Weststar Group snaps up remaining 21% stake in Weststar Aviation from KKR

Weststar Group snaps up remaining 21% stake in Weststar Aviation from KKR

Group acquired stake in the helicopter services provider from US-based global investment firm KKR.

Weststar Aviation is Southeast Asia’s leading offshore helicopter transportation services provider serving the oil and gas industry as well as other sectors. (Weststar Aviation pic)
PETALING JAYA:
Weststar Group has acquired the remaining 21% stake in Weststar Aviation Services Sdn Bhd from funds managed by US-based global investment firm KKR, which had acquired a 40% stake in Weststar Aviation in 2013.

In a statement today, the group said with the completion of this transaction, Weststar Group has become the sole shareholder of Weststar Aviation, an offshore helicopter transportation services provider serving major oil and gas industry players.

Under the leadership of its chairman and founder Syed Azman Ibrahim, Weststar Aviation has expanded its helicopter fleet to 34, making it the largest helicopter operator in Malaysia and Southeast Asia by fleet size.

“Weststar Aviation also entered into new markets such as Africa, Vietnam, and the Middle East, and added new service areas in the public and sustainable energy sectors,” it said.

The statement said Weststar Aviation is well-positioned for continued growth and expansion into new markets and verticals, including the public and sustainable energy sectors.

“For example, in 2022, the company supported the Royal Malaysian Air Force through, in a first-of-its-kind ‘government operated, contractor-owned and maintained’ model, the deployment of four AW 139 Weststar Aviation helicopters and aviation professionals, delivering 90% serviceability,” it said.

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