.   The senior qualified Pilot, as defined in Section 14.2, Paragraph F of
          this  Article that bids on the vacancy, who successfully completes the
          hospital  based  customer interview, if required, shall be awarded the
          job,  except  those positions covered in Section 14.4 of this Article.

     D.   A  Pilot  responding  to  more than one (1) vacancy shall indicate his
          order  of  preference  on  the  bid  and  shall be awarded his highest
          available  preference.

     E.   In  the  event  that  a Pilot voluntarily bids on and is awarded a new
          position,  the Company reserves the right to require a Pilot to remain
          in  that  new position for a period of twelve (12) months; or eighteen
          (18) months if company paid relocation or training costs are incurred.

     F.   The  term  "qualified"  as used in this Article means that a Pilot has
          been  trained  in  an  aircraft  type,  or  holds the necessary Airman
          Certificate  and  endorsements  and has the aeronautical experience to
          meet customer and Company requirements to be trained by the Company in
          that  aircraft  type.  Training  shall  be provided in accordance with
          Article  18.

                                       19
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  14.3
-------------

     A Pilot will be assigned to his new position within ninety (90) days of the
     position  being  awarded  to  him,  unless  the  Company  and  Pilot  agree
     otherwise.

SECTION  14.4
-------------

     The  following  positions  shall be posted at the base where they occur and
     not  be  subject  to  the  bidding  procedure  described above; Lead Pilot,
     Aviation  Services  Manager  (ASM),  Aviation  Base  Manager  (ABM), Safety
     Representative/  Officer,  Check  Airman,  and  Training  Captains.  Such
     positions  shall  be  filled  at  the  sole  discretion of the Company. The
     Company  shall  interview  Pilots  who  have  signed  the bid and all other
     applicants  who  have  done  likewise  thereafter  to  determine  their
     qualifications.  In  the  event  the  Company selects a person other than a
     Pilot  to fill the ASM position, it will then designate, at its discretion,
     one  of  the  Pilots  at  the  base  as  the  Lead  Pilot  or  ABM.

SECTION  14.5
-------------

     For  the  purposes  of  this  article,  "awarded" shall be defined as being
     determined  to be the successful bidder to fill a vacancy, "assigned" shall
     be  defined  as  being  transferred  to  the new base and commencing a work
     schedule.

                                   ARTICLE 15
                                    TRAINING
                                    --------

SECTION  15.1     RECURRENT  TRAINING
-------------     -------------------

     A.   In  accordance  with  applicable Federal Aviation Regulations (FAR's),
          the  Company  will develop and maintain a computerized training system
          whereby  a  Pilot  can complete the classroom portions of his required
          recurrent  ground  training  at his normally assigned work location at
          his  convenience.  In addition and in accordance with subpart G of FAR
          135, the Company will utilize a system of written or oral examinations
          to  accomplish  the  testing  required where written or oral exams are
          required. The Company's training will provide adequate computerized or
          base resource materials that clearly detail the information upon which
          the  Pilot  will  be  tested  for  recurrent  ground  training.  In no
          circumstances  will  the  Pilot  be tested on materials or information
          that  is  not  reasonably  available  for  the  Pilot  to study at his
          normally  assigned  base.  The  Pilot will be required to successfully
          complete  recurrent  ground  training  by  the  assigned  completion
          deadline.

     B.   In  circumstances  where  the  Company requires training away from the
          Pilot's  normally  assigned  base,  the Company will make a reasonable
          effort  to schedule recurrent training during a Pilot's work schedule.
          If  for  unusual  operational  reasons  recurrent  training  cannot be
          scheduled  during  a  Pilot's  work  schedule,  then  training  may be
          scheduled  during a Pilot's off duty time. The Company will make every
          effort  to  schedule  training immediately before or after the Pilot's
          work  schedule.

     C.   The  Aviation  Service  Manager,  Aviation  Base Chief, Lead Pilot, or
          other  aviation  base  management  representative  shall submit to the
          training  department  at  least

                                       20
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OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

          two  months prior to scheduled recurrent flight training a list of two
          possible  sets  of  dates  that  training  is  requested  and  can  be
          accommodated  by  all  Pilots.

          The  Training  Department  will attempt to accommodate training on the
          dates submitted by the base to the fullest extent possible. If a Pilot
          is  unable  to attend training during the scheduled training dates due
          to  illness,  injury, or a reasonable unforeseen absence the Pilot and
          the  Training  Department will agree to alternate dates to compete the
          training.

     D.   Internet  training  sites  will  list  all  available recurrent ground
          training  classes  and  deadlines.

SECTION  15.2     UPGRADE/TRANSITION/SPECIAL  TRAINING
-------------     ------------------------------------

     The  Company  will  schedule such training consistent with customer service
     requirements  and  the  availability  of  qualified training personnel. The
     Company  will make a reasonable effort to schedule such training during the
     Pilot's  normal  work  period,  but if unable to do so applicable work-over
     will  be  paid to the affected Pilot. The Company will make every effort to
     schedule  training  immediately  before or after the Pilot's work schedule.

SECTION  15.3     TRAINING  FAILURES
-------------     ------------------

     It  is  recognized  that  not  all  Pilots  reach  the  required  level  of
     proficiency in the same amount of time. Therefore, when it becomes apparent
     to  the  Company  that  a Pilot will require time in excess of that usually
     required  to  reach  proficiency  the  Company Training Department will, in
     consultation  with the Pilot, determine the cause of his inability to reach
     the  required  proficiency  level  and  establish a plan for correcting the
     problem.

     A.   A  Pilot who fails any portion of training, written exam, oral exam or
          flight  check  will  be removed from line duty, with pay, until he has
          commenced  retraining  and  has  been  successfully  retested  by  the
          Company.

     B.   A  Pilot who fails training, an oral exam, or flight check may request
          a  change  of  instructor/check  airman. However, if a Pilot elects to
          request  a change of instructor/check airman the Pilot will be removed
          from the payroll, but permitted to use unused vacation until such time
          that  the  Pilot  successfully  completes re-training, an oral exam or
          flight check. Such re-training or re-testing shall be conducted within
          fourteen  (14)  days.

     C.   In  the  event  a Pilot fails a subsequent written exam, oral exam, or
          flight  check  the  Company  will  make  a determination as to his/her
          continued  employment.  If  the  Company determines that retraining is
          inappropriate  the Company reserves the right to terminate said Pilot.

     D.   If  a  Pilot  is unable to successfully complete upgrade or transition
          training  the  Pilot  will  be  allowed  to  return  to their previous
          position,  if  that  position  still  exists.  If the Pilot's previous
          position has been filled or no longer exists the Pilot will be offered
          the opportunity to apply for any position for which they are currently
          qualified  to  perform,  Company  wide.

                                       21
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     E.   A Pilot who fails any portion of his new hire training will be subject
          to  termination  by  the  Company.

SECTION  15.4     TRAVEL  AND  ACCOMMODATIONS
-------------     ---------------------------

     A.   In  the  event  a  Pilot  is  based  away from home during training or
          special  assignment,  the  Company  shall  in all cases provide single
          hotel  room  accommodations  to  each  Pilot.

     B.   All  travel  expenses shall be paid by the Company. All travel will be
          performed  in  accordance  with  Company  travel  policy.

SECTION  15.5     TRAINING  PAY  AND  PER  DIEM
-------------     -----------------------------

     A.   All  Pilots  shall  be paid while attending Training, including travel
          days,  at  their  normal  rate of pay. Training conducted on a Pilot's
          normal  off  duty  day will be compensated at the applicable work-over
          rate.

     B.   All  Pilots  shall  be  paid per diem while Training, including travel
          days,  at  the  rate  of  $36.00  per  day.

                                   ARTICLE 16
                              SCHEDULES OF SERVICE
                              --------------------

SECTION  16.1
-------------

     Pilots  at  each  base shall determine the appropriate schedules of service
     consistent  with  Company  and  customer  service  requirements. They shall
     forward  their  schedule  to  the  appropriate  Company  official. A normal
     scheduled  shift  shall not exceed twelve (12) hours. This section will not
     relieve  any  Pilot  from  accepting  any  flight that may extend the shift
     beyond  the  scheduled  twelve  (12)  hours  as  long  as the flight can be
     conducted  in  accordance  with  the applicable FAR's and Company duty time
     policies.

SECTION  16.2
-------------

     The  parties  to  this  agreement  will maintain schedules of service which
     provide  for  one  (1)  day  off  for  each  day  scheduled.
          Example:     7 days on  -  7 days off
                       4 days on  -  4 days off
     The  Pilot's  salary  is  based  upon  182   work  shifts  per  year.

SECTION  16.3
-------------

     Other  work  schedules will be discussed between the parties. However, both
     parties  recognize  schedules  of  service will meet customer requirements.

                                       22
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  16.4
-------------

     The  schedule in Section 16.2 of this Article shall be considered standard.
     Any  other  schedules  shall  be  considered  non-standard.  Non-standard
     schedules  shall  be  filled  on a voluntary basis. Vacancies in a standard
     schedule resulting from temporary Pilot absences caused by illness, injury,
     vacation,  holidays, training or leaves of absences shall not be considered
     a  non-standard  schedule.

SECTION  16.5
-------------

     Pilots  shall be allowed to trade or swap standard schedules provided it is
     approved  by  the appropriate Manager and a copy of the revised schedule is
     submitted  to the Human Resources Department. Under no circumstance shall a
     trade  or  swap  result  in  a  workover  shift  for  either  Pilot.

16.6     CUSTOMER  REQUESTED  WORK  SCHEDULES
----     ------------------------------------

     In  the  event  a  customer or prospective customer requires the Company to
     operate  on  a  non-standard schedule, other than one (1) day scheduled for
     each  day  off,  the parties shall meet to agree upon an applicable rate of
     pay. In the event the parties are unable to reach an agreement, the Company
     shall  not  assume  the  work  in  question.

                                   ARTICLE 17
                                    WORKOVER
                                    --------

SECTION  17.1     WORKOVER  ASSIGNMENT  PROCEDURE
-------------     -------------------------------

The  Union  recognizes  the  importance of the Company's ability to provide 24/7
coverage  to  remain  competitive  in  the  marketplace  and will use their best
efforts  to  achieve  this.

A  workover  is  defined  as  being  scheduled  for  and  reporting to work on a
regularly-scheduled  day  off.

Before  offering  workover  to Pilots at a particular base, the Company reserves
the  right  to  utilize  Relief  or  Part-time  Pilots.  If  no Relief Pilots or
Part-time  Pilots  are  available,  workover  shall  be  offered  as  follows:

     1.   The  workover  will  be  offered  to  the  Pilots at the base where it
          occurs. If more than one (1) Pilot volunteers for the workover it will
          be  offered to the senior Pilot first and rotated thereafter among the
          other  volunteers, at that base, in the descending order of seniority.

     2.   In the event there are insufficient Pilots stationed at the base where
          the  workover occurs the Company will solicit volunteers from bases in
          close  proximity  to  fill  the  workover shift, using the same method
          described  above.

     3.   In  the  event  there are no volunteers from bases in close proximity,
          the  Company  may  use Pilots from other bases who have volunteered to
          work  additional  shifts.

                                       23
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OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

          a)   Pilots  who  would like to be contacted for such assignments will
               be  required  to  post  their  name  on  a list maintained on the
               Company  Web  Site.

          b)   The  Pilot  who  volunteers for the largest number of consecutive
               shifts  shall  be  awarded  the  assignment.

     4.   The  Company  reserves  the  right  to limit Pilots to twenty-one (21)
          shifts  per  calendar  month,  and  the number of shifts shall also be
          limited  by  applicable FAR's. This provision is designed to assure an
          equitable  distribution  amongst  the  applicable  Pilots.

     5.   If  the previous options do not provide a solution to the vacancy, the
          Company  may utilize qualified management personnel to fill these open
          shifts.

SECTION  17.2     EMERGENCY  WORKOVER  ASSIGNMENT
-------------     -------------------------------

     A.   Emergency  workover shall be defined as an unplanned vacancy for which
          the  Company  did  not  have  seven  (7) days advanced notice of (i.e.
          injury,  illness,  and bereavement). In which case, absent volunteers,
          the  following  procedures  shall  be utilized to fill such vacancies.

     B.   In  any  calendar  year  in  which  the number of uncovered Pilot duty
          shifts  does  not  exceed  two  (2)  at  a  location, due to a lack of
          volunteers,  the Company will not have the ability to require workover
          at  that  location.

     C.   In the event such uncovered shifts exceed two (2) in any calendar year
          at  a  location,  required  workover  may  be assigned in an emergency
          situation  on  the  basis of reverse seniority and rotated thereafter.
          The  Company  may  only  use this option to cover vacancies where less
          than  seven  (7)  days  advance  notice  of  the vacancy was received.

     D.   For  the purposes of Emergency workover, the Company shall not require
          any  Pilot  to  perform more than two (2) Emergency workover shifts or
          more  than  twenty  one  (21)  total  shifts  in  any  calendar month.

     E.   The  Company  will  report to the union the number of uncovered shifts
          each  month.

     F.   No  Pilot  can be forced on an emergency workover at a base other than
          his  assigned  base. Pilots who are forced to perform a workover shall
          be reimbursed for any verifiable non-refundable expenses they incurred
          on  the  day  of  the  workover  only.

SECTION  17.3     WORKOVER  PAY
-------------     -------------

     Effective January 1, 2006 Pilots shall receive one-and-one-half times (1 X)
     their  normal  daily rate, excluding supplemental pay and ACCRA. A workover
     shift  is  defined  as  being  scheduled  for  and  reporting for work on a
     regularly  scheduled  day  off  that was not the result of a trade or swap.

                                       24
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  17.4     OVERTIME
-------------     --------

     All  work  performed  in  excess of twelve (12) hours in a duty shift up to
     fourteen  (14)  hours  shall  be  paid  at  the  straight time hourly rate.
     Thereafter  the  Pilot's  shall  be paid at the Workover rate. Such payment
     shall  be  based  on  the  actual  termination  time  of the flight plus 15
     minutes.

SECTION  17.5     COMPANY  MEETING  PAY
-------------     ---------------------

     Pilots  who  are  required  by  the  Company  to  attend  meetings on their
     scheduled time off shall be compensated at the workover rate for all actual
     time  in  attendance.  Pilots  shall be paid a minimum of two (2) hours for
     attending  such  meetings.

                                   ARTICLE 18
                                  PILOT STATUS
                                  ------------

SECTION  18.1
-------------

     A  newly  employed Pilot shall be on a 180 calendar day probationary status
     during  which  time  such a person may be discharged by the Company without
     recourse.  After  accumulating  180  calendar  days, such employee shall be
     considered  a  non-probationary employee and his/her hire date shall revert
     back  to  the  most  recent  date  of  hire.

SECTION  18.2
-------------

     A  newly employed Pilot shall be entitled to all the rights and benefits as
     any  other  Pilot  of  the terms of this Agreement, except that the Company
     shall retain the right to discharge a probationary Pilot at any time within
     their  probationary  period,  without  recourse  to the grievance procedure
     and/or  System  Board  of  Adjustment.

SECTION  18.3
-------------

     Once  a  month, the Company will provide the local Union office with a list
     of  Pilots  who  have  been  hired,  terminated,  resigned,  transferred or
     promoted  to  a  management position, and/or on a military leave of absence
     during  the  prior quarter. This listing shall include the home address and
     phone  number  of  said  Pilots.

SECTION  18.4
-------------

     A  Union  representative,  if  available, will be introduced to a new Pilot
     once  they  are  assigned  to  a  base  for  the purposes of explaining the
     obligations  and  benefits  of  this  agreement.

                                   ARTICLE 19
                              PILOT CLASSIFICATIONS
                              ---------------------

SECTION  19.1
-------------

     A  full-time Pilot is a Pilot who is assigned to a regular work schedule at
     a  specific  base  or  program.

                                       25
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  19.2
-------------

     A  Relief  Pilot  is  a  full time Pilot who fills vacancies at any base as
     directed  by  the  Company.

SECTION  19.3
-------------

     A  Temporary  Full  Time  Pilot  is a Pilot temporarily assigned to cover a
     specific  vacancy arising due to a Full Time Pilot's leave of absence. Such
     Pilots  will  be allowed to bid for any open position after serving for six
     months as a Temporary Full Time Pilot. A Temporary Full Time Pilot's status
     shall  coincide  with  the  reinstatement  rights  of  the  Full Time Pilot
     returning  from his/her Leave of Absence. A newly hired Temporary Full Time
     Pilot  shall not qualify for benefits under the Severance pay provisions of
     this  Contract.

SECTION  19.4
-------------

     A  Part  Time/Per Diem Pilot is a Pilot who is offered work consistent with
     the  Company's  Customer  Service  or operational requirements. Such Pilots
     shall  not  have a regular work schedule, nor be eligible to participate in
     Company  benefit  programs  as  defined  elsewhere in this Contract, unless
     provided  for  under  either  State  or  Federal  statute,  to  include the
     Severance  pay  provision, nor shall they have any job bidding rights. Such
     Pilots  shall  be paid on a per diem basis in accordance with the published
     pay  scale. Such Pilots shall have no rights under the Grievance and System
     Board  of  Adjustment  procedures  until  having completed ninety (90) work
     schedules.  Any Part Time/Per Diem Pilot who works twelve (12) or more work
     schedules  per  month  for  three  (3)  consecutive  months  shall  become
     full-time.  At  no time shall the total number of Part Time/Per Diem Pilots
     exceed  four  percent  (4%)  of  the  full  time  Pilot  staff.

SECTION  19.5
-------------

     The  Company shall not use Temporary Full Time or Part Time/Per Diem Pilots
     to  avoid filling Full Time Pilot positions. The Company shall not use Part
     Time/Per  Diem  Pilots  to cover vacant shifts when a current and qualified
     Full  Time  or  Relief  Pilot  is  available.

                                   ARTICLE 20
                         FEES AND PHYSICAL EXAMINATIONS
                         ------------------------------

SECTION  20.1
-------------

     It shall be the responsibility of each Pilot to maintain an appropriate and
     current  FAA medical certificate, and to provide a copy of this certificate
     to the Company by the 20th of the month in which it is due, if possible. If
     a  Pilot  is unable to provide the Company with a copy of their current FAA
     medical  certificate by the 20th of the month in which it is due, the Pilot
     will  coordinate  with  the  training  department/flight  records  clerk to
     communicate  the  delay.  Under  all  circumstances it shall be the Pilots'
     responsibility to provide the training department/flight records clerk with
     their  current  FAA medical certificate no later than the last business day
     of  the  month  in  which  the  medical  certificate  is  due.

                                       26
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  20.2
-------------

     It  shall  be  the responsibility of each Pilot to maintain the appropriate
     FAA  Pilot  certificate(s)  required for his duty position. The Pilot shall
     provide  the  most  current  certificate(s) to the Company, and immediately
     report  any  changes  that  affect  the  validity  of  those  certificates.

SECTION  20.3
-------------

     It  shall  be  the  responsibility  of  each  Pilot to arrange his required
     medical  examinations  by  a qualified aero medical examiner of the Pilot's
     choice,  as required by the Federal Aviation Regulations. Examinations will
     be  scheduled  while  the  Pilot  is off duty. The Company will reimburse a
     Pilot  for  the  cost  of  the class I or class II medical examination. Any
     additional  physical  exams  and/or  tests  required  by  the  Company or a
     customer  beyond  those  required  as  provided for in Section 20.4 of this
     article  shall  be  paid  for  by  the  Company.

SECTION  20.4
-------------

     When  the  Company  believes  that  there are grounds to question a Pilot's
     physical  or  mental  condition to remain on flight status, the Company may
     require  that  such  Pilot  be  examined  by  a FAA designated Aero Medical
     Examiner  (AME)  selected  by  the  Pilot.

     The Company shall pay for this medical examination or tests required by the
     Company  pursuant  to  this  Article.  The  Pilot  agrees to sign a medical
     release  to  allow a copy of the results to be given to the Company and the
     Pilot  shall  also  be provided a copy of this report. A Pilot who fails to
     pass such an examination may have a review of the case. Such review will be
     conducted by the Medical Certification Branch of the FAA. The Pilot may, at
     his  expense,  have  a  second  medical examination conducted and submitted
     along  with  the  Company's  medical examination to this branch of the FAA.

SECTION  20.5
-------------

     A  Pilot who is medically unable to perform his duties shall be placed on a
     leave  of  absence  as  described  elsewhere  in  this  Agreement.

SECTION  20.6
-------------

     In the event the Company adopts an identification card or badge system, the
     Company  shall  provide  the identification card or badge at no cost to the
     Pilot.  However, if the Pilot loses the identification card or badge he/she
     shall  be  obligated  to  replace  it  at  the  cost  of  $10.00.

                                   ARTICLE 21
                                 MOVING EXPENSE
                                 --------------

SECTION  21.1
-------------

     The  Company  shall provide a paid move to Pilots whom are required to move
     as  a  result  of  being  assigned to a base other than where the Pilot has
     established  his  residence,

                                       27
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     provided  that  the  Pilot moves within a fifty (50) mile radius of his new
     base and the new base is at least fifty (50) miles away from the previously
     assigned  base.

SECTION  21.2
-------------

     In  order  to  receive  a Company paid move, Pilots must complete such move
     within  six  (6)  months  from  the date of the new assignment and shall be
     entitled  to  the  following  reimbursement upon presentation of reasonable
     documentation:

     A.   Actual  moving  expenses,  including  insurance,  for normal household
          effects,  including  normal  packing  charges,  up  to  a  maximum  of
          $3500.00.

SECTION  21.3
-------------

     Pilots  shall  be  allowed  the  following  en route expenses when properly
     substantiated  by  receipts  during  the  period  of  en-route  travel:

     A.   For  Pilot  only  -  $36.00/day

     B.   For  Pilot  and  family  -  $72.00/day

     The  period  of  en-route travel shall continue after arrival until the day
     the  household  effects arrive or until the end of the fifth day, whichever
     comes  first.

SECTION  21.4
-------------

     For  the  purpose  of  determining  necessary travel time, the Company will
     allow  one  (1)  travel  day  for each five hundred (500) miles or fraction
     thereof,  to  a maximum of five (5) travel days when driving a vehicle. The
     Pilot  is  expected  to move during his days off and be prepared to work on
     his  regular  hitch. The most direct AAA mileage between the two (2) cities
     will  determine  travel  time.

SECTION  21.5
-------------

     In  addition  to moving expenses, such Pilot will be reimbursed at the rate
     established  by  the  IRS  for  one  vehicle  driven  to  the new location.

SECTION  21.6
-------------

     To  be eligible to obtain reimbursement from the Company, a Pilot must meet
     the  requirements  of  Section  21.1 of this Article and have completed his
     probationary  period.

                                   ARTICLE 22
                                   TRAVEL PAY
                                   ----------

SECTION  22.1
-------------

     Mileage  shall  be  paid to the Pilot at the applicable rate established by
     the  Internal  Revenue  Service  under  the  following  circumstances:

     a.   Use of a personal vehicle when requested by the Company to relocate to
          another  base  or  a  location  other  than  a Pilot's normal base for
          purposes  of  assignment  on  a

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OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

          temporary  basis.  The  mileage  will  be calculated from the point of
          departure  to  the  next  base  and  not  the  Pilot's  home.

     b.   In  the  event  a Pilot is required to report to a base other than his
          assigned  base,  mileage  will be calculated from the assigned base to
          the  new  work  location.

     c.   Pilots  shall  not  be  required  to  use their personal vehicles when
          distances  between the Pilots' home to the temporary assigned base are
          in  excess  of  one  hundred  (100)  miles.

SECTION  22.2
-------------

     Pilots shall be paid at their regular rate of pay for travel on a scheduled
     duty  day. In the event a Pilot travels on an off work day, such Pilot will
     be  compensated  at  the  applicable  workover  rate.

SECTION  22.3
-------------

     When  transportation or lodging are not provided by the Company, reasonable
     and  actual  expenses  will be allowed. Within five (5) calendar days after
     returning  to  his  home base or at the close of each week in the event the
     Pilot is away for a period longer than one (1) week, the Pilot shall submit
     expense receipts for payment. The per diem shall be consistent with Company
     policy.

                                   ARTICLE 23
                                LEAVES OF ABSENCE
                                -----------------

SECTION  23.1
-------------

     A  Leave of Absence (LOA) is intended to account for a reasonable period of
     time  that  a  Pilot  may be required to be absent from the job for reasons
     other  than  vacation or paid bereavement leave. A LOA may fall into one of
     the  following  categories:

     A.   Personal  LOA  -  (a  reasonable  time not to exceed 30 calendar days)
          -------------
          without  pay  may  be  granted to a Pilot for urgent personal matters.
          Except as approved by the applicable operational official, a Pilot may
          be granted no more than one (1) personal LOA in a 2-year period. To be
          eligible for such a leave a Pilot has to have completed six (6) months
          of  service.  Approved  personal  LOA  start and end dates shall be in
          writing.  Such  leaves  may  be  extended  for  additional periods, if
          approved  by  the  Company.

     B.   Pregnancy  Disability  Leave  (PDL)  - PDL shall be granted consistent
          -----------------------------------
          with  the  applicable  statute  requirements  for Pilots who reside in
          California  and  the  Company's  separate  policy  on  same.

     C.   Military  LOA  -  Military  leaves  of absence and reemployment rights
          -------------
          upon  return  from  such  leave  shall  be  granted in accordance with
          applicable  laws.  All  orders  for

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OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

          military  duty,  including  National  Guard and Reserve duty, shall be
          provided  to  the  Human  Resources  Department  in  accordance  with
          applicable  laws.

     D.   Family  &  Medical  LOA,  and  California  Family  Rights Act (CFRA) -
          --------------------------------------------------------------------
          Leave granted under the Family and Medical Leave Act or the California
          statute,  will  be  granted  to  eligible  Pilots  as required by law.

          1.   A  Pilot  on  a  medical  leave  of  absence  due  to  a  serious
               non-occupational  health  condition  of  the  Pilot, who does not
               return  to  work  during the twelve (12) week period provided for
               under  the  Company's  short  term  disability  benefit, shall be
               granted  an  additional  medical  leave  for  the duration of the
               illness  or  injury, up to twelve (12) months, if the Company and
               Physician  agree  there is a reasonable expectation for the Pilot
               to  return  to duty within twelve (12) months from the expiration
               of  short  term  disability.  At the end of the first twelve (12)
               month  leave  of  absence  an  additional  twelve months shall be
               granted  if the Company and Physician agree there is a reasonable
               expectation for a Pilot to return to duty within twenty four (24)
               months  from  the  expiration  of  short  term  disability.

          2.   Pilots  who  are  unable to work as a result of a non-job related
               illness  or  injury  shall  be  placed on Medical LOA. Such Pilot
               shall  retain  insurance coverage for a period of six (6) months.
               During  this  period  the  Company  shall  continue  to  provide
               disability  and  life insurance coverage at no cost to the Pilot.
               The  Pilot's portion of medical, dental, and vision premiums will
               continue to be the responsibility of the Pilot. If a Pilot who is
               on  Medical LOA is not receiving compensation from Air Methods or
               if  the  compensation  received  does  not fully cover the Pilots
               portion  of  medical, dental, and vision premiums, the Pilot will
               be required to remit their portion of said premiums, on a monthly
               basis,  no  later  than  the fifteenth day of the month following
               commencement  of  Medical  LOA. Failure to provide payment by the
               fifteenth  of the month following the commencement of Medical LOA
               will  result  in  the  termination of medical, dental, and vision
               benefits  and  the initiation of offering medical insurance under
               COBRA.  Once  the  applicable time period has been exhausted, the
               Pilot  will  be  eligible  for  medical  insurance  under  COBRA.

     E.   UNION  LEAVE OF ABSENCE. A Pilot who accepts a temporary position with
          the  Union  (up  to  one (1) month) will be permitted to return to his
          original  position  upon release from such temporary assignment. At no
          time  will  the  Company  authorize  the  release of more than two (2)
          Pilots  under  this  provision.

          1.   When  requested  by  the  Union,  one (1) Pilot who is elected or
               appointed to a full-time position with the Union shall be granted
               an indefinite leave of absence. A Pilot leaving full-time service
               of  the  Union, for any reason, must return to duty within thirty
               (30)  days  or  be  terminated. Such Pilot upon returning to work
               with  the  Company  will  be  entitled  to return to his previous
               position at his last assigned base or apply for any open position
               for  which  the  Pilot  is  qualified.

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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

          2.   By mutual agreement, the Company may grant up to three (3) Pilots
               an  unpaid  leave of absence for a one (1) week period of time so
               that Pilots selected by the Union may perform work for the Union,
               such  as  attendance  at  Union  conventions  and  conferences.

SECTION  23.2
-------------

     A  Pilot who wishes to apply for a Leave of Absence must submit his request
     in  writing  to  his  supervisor.  This  written  request  must include the
     expected  duration  of  the leave, the purpose of the leave (if it does not
     violate  any  applicable  statutes)  and  where  the Pilot may be contacted
     during  the leave. It is the Pilot's responsibility to keep Human Resources
     informed  of any changes in his contact information for the duration of the
     approved  leave.

SECTION  23.3
-------------

     All requests for leaves of absence must be submitted in writing and must be
     approved  by the applicable operational official. Except as approved by the
     applicable  operational  official,  a  Pilot will not be granted a leave of
     absence  (except  a  Military  LOA, Workers Compensation LOA, or Union LOA)
     without  first  using  all  vacation.

SECTION  23.4
-------------

     Prior  to  returning to duty from medical leave, a Pilot may be required to
     present  a  physician's  statement  to  the  Company  verifying  that he is
     medically  fit  to  perform  all  Pilot  duties.

SECTION  23.5
-------------

     In  the  event  of  a reduction in force, a Pilot on a leave of absence who
     would otherwise be furloughed will have his leave of absence cancelled. The
     Pilot will be notified that his rights under this article have been changed
     to  those  of  a  furloughed  Pilot.

SECTION  23.6
-------------

     A  Pilot  returning  from  a  leave of absence will be returned to his duty
     position  if  it  still  exists,  or  any  other  vacant position where his
     qualifications  permit.  Any  Pilot  returning  from a leave of absence who
     requires  training  prior  to  returning  to  flying  will be scheduled for
     required  training  prior  to return to flight duty not to exceed three (3)
     weeks.  Pay  shall  resume  when  the  Pilot  commences  training.

SECTION  23.7
-------------

     All leaves of absence shall specify the date on which the Pilot will return
     to  duty  unless  mutually  agreed  otherwise  or  by  operation  of  law.

                                       31
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  23.8
-------------

     All  leaves  of  absence shall be without pay unless otherwise specified in
     this  agreement  or  required  by  statute.

SECTION  23.9
-------------

     Failure  of any Pilot to return to active status at the end of any leave of
     absence  shall  be  deemed  a  voluntary  resignation  and his name will be
     removed  from  the  seniority  list.

SECTION  23.10
--------------

     Any  Pilot on a leave of absence who enters the services of another Company
     or  who  enters  into a business of his own without first obtaining written
     permission  from  the  Company  will  be  terminated  and  will forfeit his
     seniority  rights.

SECTION  23.11
--------------

     During  any  approved  leave  of  absence,  a  Pilot will retain and accrue
     Company  and  Bidding  Seniority.

                                   ARTICLE 24
                          ON-THE-JOB INJURY (OJI) LEAVE
                          -----------------------------

SECTION  24.1
-------------

     A Pilot is eligible for all state and federal workers compensation benefits
     with  respect  to injuries or illnesses arising out of and in the course of
     employment  with  the  Company.

SECTION  24.2
-------------

     A  Pilot  must report the occurrence of an OJI to his supervisor as soon as
     possible,  depending upon the nature of the accident or resulting injuries.

SECTION  24.3
-------------

     All  health,  accident  and  life  insurance  benefits shall continue to be
     available  to  an  injured  Pilot  on the same basis as an active employee.

SECTION  24.4
-------------

     The  Company  may  require  an  injured  Pilot  to  submit  to  a  physical
     examination  in  accordance  with  the  provisions  of  Article  20.

SECTION  24.5
-------------

     Prior  to returning to duty from an OJI leave, a Pilot shall be required to
     present  a  physician's  statement  to  the  Company  verifying  that he is
     medically  fit  to  perform  all  Employee  duties. In the event there is a
     dispute  concerning  the  Employee's  fitness  for

                                       32
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

     duty,  the  procedures  of  Article  20  shall  be  utilized to resolve the
     dispute.  Upon  return  from an OJI leave, a Pilot shall be returned to his
     former  position  if  the  position  still exists, or to any other position
     where  his  seniority  permits.

SECTION  24.6
-------------

     All  Pilots  are entitled to a copy of any and all accident reports and any
     and  all written or recorded statements made or taken with regard to an OJI
     within  seventy-two  (72)  hours  of  a  written  request.

SECTION  24.7
-------------

     All  Pilots  are  entitled  to  a  copy  of  any  and  all medical records,
     maintained  by the Company at no cost, resulting from OJI's within five (5)
     days  of  a  written  request.

SECTION  24.8
-------------

     Employee  shall  not be terminated or otherwise discharged from employment,
     except  for  cause,  while  recovering  from  OJI  injuries.

SECTION  24.9
-------------

     A Pilot has the right to select his own Vocational Rehabilitation Counselor
     while  recovering  from  an  OJI  consistent  with  State  regulations.

                                   ARTICLE 25
                                    HOLIDAYS
                                    --------

SECTION  25.1
-------------

Air  Methods  recognizes  the  following  holidays:
    New Years Day                 Presidents Day
    Memorial Day                  Independence Day
    Labor Day                     Thanksgiving Day
    Friday After Thanksgiving     Christmas Day

SECTION  25.2
-------------

     To  be  eligible  for Holiday pay a Pilot must work on a Holiday. The Pilot
     will  be  paid  for  the  shift  worked  on  the  Holiday.

SECTION  25.3
-------------

     The  Pilot will receive their normal pay plus their annual base pay divided
     by  182.5  for  each  Holiday  worked. For shifts worked that are less than
     twelve (12) hours the amount of holiday pay shall be prorated for each full
     hour  worked.

                                       33
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 26
                                   SICK LEAVE
                                   ----------

SECTION  26.1
-------------

     Sick  Leave  is granted to a Pilot to provide him an opportunity to recover
     from  a  non-job  related  illness  and/or  injury.

SECTION  26.2
-------------

     Each  Pilot  shall  earn up to sixty (60) hours of sick leave each calendar
     year.  Sick  leave  shall  be  earned  at  the rate of 2.3076 hours per pay
     period.  Sick  leave  shall  be  earned  on  all  hours worked on workover,
     vacation,  sick  leave  used,  holidays,  jury duty, and bereavement leave.
     Unused  sick  leave  shall  be earned up to a maximum of one hundred twenty
     (120)  hours.

SECTION  26.3
-------------

     Effective  on  the  execution of the Contract any accrued sick leave beyond
     120  hours  may  be  used  during a transition period up to 24 months for a
     bonafide  medical  need.

                                   ARTICLE 27
                                    VACATIONS
                                    ---------

SECTION  27.1     VACATION  SCHEDULE
-------------     ------------------

     All Pilots shall be eligible to receive vacation on the following schedule:

<TABLE>
<CAPTION>
     Vacation Hours  Months of Service  Hourly Accrual Rate
     --------------  -----------------  -------------------
<S>                  <C>                <C>
     84 Hours/Year         0 thru 60               .0383562
     126 Hours/Year       61 thru 120              .0575342
     168 Hours/Year      121 thru 180              .0767123
     210 Hours/Year      181 and above             .0958904
</TABLE>

     -    Vacation  accrual  will be applied to the first 2190 hours worked in a
          calendar  year.

     -    Vacation  balance  will  continue  to be reported on the bi-weekly pay
          stub.

     -    Maximum  Vacation  Balance:  264  Hours

     -    Any  Pilot  who, at the date of ratification of the Contract, receives
          more  vacation than the above schedule shall be grandfathered at their
          current  vacation  accrual  rate.

SECTION  27.2
-------------

     Vacation pay, when cashed out, shall be based upon the Pilot's current rate
     of  pay.

                                       34
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  27.3
-------------

     When  a  Pilot  reaches the maximum vacation accrual according to the above
     schedule  they  shall  not  accrue  any  further  vacation  allowance. Once
     reaching  the maximum accrual the Pilot will be paid seventy two (72) hours
     of  his  accrued  vacation.

SECTION  27.4
-------------

     At  each  Base  location,  Pilots  will submit initial vacation requests by
     November  30  for  desired vacations to be taken in the following year. The
     Company  shall  grant  such requests in order of seniority, provided Pilots
     had  or  will  have  the  requested  time  available  on  the  books.

     After  the  initial  vacation  schedule  has  been accomplished, Pilots may
     submit  vacation  requests for any desired week/days on a first come, first
     served  basis.  Vacations may be changed/swapped by mutual agreement of the
     Pilot  and  Company.  When possible, vacation requests will be submitted to
     the  immediate  supervisor  at least sixty (60) calendar days in advance of
     the  requested  time  off.  Vacation  requests received at least sixty (60)
     calendar  days in advance of the requested time off that do not reduce base
     staffing  levels below 75% shall be granted. The Company reserves the right
     to  decline  any  vacation  request when such vacation request would reduce
     full  staffing levels to below 75%. The Company may grant vacation requests
     which  will  reduce  staffing  levels  to  below  75%  provided  sufficient
     voluntary  work  over  from  the  base  is  assured and such allowances are
     consistent  with  all  published  regulatory and program rest requirements.

SECTION  27.5
-------------

     Vacation  will  only  be earned based upon compensable hours, which include
     holiday,  vacation,  sick  leave,  jury  duty,  or  bereavement  leave.

SECTION  27.6
-------------

     Vacation pay may be cashed out based upon a quarterly schedule published by
     Payroll.

SECTION  27.7     CANCELLATION  OF  VACATION
-------------     --------------------------

     If  a  Pilot  volunteers  to  cancel  a scheduled vacation at the Company's
     request,  he shall be reimbursed for all verifiable non-refundable expenses
     incurred.  Such  Pilot  shall  also  have  the  following  options:

     1.   Reschedule  his  vacation to any remaining available weeks/days in the
          same  calendar  year.

     2.   In  lieu of the above option, the Pilot may choose to be paid the full
          value of his cancelled vacation period at the rate of one and one-half
          (1  ) times his rate of pay. Payment for this vacation will be made by
          issuing  a  separate  check  to  the  Pilot  within ten (10) days from
          election  of  this  option.

                                       35
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 28
                 HEALTH, DENTAL AND LIFE/AD&D INSURANCE BENEFITS
                 -----------------------------------------------

SECTION  28.1
-------------

     For  the  term  of  this  Agreement, the Company shall offer Pilots health,
     dental,  vision,  LTD,  STD,  life  and  AD&D insurance as described in the
     summary  plan  descriptions  furnished  to the Union. In the event that the
     Company  elects  to change carriers, or administrators, it will endeavor to
     provide  benefits  that  are  comparable  benefit  value to those currently
     provided.  The parties recognize in an effort to contain health care costs,
     it may be necessary to modify benefit levels, prior to doing so the Company
     will  meet  with  the  Union  to  review  the  proposed changes and solicit
     suggestions.  The  plans offered to the Pilots shall be the same as offered
     to  all  other  non-represented  employees.

SECTION  28.2
-------------

     The  Company will extend its best efforts to assist Pilots in resolving any
     claim  disputes  which  do arise under the above plans after the member has
     followed  the  claims  appeals  process  of  the  respective  carrier  or
     administrator.  No  matter  relating  to  a claims dispute which is not the
     direct  result  of  negligence  by  the  Company  shall be submitted to the
     grievance  and/or Systems Board of Adjustment provisions of this agreement.

SECTION  28.3
-------------

     A Pilot shall be eligible to participate in the group benefits listed above
     on  the  first  day  of  the month coinciding with or following the date of
     initial  hire.  To be eligible for coverage in the above plans a Pilot must
     work  or  be  paid  consistent with the definitions in Article 19, Sections
     19.1  through 19.4. Any Pilot who fails to meet the above definitions shall
     not  have  coverage  in  the  following  month.

SECTION  28.4
-------------

     Pilots  who  participate  in  one of the Company Health and/or Dental Plans
     shall have the following amounts withheld from each bi-weekly pay check for
     the  2005-2006  plan  year:

<TABLE>
<CAPTION>
          -----------------------------------------------
          HEALTH & DENTAL
          -----------------------------------------------
          COVERAGE              PLAN 1   PLAN 2   DENTAL
          -----------------------------------------------
<S>                             <C>      <C>      <C>
          -----------------------------------------------
          Employee Only         $ 36.00  $ 33.00  $  1.50
          -----------------------------------------------
          Employee plus Spouse  $ 81.00  $ 59.00  $  4.00
          -----------------------------------------------
          Employee + Children   $ 66.50  $ 56.00  $  3.25
          -----------------------------------------------
          Family                $ 98.00  $ 82.00  $  5.75
          -----------------------------------------------
</TABLE>

     Future  Health  and  Dental Plan annual rate increases for Pilots shall not
     exceed ten percent (10%) per year based on the 2005-2006 plan year Employee
     contribution  schedule. In no case shall the annual percentage increase for
     a  Pilot  exceed  that  of  the  percentage  increase  for  the  Company.

                                       36
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  28.5
-------------

     Pilots  shall  be covered at one and one-half (1 ) times their total annual
     salary  in  Life Insurance and Accidental Death and Dismemberment Insurance
     under  the  provisions  of  the  plan  defined in the Company Benefit Plan.

                                   ARTICLE 29
                               COMPANY 401(K) PLAN
                               -------------------

SECTION  29.1     PLAN  MODIFICATIONS
-------------     -------------------

     The Company reserves the right to amend from time to time the plan to cover
     the  eligible  Pilots  to  conform  to  the  applicable  State  and Federal
     statutes.  Any  amendments  shall be furnished to the Pilots and Union. The
     Company shall pay all costs associated with the administration of the plan.

SECTION  29.2     ENROLLMENT
-------------     ----------

     Enrollment  in the plan shall be quarterly, provided that in the first year
     of  employment  said  Pilot  worked  at  least  one thousand (1,000) hours.

SECTION  29.3     VESTING
-------------     -------

     Years            Percent  of  Vesting
     -----            --------------------
     One  year        33  1/3  Percent
     Two  years       66  2/3  Percent
     Three  years     100  Percent

SECTION  29.4     CONTRIBUTION
-------------     ------------

     For  those  Pilots who contribute to this plan the Company shall contribute
     seventy  percent  (70%)  on the first eight percent (8%) contributed by the
     Pilot.  All  Company and employee contributions shall be deposited into the
     respective  employee's  401(k)  account on the same day the wages are paid.

                                   ARTICLE 30
                                    JURY DUTY
                                    ---------

SECTION  30.1
-------------

     The  purpose  of  jury  pay  is to make the Pilots' pay whole while meeting
     their civic duty. Pilots who are required by proper court order or summoned
     to  be  absent  from  work  in  connection  with jury duty will be paid the
     earnings  he  would  have  received  for  a regular scheduled shift up to a
     maximum  of  seven  (7)  work  schedules  per  calendar  year.

SECTION  30.2
-------------

     Jury pay is not applicable when a Pilot is on leave of absence, vacation or
     layoff.

                                       37
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AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  30.3
-------------

     In  the  event  a  Pilot is released from Jury Duty on a duty day, he shall
     proceed  to  his base or assignment the following day commensurate with his
     crew  rest  requirements.

SECTION  30.4
-------------

     Pilots  under  subpoena  for  reasons  benefiting  the  Company  will  be
     compensated  for  all  lost  time provided the Pilot was scheduled to work.

SECTION  30.5
-------------

     Vacation  time  may  be  used  any  time a Pilot is required by subpoena to
     appear  in  a  matter  not  benefiting  the  Company.

                                   ARTICLE 31
                                BEREAVEMENT LEAVE
                                -----------------

SECTION  31.1
-------------

     The  Company  shall  grant  a bereavement leave for each individual for the
     death  of  a  member of the Pilot's immediate family. Pilots on bereavement
     leave  shall  be paid for each duty day missed, up to a maximum of four (4)
     days  or  forty-eight (48) hours, whichever is less, per occurrence. Pilots
     may use accrued but unused Vacation beyond the four (4) days or forty-eight
     (48)  hours  bereavement leave. For the purposes of this Article, a Pilot's
     immediate  family  shall  include  his  current  spouse, in-laws, children,
     step-children,  parents,  grandparents,  siblings  and  legal  guardian.

SECTION  31.2
-------------

     The Company shall grant bereavement leave for each individual for the death
     of  a  member  of the Pilot's extended family of one (1) day or twenty-four
     (24)  duty  hours,  whichever  is  less. A Pilot's extended family includes
     aunt,  uncle,  nephew and niece. Pilots may use accrued but unused Vacation
     beyond  the  one  (1) day or twenty-four (24) duty hours bereavement leave.

SECTION  31.3
-------------

     Funeral  leave  is not compensable when the Pilot is on scheduled days off,
     leave  of  absence,  layoff,  or  suspension.

                                   ARTICLE 32
                                  SEVERANCE PAY
                                  -------------

                                       38
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  32.1
-------------

     A  Pilot  who  is laid off and is placed on furlough with the Company shall
     receive  severance  pay  according  to  the schedule in Section 32.2 below.
     Except if one or more of the following conditions exist he shall receive no
     severance  pay.

     1.   He  refuses to accept a job or assignment within his category of Pilot
          with  the  Company;

     2.   He  is  dismissed  for  cause  or  resigns  or  retires.

SECTION  32.2
-------------

     Severance  pay  will  be  paid  within seven (7) days following the Pilot's
furlough  based  on  the  following  schedule:

<TABLE>
<CAPTION>
     Full Years of Company Service                                Calendar Weeks
     -----------------------------------------------------------  ---------------
<S>                                                               <C>
     One (1) full year of service but less than four (4)          Two (2) weeks
     Four (4) full year of service but less than eight (8)        Four (4) weeks
     Eight (8) full year of service but less than twelve (12)     Six (6) weeks
     Twelve (12) full year of service but less than fifteen (15)  Eight (8) weeks
     Fifteen (15) full year of service or more                    Ten (10) weeks
</TABLE>

SECTION  32.3
-------------

     The Company will attempt to give Pilot(s) two (2) weeks advance notice of a
     base  closure  or  loss  of  contract.

SECTION  32.4
-------------

     Medical  and  Dental  insurance,  if  any,  shall  continue for thirty (30)
     calendar  days following the Pilot's layoff or furlough, provided the Pilot
     pays  the  appropriate  contribution  amounts. The Pilot will thereafter be
     eligible  for  COBRA  coverage  at  that  time.

                                   ARTICLE 33
                     UNION BULLETIN BOARDS & COMMUNICATIONS
                     --------------------------------------

SECTION  33.1
-------------

     The Company shall permit the Union to display an unlocked bulletin board at
     each  base  that  is  company  owned. The Union shall purchase the bulletin
     boards and shall be responsible for their installation. The bulletin boards
     shall  only  be  placed in areas that have been agreed to by the Company in
     advance.  The provision shall not be applicable if such bulletin boards are
     not  permitted  or  authorized  by  a  customer  who  owns  the  premises.

SECTION  33.2
-------------

     The  bulletin boards used by the Union and Pilots covered by this agreement
     shall  be  for  posting  notices  of Union social and recreational affairs,
     meetings  and  elections.

                                       39
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  33.3
-------------

     General  distributions,  posted notices and official business will bear the
     seal  or signature of an officer of the Union or a Pilot representative and
     will  not  contain anything defamatory, derogative, inflammatory, negative,
     or  of  a  personal  nature  attacking  the Company or its representatives.

SECTION  33.4
-------------

     The  Company may refuse to permit any posting that would violate any of the
     provisions of this Agreement. Any notices posted that are not in accordance
     with  this  Article  shall  be  removed by the Union or by the Company upon
     notice  to  the  Union.

SECTION  33.5
-------------

     If  no bulletin board is permissible, the union may maintain an information
     book  which  shall  remain  in  the  Pilot's  reference  area  or  office.

                                   ARTICLE 34
                            GENERAL AND MISCELLANEOUS
                            -------------------------

SECTION  34.1
-------------

     Any  deviation  from this Agreement shall be made by mutual consent between
     the  Company  and  the Union. Such consent must be in writing and signed by
     both  parties.

SECTION  34.2
-------------

     All  orders  or  notices  to  Pilots  covered by this Agreement involving a
     transfer,  promotion,  demotion, layoff, or leave of absence shall be given
     in  writing to such Pilot with a copy to the Union within ten (10) calendar
     days.

SECTION  34.3
-------------

     The  pay period is currently fourteen (14) days (bi-weekly). If the Company
     wishes  to  change  the  pay  period  timing, it shall meet and discuss the
     change  with  the  Union  prior  to  implementation.

SECTION  34.4
-------------

     This  Agreement  prohibits a Pilot from engaging in any activities that are
     in  competition  with the Company and flying activities that interfere with
     their  service  to the Company, provided, however that this provision shall
     not  be construed to prohibit Pilots from affiliating with the Armed Forces
     of  the  United  States.

                                       40
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  34.5
-------------

     The  Company  shall  make  a  copy of the current contract available to all
     Pilots on the Air Methods' website. In addition, the Company shall share in
     the  cost  of  printing  this  Agreement  up  to  a  maximum  of $1,000.00.

SECTION  34.6
-------------

     A  Pilot's  primary  responsibility  is to ensure the safe operation of the
     aircraft.  A  Pilot  may  also  be  required  to  assist  in minor aircraft
     maintenance  other  than that specifically authorized; washing of aircraft,
     couriering  of  parts, or other non-flying duties. In no case shall a Pilot
     be  required  to  operate  a  ground ambulance or perform facility repairs.

     This  provision does not restrict a Pilot from performing non-flying duties
     related  to  the promotion of the profession such as conducting educational
     classes,  public  relations  presentations,  or  events  of  that  nature.

SECTION  34.7
-------------

     If  a  Pilot's  personal  items  are damaged due to an aircraft accident or
     other  unusual  circumstance  beyond  the  Pilot's  control, a claim may be
     submitted  to  the  Company  and paid consistent with its insurance policy.
     However,  the Company reserves the right to require proof of loss and value
     of  the  item  covered  in  the  claim.

SECTION  34.8
-------------

     Any  Pilot  leaving  the  service of the Company shall, upon request to the
     Human  Resource  department,  be  provided  with a letter setting forth the
     Company's  record  of his job title, stating his length of service and rate
     of  pay  at  the  date  he  left  the  Company.

SECTION  34.9
-------------

     Pilots  covered  by  this  Agreement  shall  be  governed by all reasonable
     Company  rules,  regulations  and  orders previously or hereafter issued by
     proper  authorities of the Company which are not in conflict with the terms
     and conditions of this Agreement, and which have been made available to the
     Pilots  and  union  prior  to  becoming  effective.

SECTION  34.10
--------------

     If  the Union considers the rule to be unreasonable, it will have the right
     to  file  a  written  grievance  challenging  such  rule  prior  to  the
     implementation  by  the  Company. Grievances properly filed in this respect
     will  be  subject  to  the  normal Grievance and System Board of Adjustment
     procedures  as  set  forth  in  Article  6 and Article 7 of this Agreement.

                                       41
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 35
                            EQUIPMENT AND FACILITIES
                            ------------------------

SECTION  35.1
-------------

     The  Company  shall  furnish  each  Pilot  with  the  following:

     1.   A  helmet  if  required.

     2.   If  a helmet is not required, effective upon execution of the Contract
          the  Company  will  provide  a  one-time  $100.00 allowance toward the
          purchase  of  an  individual  headset  upon  proof  of  purchase. Such
          allowance  will not be applicable to previously purchased headsets. In
          either case a backup headset(s) will be provided in each aircraft as a
          primary  means  of  communication.

     3.   An appropriate name tag, badge, embroidery, or other suitable means to
          identify  each  Pilot  on  their  uniform.

     4.   A  minimum  of  two  suitable  work uniforms deemed appropriate by the
          Company  or  Customer. Such uniforms shall be given to Pilots new to a
          program  and  be  replaced  annually  as  necessary.

     5.   One jacket, suitable for the local climate as deemed by the Company or
          Customer,  and  replaced  as  necessary.

     6.   Up to two (2) department or Customer ball caps annually if provided by
          the  department  or  Customer  and  requested  by  the  Pilot.

     7.   The Company shall reimburse, upon proof of purchase, up to one hundred
          dollars  ($100.00)  per  year to each active Pilot on the payroll, for
          the  purpose  of  purchasing  Company  or Customer required acceptable
          footwear.

SECTION  35.2
-------------

     The  Company will endeavor to provide reasonably quiet quarters with a rest
     facility  for  duty  Pilots  only.

SECTION  35.3
-------------

     At  each  base  the  Company  will  provide internet access for appropriate
     weather  source  and/or  required  Company  information.  An  area shall be
     designated  for  the  completion  of  Company  paperwork.

SECTION  35.4
-------------

     Pilots  who  are  required to spend the night away from their assigned base
     location  shall  be  provided  with  single  room  hotel  accommodations.

                                       42
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  35.5
-------------

     The  Company  shall  provide a VCR or DVD player, and television in an area
     accessible  by  the  Pilot,  if  not  already provided by the department or
     Customer.  Where  standard  broadcast  signal is not available, the Company
     will  provide  basic  cable  or  satellite.

                                   ARTICLE 36
                       PRODUCTIVE WORK ENVIRONMENT POLICY
                       ----------------------------------

SECTION  36.1
-------------

     It  is  agreed  that  the  Company,  as a responsible corporate citizen, is
     committed  to  maintaining  a hospitable, cooperative work environment that
     promotes  professionalism,  common  courtesy  and  mutual respect among all
     levels of employees, supervisors, managers, and executives. To advance that
     commitment,  the  Company has adopted and will communicate to employees the
     productive  work  environment  policy  that  strictly  prohibits sexual and
     workplace  harassment on the basis of race, color, creed, gender, religion,
     national  origin, age, sexual orientation or disability or any other status
     protected  by  either  Federal  or  State statute. This policy shall not be
     amended  during  the  term  of  this  agreement  unless  required  by  law.

SECTION  36.2
-------------

     The  Union  agrees  to  support the provisions of the Air Methods corporate
     productive  work  environment  policy. Each Pilot will be required to read,
     understand and sign an acknowledgement of this policy, which will be placed
     in  his  personnel  file.

                                   ARTICLE 37
                          WAIVER AND COMPLETE AGREEMENT
                          -----------------------------

SECTION  37.1
-------------

     This  Agreement  sets  forth  the entire understanding and agreement of the
     parties and may not be modified in any respect except by writing subscribed
     to  by  the  parties.  This  Agreement  supercedes all previous agreements,
     commitments  or  practices,  oral  or  written, between the Company and the
     Union  and/or  the  Pilots,  and  expresses  all  of the obligations of and
     restrictions  imposed  upon each of the respective parties during its term.
     The  waiver  of  any  provision  of  this  Agreement  or any breach of this
     Agreement  by  either  party  during  the  term  of the Agreement shall not
     constitute  a  precedent  for the future waiver of any breach or provision.
     Nothing in this Agreement shall prohibit the parties from bargaining on any
     issue  they  desire if both parties mutually agree to do so during the term
     of  this  Agreement.

SECTION  37.2
-------------

     This  document,  together  with  all  exhibits, memoranda of understanding,
     letters  of  agreement,  and  letter  of  interpretation  incorporates  the
     complete agreement between the parties on all issues specifically addressed
     herein.

                                       43
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  37.3
-------------

     The  parties agree that any past practices established prior to the date of
     this  Agreement  shall  not  create  any contractual or legal obligation to
     continue  such  practices  following  the effective date of this Agreement.

                                   ARTICLE 38
                                 SAVINGS CLAUSE
                                 --------------

SECTION  38.1
-------------

     Should any part of this Agreement be rendered or declared invalid by reason
     of  any  existing  or  subsequently  enacted legislation, act of government
     agency,  or  by  any  decree  of  a  court  of competent jurisdiction, such
     invalidation of such part or portion of this Agreement shall not invalidate
     the  remaining  portions  hereof,  and  they shall remain in full force and
     effect.

SECTION  38.2
-------------

     In  the event that any provisions of this Agreement are in conflict with or
     are  rendered  inoperative or unlawful by virtue of any duly enacted law or
     regulation  or  any  governmental  agency or commission having jurisdiction
     over  the Company, the Union and Company will meet and attempt to negotiate
     changes  necessary,  pertaining  only  to  those  provisions so affected or
     directly  related  thereto.

                                       44
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   ARTICLE 39
                                    DURATION
                                    --------

     This  Agreement  shall  be effective from January 1, 2006 through April 30,
2009  and  shall automatically renew itself from year to year thereafter, unless
written  notice of intended change is served in accordance with Section 6, Title
I of the Railway Labor Act by either party at least sixty (60) days prior to the
amendable  date  or  any  anniversary  thereof.

Office and Professional Employees      Air Methods Corporation
International Union

By:  /s/ Michael Goodwin               By:  /s/ Aaron D. Todd
    ---------------------------------      -------------------------------------

By:                                    By:
    ---------------------------------      -------------------------------------

By:                                    By:
    ---------------------------------      -------------------------------------

By:                                    By:
    ---------------------------------      -------------------------------------

By:                                    By:
    ---------------------------------      -------------------------------------

By:
    ---------------------------------

By:
    ---------------------------------

                                       45
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

                                   APPENDIX A
                                 SALARY SCHEDULE
                                 ---------------

SECTION  1.   BASE  PAY
-----------------------

The  Pilot  in  Command  Base  Pay  Schedule  listed below shall be effective on
January  1,  2006.  Co-Pilots  shall be paid a rate equal to 75% of the Pilot in
Command  Pay  Schedule.

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
HIRE YEAR  1-Jan-06 (1)   PAY STEP  1-Jan-07 (2)   1-Jan-08 (2)   1-Jan-09 (2)
-------------------------------------------------------------------------------
<S>        <C>            <C>       <C>            <C>            <C>
-------------------------------------------------------------------------------
                                            3.75%          3.75%          4.00%
-------------------------------------------------------------------------------
2006       $     50,000        0-1  $     51,875   $     53,820   $     55,973
-------------------------------------------------------------------------------
2005       $     50,813        1-2  $     52,718   $     54,695   $     56,883
-------------------------------------------------------------------------------
2004       $     51,639        2-3  $     53,576   $     55,585   $     57,808
-------------------------------------------------------------------------------
2003       $     52,479        3-4  $     54,447   $     56,489   $     58,748
-------------------------------------------------------------------------------
2002       $     53,332        4-5  $     55,332   $     57,407   $     59,703
-------------------------------------------------------------------------------
2001       $     54,199        5-6  $     56,232   $     58,341   $     60,674
-------------------------------------------------------------------------------
2000       $     55,081        6-7  $     57,146   $     59,289   $     61,661
-------------------------------------------------------------------------------
1999       $     55,976        7-8  $     58,075   $     60,253   $     62,663
-------------------------------------------------------------------------------
1998       $     56,886        8-9  $     59,020   $     61,233   $     63,682
-------------------------------------------------------------------------------
1997       $     57,811       9-10  $     59,979   $     62,229   $     64,718
-------------------------------------------------------------------------------
1996       $     58,751      10-11  $     60,955   $     63,240   $     65,770
-------------------------------------------------------------------------------
1995       $     59,707      11-12  $     61,946   $     64,269   $     66,839
-------------------------------------------------------------------------------
1994       $     60,678      12-13  $     62,953   $     65,314   $     67,926
-------------------------------------------------------------------------------
1993       $     61,664      13-14  $     63,977   $     66,376   $     69,031
-------------------------------------------------------------------------------
1992       $     62,667      14-15  $     65,017   $     67,455   $     70,153
-------------------------------------------------------------------------------
1991       $     63,686      15-16  $     66,074   $     68,552   $     71,294
-------------------------------------------------------------------------------
1990       $     64,721      16-17  $     67,148   $     69,666   $     72,453
-------------------------------------------------------------------------------
1989       $     65,774      17-18  $     68,240   $     70,799   $     73,631
-------------------------------------------------------------------------------
1988       $     66,843      18-19  $     69,350   $     71,950   $     74,828
-------------------------------------------------------------------------------
1987       $     67,930      19-20  $     70,477   $     73,120   $     76,045
-------------------------------------------------------------------------------
1986       $     69,035      20-21  $     71,623   $     74,309   $     77,282
-------------------------------------------------------------------------------
1985       $     70,157      21-22  $     72,788   $     75,518   $     78,538
-------------------------------------------------------------------------------
1984       $     71,298      22-23  $     73,971   $     76,745   $     79,815
-------------------------------------------------------------------------------
1983       $     72,457      23-24  $     75,174   $     77,993   $     81,113
-------------------------------------------------------------------------------
1982-1977  $     73,635        >24  $     76,397   $     79,261   $     82,432
-------------------------------------------------------------------------------
</TABLE>

Upon contract ratification all Pilots shall be placed onto the Base Pay Schedule
in the 2006 year column commensurate with their year of hire.  Beginning in 2007
each  Pilot  shall  move  to  the 2007 year column on January 1, 2007 to the row
corresponding with their years of service.  At the Pilot's anniversary date with
the  Company,  beginning  in  2007,  the  Pilot  will  move  to  the  next  row
corresponding  with  their years of service.  The anniversary date is defined as
the  date  a  Pilot  entered  service  with the Company as a Pilot in Command or
Co-Pilot.

FOOTNOTES

(1)  Will  be  retroactive  to 1/1/06 provided contract is ratified on or before
     March  31,  2006  and  paid  within  forty-five  (45)  calendar  days.

                                       46
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

(2)  Effective  on  the  first payroll period commencing after the listed dates.
     Such  annual salary adjustments shall also be paid out on the first payroll
     period.

SECTION  2.   METHODOLOGY  FOR  DETERMINING  WHERE A PILOT INITIALLY FITS IN THE
--------------------------------------------------------------------------------
SCALE.
------

     The Company reserves the right, based on previous experience of a Pilot(s),
     to  place  them  on  the above scale up to the five (5) year level or step.
     Thereafter  the  Pilot  annually  shall  be  advanced to the next step. Any
     disputes  relative  to that placement shall not be subject to the grievance
     and/or  Systems  Board  of  Adjustment  provision located elsewhere in this
     agreement.  Such  placement  on  the  scale  will be made utilizing written
     documentation  of active years in aircraft aviation experience. The Company
     reserves  the  right  to  determine  the  adequacy  of  the  documentation.

SECTION  3.   BASE  ASSIGNMENT
------------------------------

     The  Pilot shall be paid based upon the applicable schedule for the base to
     which  he/she  is  assigned  or  relocated.

SECTION  4.   ACCRA  GEOGRAPHIC  DIFFERENTIAL  PAY
--------------------------------------------------

     Effective  with  the implementation of the above schedule the Company shall
     determine  the  ACCRA  impact  for  each current base using the most recent
     available  quarterly  ACCRA  data  when  a  Tentative  Agreement is reached
     between  the parties. The above schedule shall be considered 100% under the
     ACCRA  system  and  all  current bases shall be adjusted according to their
     respective  ACCRA  rating  as  per  the  table  below.  If no ACCRA data is
     available  for  a  current  or  new  base  location,  the  five (5) nearest
     reporting  cities  to  that  base  may  be  used to derive an ACCRA average
     provided that there are five (5) locations in close proximity of that base.
     Close  proximity  shall be considered within 75 miles. The Company reserves
     the  right  to  develop  recruitment and/or retention systems which will be
     paid  above  the  schedule.  Such  schedules or systems will be paid to all
     Pilots  at  the base in question. In the event the Pilot voluntarily leaves
     his/her  original base their pay will be based on their actual date of hire
     for  purposes  of  step increases. The ACCRA impact rating effective at the
     execution  of this agreement shall remain unchanged for the duration of the
     Contract.  The  ACCRA  rating  shall  not  be  applicable for workover pay.

<TABLE>
<CAPTION>
               ---------------------------------------------
               Location ACCRA rating   Pay scale adjustment
               ---------------------------------------------
<S>                                    <C>
               ---------------------------------------------
                    0  - 105%                   100%
               ---------------------------------------------
                  105.1 - 115%                  110%
               ---------------------------------------------
                  115.1 - 125%                  120%
               ---------------------------------------------
                  125.1 - 135%                  130%
               ---------------------------------------------
                  135.1 - 150%                  140%
               ---------------------------------------------
                Greater than 150%               160%
               ---------------------------------------------
</TABLE>

                                       47
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

SECTION  5.   INITIAL  TRAINING
-------------------------------

     During  initial  training  Pilots  shall  be  paid  at  the  starting  rate
     commensurate  with  the  assigned  base.

SECTION  6.   RELIEF  PILOTS
----------------------------

     All relief Pilots shall have an ACCRA rating utilizing the Denver, Colorado
     ACCRA  rating.

SECTION  7.   NO  REDUCTION
---------------------------

     No  Pilot shall suffer a loss of pay due to the implementation of the above
     schedule.  The  Company  will  extend  a  one-time  payment  of  3%  Salary
     Adjustment  to any Pilot above the pay schedule. Such payment shall be made
     within  forty-five  (45)  days  of  ratification. For such Pilots, in years
     2007,  2008  and  2009 they shall receive on January 1 of each year a check
     equivalent  to  the  amount  of annual increase granted all other employees
     less  applicable  taxes.  Such adjustment shall not be added to the Pilots'
     base  pay.  For  those  Pilots  who  receive less than a three percent (3%)
     increase  in the ACCRA adjusted base pay as of January 1, 2006, the Company
     will  extend  a  one-time  payment that equals the difference between three
     percent  and  the  total  of  the  first  year  increase.

SECTION  8.   SUPPLEMENTAL  PAY
-------------------------------

     Pilots  performing  duties  in  the  following  positions shall receive the
     indicated  annual  supplemental  pay  (divided  by  26 and paid through the
     normally  occurring  pay  period cycle). Pilot(s) who receive more than the
     supplemental  pay  listed  below  shall receive that amount so long as they
     hold  such  position.  The  amount  of  such pay shall be determined by the
     actual  dollars  the  employee  received  prior  to  the  adoption  of this
     collective  bargaining  agreement.  Pilot(s)  who  currently  receive  IFR
     supplemental  pay  shall  continue  to  do  so  for  the  duration  of this
     agreement.

<TABLE>
<CAPTION>
<S>                                      <C>
     Check Airmen                        $3,000
     Training Captain/Trainer             2,500
     Aviation Service Manager             4,200
           ASM w/Multiple A/C             5,700
           ASM w/Multiple A/C Locations   7,200
     Aviation Base Manager                1,500
     Lead Pilot                           3,000
     Base Safety Pilot                      800
           Two to Three A/C               1,600
           Four to Five A/C               2,400
           Six or more A/C                3,200
     ATP in category assigned               600
</TABLE>

                                       48
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                APPENDIX B

                            BASE ACCRA RATINGS
                            ------------------

------------------------------------------------------------------------
                           REVISED MARCH 1, 2006
------------------------------------------------------------------------
LOCATION                            ACCRA                 FORMULA
------------------------------------------------------------------------
<S>                          <C>                   <C>
------------------------------------------------------------------------
Albany NY                                   124.6                 120.0%
------------------------------------------------------------------------
Anaheim CA                                  156.1                 160.0%
------------------------------------------------------------------------
Anderson SC                                  94.4                 100.0%
------------------------------------------------------------------------
Asheville NC                                 99.4                 100.0%
------------------------------------------------------------------------
Atlanta GA                                   97.4                 100.0%
------------------------------------------------------------------------
Augusta GA                                   89.0                 100.0%
------------------------------------------------------------------------
Aurora CO                                   100.6                 100.0%
------------------------------------------------------------------------
Bakersfield CA                              110.3                 110.0%
------------------------------------------------------------------------
Banning CA                                  126.4                 130.0%
------------------------------------------------------------------------
Bartow FL                                    99.4                 100.0%
------------------------------------------------------------------------
Bend OR                                     103.9                 100.0%
------------------------------------------------------------------------
Billings MT                                  98.1                 100.0%
------------------------------------------------------------------------
Bluefield WV                                 92.6                 100.0%
------------------------------------------------------------------------
Blueridge/Hickory NC                         92.4                 100.0%
------------------------------------------------------------------------
Boulder City NV                             109.9                 110.0%
------------------------------------------------------------------------
Branson MO                                   86.7                 100.0%
------------------------------------------------------------------------
Brooksville FL                               98.9                 100.0%
------------------------------------------------------------------------
Cape Girardeau MO                            90.7                 100.0%
------------------------------------------------------------------------
Carlsbad CA                                 150.3                 160.0%
------------------------------------------------------------------------
Cartersville GA                              94.4                 100.0%
------------------------------------------------------------------------
Champaign IL                                 95.9                 100.0%
------------------------------------------------------------------------
Charleston WV                                92.6                 100.0%
------------------------------------------------------------------------
Charlotte NC                                 92.4                 100.0%
------------------------------------------------------------------------
Chesterfield MO LifeNet                      94.3                 100.0%
------------------------------------------------------------------------
Chicago/Maywood IL                          110.1                 110.0%
------------------------------------------------------------------------
Chinle AZ                                   112.4                 110.0%
------------------------------------------------------------------------
Clarksville TN                               87.0                 100.0%
------------------------------------------------------------------------
Colorado Springs CO                          94.7                 100.0%
------------------------------------------------------------------------
Columbia MO                                  91.6                 100.0%
------------------------------------------------------------------------
Columbia SC                                  96.4                 100.0%
------------------------------------------------------------------------
Columbus GA/Ft. Benning                      97.4                 100.0%
------------------------------------------------------------------------
Conyers GA                                   97.4                 100.0%
------------------------------------------------------------------------
Cottonwood AZ                               106.4                 110.0%
------------------------------------------------------------------------
Denver CO                                   100.6                 100.0%
------------------------------------------------------------------------
Denver CO                                   100.6                 100.0%
------------------------------------------------------------------------
Des Moines IA AMC                            93.9                 100.0%
------------------------------------------------------------------------

                                       49
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

------------------------------------------------------------------------
                           REVISED MARCH 1, 2006
------------------------------------------------------------------------
LOCATION                            ACCRA                 FORMULA
------------------------------------------------------------------------
Des Moines IA RMH                            93.9                 100.0%
------------------------------------------------------------------------
Duluth MN                                    98.1                 100.0%
------------------------------------------------------------------------
Effingham IL                                 92.8                 100.0%
------------------------------------------------------------------------
El Cajon CA                                 126.4                 130.0%
------------------------------------------------------------------------
Elizabethtown KY                             93.7                 100.0%
------------------------------------------------------------------------
Evansville IN                                99.0                 100.0%
------------------------------------------------------------------------
Farmington NM                                94.9                 100.0%
------------------------------------------------------------------------
Flagstaff R/W                               112.4                 110.0%
------------------------------------------------------------------------
Flagstaff, AZ F/W                           112.4                 110.0%
------------------------------------------------------------------------
Frankfort KY                                 93.7                 100.0%
------------------------------------------------------------------------
Franklin NC                                  99.4                 100.0%
------------------------------------------------------------------------
Fredericksburg VA                           125.2                 130.0%
------------------------------------------------------------------------
Frisco CO                                   100.6                 100.0%
------------------------------------------------------------------------
Gardnerville NV                             112.1                 110.0%
------------------------------------------------------------------------
Glen NY                                     136.5                 140.0%
------------------------------------------------------------------------
Glendale AZ                                 100.4                 100.0%
------------------------------------------------------------------------
Greeley CO                                   95.4                 100.0%
------------------------------------------------------------------------
Greenville NC                                95.2                 100.0%
------------------------------------------------------------------------
Griffin GA                                   97.4                 100.0%
------------------------------------------------------------------------
Gulfport MS                                  95.0                 100.0%
------------------------------------------------------------------------
Hartford CT                                 115.7                 120.0%
------------------------------------------------------------------------
Hazard KY                                    93.7                 100.0%
------------------------------------------------------------------------
Huntington WV                                92.6                 100.0%
------------------------------------------------------------------------
Huntsville AL                                89.9                 100.0%
------------------------------------------------------------------------
Hutchinson MN                                98.1                 100.0%
------------------------------------------------------------------------
Imperial CA                                 123.6                 120.0%
------------------------------------------------------------------------
Iowa City IA                                 95.2                 100.0%
------------------------------------------------------------------------
Jacksonville FL                              95.5                 100.0%
------------------------------------------------------------------------
Jefferson GA                                 97.4                 100.0%
------------------------------------------------------------------------
Joplin MO                                    82.4                 100.0%
------------------------------------------------------------------------
Kingman AZ                                  109.4                 110.0%
------------------------------------------------------------------------
Kobelt NY                                   136.7                 140.0%
------------------------------------------------------------------------
LaGrande OR                                 103.9                 100.0%
------------------------------------------------------------------------
LaMonte MO                                   92.9                 100.0%
------------------------------------------------------------------------
Las Vegas (Henderson) NV                    109.9                 110.0%
------------------------------------------------------------------------
Lebanon TN                                   91.9                 100.0%
------------------------------------------------------------------------
Lincoln NE                                   96.7                 100.0%
------------------------------------------------------------------------
Litchfield IL                                94.3                 100.0%
------------------------------------------------------------------------
London KY                                    93.7                 100.0%
------------------------------------------------------------------------
Marshfield WI                                95.0                 100.0%
------------------------------------------------------------------------
Mason City  IA                               89.7                 100.0%
------------------------------------------------------------------------

                                       50
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

------------------------------------------------------------------------
                           REVISED MARCH 1, 2006
------------------------------------------------------------------------
LOCATION                            ACCRA                 FORMULA
------------------------------------------------------------------------
Merced CA                                   159.0                 160.0%
------------------------------------------------------------------------
Mesa AZ                                     100.4                 100.0%
------------------------------------------------------------------------
Miami Baptist, FL                           116.2                 120.0%
------------------------------------------------------------------------
Miami FL (Children's)                       116.2                 120.0%
------------------------------------------------------------------------
Modesto CA                                  159.0                 160.0%
------------------------------------------------------------------------
Mojave CA                                   118.4                 120.0%
------------------------------------------------------------------------
Morgantown WV                               101.1                 100.0%
------------------------------------------------------------------------
Mt Pleasant TN                               91.9                 100.0%
------------------------------------------------------------------------
Mt Sterling KY                               93.7                 100.0%
------------------------------------------------------------------------
Nashville TN                                 94.7                 100.0%
------------------------------------------------------------------------
New Richmond WI                              98.1                 100.0%
------------------------------------------------------------------------
Newark DE                                   108.7                 110.0%
------------------------------------------------------------------------
Norfolk NE                                   91.1                 100.0%
------------------------------------------------------------------------
Norwich CT                                  114.4                 110.0%
------------------------------------------------------------------------
Odessa FL                                    98.9                 100.0%
------------------------------------------------------------------------
Oklahoma City OK (Seminole)                  91.0                 100.0%
------------------------------------------------------------------------
Olathe KS                                    91.7                 100.0%
------------------------------------------------------------------------
Omaha NE                                     89.0                 100.0%
------------------------------------------------------------------------
Osage Beach MO                               90.1                 100.0%
------------------------------------------------------------------------
Oxnard CA                                   118.4                 120.0%
------------------------------------------------------------------------
Pahrump NV                                  109.9                 110.0%
------------------------------------------------------------------------
Palo Alto, CA                               159.0                 160.0%
------------------------------------------------------------------------
Parsons KS                                   90.0                 100.0%
------------------------------------------------------------------------
Philadelphia PA                             123.9                 120.0%
------------------------------------------------------------------------
Pueblo CO                                    90.3                 100.0%
------------------------------------------------------------------------
Rancho Cucamonga CA                         128.1                 130.0%
------------------------------------------------------------------------
Reno NV                                     112.1                 110.0%
------------------------------------------------------------------------
Richmond KY                                  93.7                 100.0%
------------------------------------------------------------------------
Richmond VA                                 105.9                 110.0%
------------------------------------------------------------------------
Roanoke VA                                   90.7                 100.0%
------------------------------------------------------------------------
Rockford IL                                  99.2                 100.0%
------------------------------------------------------------------------
Safford AZ                                   97.2                 100.0%
------------------------------------------------------------------------
Saginaw MI                                   96.4                 100.0%
------------------------------------------------------------------------
Salt Lake City                               95.9                 100.0%
------------------------------------------------------------------------
San Antonio TX                               91.6                 100.0%
------------------------------------------------------------------------
San Juan PR                                  97.8                 100.0%
------------------------------------------------------------------------
Sarasota FL                                 107.9                 110.0%
------------------------------------------------------------------------
Scottsbluff NE                               98.5                 100.0%
------------------------------------------------------------------------
Seminole OK                                  91.0                 100.0%
------------------------------------------------------------------------
Shelbyville TN                               91.9                 100.0%
------------------------------------------------------------------------
Sierra Vista AZ                              94.0                 100.0%
------------------------------------------------------------------------

                                       51
<PAGE>
AIR METHODS CORP. and                            COLLECTIVE BARGAINING AGREEMENT
OPEIU                                                                  2006-2009
--------------------------------------------------------------------------------

------------------------------------------------------------------------
                           REVISED MARCH 1, 2006
------------------------------------------------------------------------
LOCATION                            ACCRA                 FORMULA
------------------------------------------------------------------------
Sioux City IA                                93.3                 100.0%
------------------------------------------------------------------------
Somerset KY                                  93.7                 100.0%
------------------------------------------------------------------------
Sparta IL                                    94.3                 100.0%
------------------------------------------------------------------------
Springfield MO                               92.0                 100.0%
------------------------------------------------------------------------
Springville/Show Low AZ                     112.4                 110.0%
------------------------------------------------------------------------
St Cloud MN                                 100.8                 100.0%
------------------------------------------------------------------------
St. Joseph MO                                90.1                 100.0%
------------------------------------------------------------------------
St. Louis MO                                 94.3                 100.0%
------------------------------------------------------------------------
Sullivan MO                                  94.3                 100.0%
------------------------------------------------------------------------
Tallahassee FL                               90.7                 100.0%
------------------------------------------------------------------------
Tampa FL                                     96.0                 100.0%
------------------------------------------------------------------------
Texarkana AR                                 88.7                 100.0%
------------------------------------------------------------------------
Truckee                                     112.1                 110.0%
------------------------------------------------------------------------
Tucson AZ - Base                             97.3                 100.0%
------------------------------------------------------------------------
Tullahoma TN                                 91.9                 100.0%
------------------------------------------------------------------------
Tulsa OK                                     90.1                 100.0%
------------------------------------------------------------------------
Tupelo MS                                    87.5                 100.0%
------------------------------------------------------------------------
Twentynine Palms CA                         136.7                 140.0%
------------------------------------------------------------------------
Valhalla NY                                 136.5                 140.0%
------------------------------------------------------------------------
Victorville CA                              125.8                 130.0%
------------------------------------------------------------------------
Warrenton MO                                 94.3                 100.0%
------------------------------------------------------------------------
Waterloo IA                                  88.9                 100.0%
------------------------------------------------------------------------
Wildwood FL                                  98.9                 100.0%
------------------------------------------------------------------------
Willcox AZ                                   90.1                 100.0%
------------------------------------------------------------------------
Winslow AZ                                  112.4                 110.0%
------------------------------------------------------------------------
Winston Salem NC                             89.6                 100.0%
------------------------------------------------------------------------
Worcester MA                                118.2                 120.0%
------------------------------------------------------------------------
Wytheville VA                                90.7                 100.0%
------------------------------------------------------------------------
</TABLE>

                                       52

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