Weststar Aviation inks RM2 billion financing deal with AmBank

Weststar Aviation Services Sdn Bhd, the aviation arm of Weststar Group, has secured a RM2 billion financing facility from AmBank Group to accelerate its expansion plans. Executive director Syed Muhammad Azni Syed Azman said the syndicated financing will support fleet growth, strengthen working capital, and manage foreign exchange requirements. With this deal, Weststar aims to expand its helicopter fleet from 32 to 64 aircraft within two years, enhancing its ability to serve critical sectors such as offshore oil and gas, defence, and emergency response.

Weststar Aviation

AmBank managing director Datuk Jamzidi Khalid described the financing as a milestone that will enable Weststar to scale regionally and globally. He added that the partnership could pave the way for future collaborations, including potential super issuances and IPO opportunities. The agreement underscores a 15-year strategic relationship between AmBank and Weststar, reflecting significant growth and transformation for both organizations.

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