                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                                 (Rule 13d-101)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
                  TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13D-2(A)

                               (AMENDMENT NO. 4)*

                            AIR METHODS CORPORATION
          ____________________________________________________________
                                (Name of Issuer)

                          COMMON STOCK, PAR VALUE $0.06
          ____________________________________________________________
                         (Title of Class of Securities)

                                    009128307
                    _______________________________________
                                 (CUSIP Number)

                              Matthew J. Day, Esq.
                        118 E. 25th Street, Eighth Floor
                            New York, New York 10010
                                 (212) 673-0484
_______________________________________________________________________________
      (Name, Address and Telephone Number of Person Authorized to Receive
                          Notices and Communications)

                                November 29, 2005
          _____________________________________________________________
            (Date of Event which Requires Filing of this Statement)

     If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].

     Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.

                         (Continued on following pages)

                              (Page 1 of 7 Pages)
________________________

     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 2 of 7
------------------------                                ------------------------
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1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
     Acquisitor Holdings Ltd.
     No IRS Identification Number
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                   (b)  [X]

--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS
     WC

--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEM 2(d) or 2(e)                                                     [ ]

--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
     BERMUDA

--------------------------------------------------------------------------------
                   7.     SOLE VOTING POWER
NUMBER OF                 480,890
SHARES             -------------------------------------------------------------
BENEFICIALLY       8.     SHARED VOTING POWER
OWNED BY                  0
EACH               -------------------------------------------------------------
REPORTING          9.     SOLE DISPOSITIVE POWER
PERSON                    480,890
WITH               -------------------------------------------------------------
                   10.    SHARED DISPOSITIVE POWER
                          0
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     480,890
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES  [ ]
     CERTAIN SHARES*
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     4.4%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON *
     CO
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 3 of 7
------------------------                                ------------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
     Duncan Soukup

--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                   (b)  [X]

--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS
     PF

--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEM 2(d) or 2(e)                                                     [ ]

--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
     UNITED KINGDOM

--------------------------------------------------------------------------------
                   7.     SOLE VOTING POWER
NUMBER OF                 20,000
SHARES             -------------------------------------------------------------
BENEFICIALLY       8.     SHARED VOTING POWER
OWNED BY                  0
EACH               -------------------------------------------------------------
REPORTING          9.     SOLE DISPOSITIVE POWER
PERSON                    20,000
WITH               -------------------------------------------------------------
                   10.    SHARED DISPOSITIVE POWER
                          0
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     20,000
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES  [ ]
     CERTAIN SHARES*
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     LESS THAN 1%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON *
     IN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 4 of 7
------------------------                                ------------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     Timothy Lovell
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                   (b)  [X]

--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS
     PF

--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEM 2(d) or 2(e)                                                     [ ]

--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION
     UNITED KINGDOM

--------------------------------------------------------------------------------
                   7.     SOLE VOTING POWER
NUMBER OF                 8,000
SHARES             -------------------------------------------------------------
BENEFICIALLY       8.     SHARED VOTING POWER
OWNED BY                  0
EACH               -------------------------------------------------------------
REPORTING          9.     SOLE DISPOSITIVE POWER
PERSON                    8,000
WITH               -------------------------------------------------------------
                   10.    SHARED DISPOSITIVE POWER
                          0
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     8,000
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES  [ ]
     CERTAIN SHARES*
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     LESS THAN 1%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON *
     IN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 5 of 7
------------------------                                ------------------------

                               AMENDMENT NO.  4 TO
                               -------------------
                            STATEMENT ON SCHEDULE 13D
                            -------------------------

          This  Amendment  No.  4  to  Statement  on  Schedule  13D  (the
"Amendment") is filed  on  behalf  of  the  undersigned  (the "Filing Parties").
This  Amendment  amends  the  Statement  on  Schedule  13D  filed  by the Filing
Parties with the Securities and Exchange Commission (the "SEC") on May 21, 2004,
as  previously  amended  (the "Schedule 13D"), as specifically set forth herein.
Capitalized  terms  used  herein  and  not otherwise defined shall have the same
meanings  ascribed  to  them  in  the  Schedule  13D.

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Item 3 is hereby amended and restated to read as follows:

     The  aggregate purchase price of the 480,890 shares of Common Stock held by
Acquisitor  is  $4,053,903  (including brokerage fees and expenses).  All of the
shares  of  Common Stock beneficially held by Acquisitor were paid for using its
working  capital  funds.

     The  aggregate  purchase  price  of  the  20,000  shares  of  Common  Stock
beneficially  held  by  Duncan  Soukup is $121,482 (including brokerage fees and
expenses).  All of the shares of Common Stock beneficially held by Duncan Soukup
were  paid  for  using  his  personal  funds.

     The  aggregate  purchase  price  of  the  8,000  shares  of  Common  Stock
beneficially  held  by  Timothy  Lovell is $48,834 (including brokerage fees and
expenses).  All  of  the  shares  of  Common  Stock beneficially held by Timothy
Lovell  were  paid  for  using  his  personal  funds.


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 6 of 7
------------------------                                ------------------------

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

Item 5 is hereby amended and restated to read as follows:

     (a)-(b)  The  aggregate  number of shares of Common Stock and percentage of
the outstanding Common Stock of the Issuer beneficially owned (i) by each of the
Filing  Parties,  and (ii) to the knowledge of the Filing Parties, by each other
person  who  may  be  deemed  to  be  a  member  of  a  group,  is  as  follows:

<TABLE>
<CAPTION>
                                         Number of         Number of
                                        Shares: Sole     Shares: Shared
                    Aggregate Number  Power to Vote or  Power to Vote or   Approximate
Filing Party            of Shares         Dispose            Dispose       Percentage*
--------------------------------------------------------------------------------------
<S>                 <C>               <C>               <C>               <C>
Acquisitor (1)               480,890           480,890                 0          4.4%
Duncan Soukup (1)             20,000            20,000                 0           **
Timothy Lovell (1)             8,000             8,000                 0           **

--------------------------------------------------------------------------------------
</TABLE>

     *  Based  on  11,052,055 shares of Common Stock, par value $0.06 per share,
outstanding as of October 28, 2005 as disclosed in the Issuer's Quarterly Report
on  Form  10-Q,  for  the  quarter  ended  September  30,  2005

     **  Less than one percent.

     (1) Each of the Filing Parties disclaims beneficial ownership of the
securities held by the other Filing Parties.

     (c)  Since  the  most  recent  filing  on  Schedule 13D, the Filing Parties
effected  no  transactions in shares of Common Stock of the Issuer other than as
set  forth  in  the  following  table:

<TABLE>
<CAPTION>
   Filing Party       Date     Buy or Sell  Number of Shares  Price
--------------------------------------------------------------------
<S>                <C>         <C>          <C>               <C>
   Acquisitor      11/16/2005      Sell           31,000      $14.38
   Acquisitor      11/17/2005      Sell            7,800      $14.62
   Acquisitor      11/24/2005      Sell           14,300      $14.60
   Acquisitor      11/25/2005      Sell            9,000      $15.08
   Acquisitor      11/28/2005      Sell           30,400      $15.18
   Acquisitor      11/29/2005      Sell          317,100      $15.13
--------------------------------------------------------------------
</TABLE>

     (d)  No  person other than the Filing Parties is known to have the right to
receive,  or  the power to direct the receipt of dividends from, or the proceeds
from  the  sale  of,  such  shares  of  Common  Stock.

     (e) The Filing Parties ceased to be beneficial owners of more than five
percent (5%) of the Common Stock on November 29, 2005.


<PAGE>
------------------------                                ------------------------
CUSIP NO. 009128307                    13D              Page 7 of 7
------------------------                                ------------------------

                                    SIGNATURE

     After  reasonable  inquiry  and to the best of our knowledge and belief, we
certify  that  the information set forth in this statement is true, complete and
correct.

Dated:  November  30,  2005

ACQUISITOR HOLDINGS LTD.                          /s/ Duncan Soukup
                                                  --------------------------
                                                  Duncan  Soukup


By: /s/ Duncan Soukup
---------------------------
Name: Duncan Soukup
Title: Deputy Chairman



/s/ Timothy Lovell
---------------------------
Timothy Lovell

