Weststar Aviation Services Sdn Bhd has secured a RM2 billion financing facility from AMMB Holdings Bhd (AmBank Group) to support its expansion plans.
Executive director Syed Muhammad Azni Syed Azman said the syndicated facility will fund fleet expansion, strengthen working capital and support foreign exchange management.
Front row (from left): Datuk William Koh, Head, WBC Large Corporate 5, AmBank, Datuk Mohd Wazeer Nawawi, CFO, Weststar Group, and Yeoh Teik Leng, Head, Debt Markets, AmBank Second row (from left): Eqhwan Mokhzanee, CEO, AmBank Islamic, Datuk Jamzidi Khalid, MD, Wholesale Banking, AmBank, Datuk Mohamed Rafique Merican Mohd Wahiduddin Merican, Chairman, AmBank Islamic, Tan Sri Syed Azman Syed Ibrahim, Group MD of The Weststar Group, Syed Muhammad Azni Syed Azman, Director, Weststar Aviation Services Sdn Bhd, and Datuk Wan Hasmar Azim Wan Hassan, CEO.
He said the partnership will enable the company to grow its helicopter fleet, enhance operations and continue supporting key sectors such as offshore oil and gas, defence and emergency services.
With the financing in place, Weststar aims to double its fleet from 32 to 64 aircraft within two years.
The facility was arranged with support from AmInvestment Bank Bhd as lead coordinator and joint mandated lead arranger, while AmBank Islamic Bhd is among the financiers.
AmBank managing director of wholesale banking Jamzidi Khalid said the financing marks the next phase of Weststar’s growth, enabling it to scale operations and expand its presence both regionally and globally.
The agreement builds on a longstanding 15-year partnership between the two groups, supporting Weststar’s continued growth and transformation.
