PHI Urged To Offload Air Medical Division | Aviation International News

PHI Urged To Offload Air Medical Division

Move Could Raise $475 Million To Retire Debt

By Mark Huber • Contributor

September 14, 2018

A significant pair of dissident PHI shareholders are urging the company to offload its air medical division—the nation’s third-largest independent helicopter air ambulance provider—as an alternative to refinancing $550 million worth of the parent company’s debt at double-digit interest rates.

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