Air Methods Files Bankruptcy After Rates, Regulation Hit Profits.

(Bloomberg) -- Helicopter ambulance company Air Methods Corp. filed for Chapter 11 bankruptcy protection after it struggled to overcome a changing regulatory environment combined with higher interest rates. A majority of its first-lien lenders, bondholders and its shareholders have agreed on a restructuring plan to cut debt by about $1.7 billion, according to a company statement. [Extracted from the article]