KUALA LUMPUR (April 6): Financial services group AmBank Group has granted a RM2 billion syndicated Islamic financing facility to Weststar Aviation Services Sdn Bhd (WASSB), the aviation arm of Weststar Group.
The funding will support Weststar’s helicopter fleet expansion, help it strengthen working capital and facilitate the management of foreign exchange requirements.
In October last year, WASSB secured RM1.3 billion financing from MBSB Bhd (KL:MBSB).
AmInvestment Bank Bhd is the lead coordinator for the latest round of financing and also one of the joint mandated lead arrangers, while Ambank Islamic Bhd is one of the financiers.
In a statement on Monday, AmBank Group chief executive officer Jamie Ling said Weststar’s expanded capabilities will support commercial oil and gas operations vital to the nation’s energy security, while also enhancing Malaysia’s defence and emergency response readiness.
“With the recently approved financing, Weststar is firmly positioned to accelerate its expansion at scale, strengthening its market leadership and advancing its next phase of strategic growth,” Ling added.
He also shared that AmBank Group has built a strong strategic partnership with Weststar over the past 15 years, a period marked by significant growth and transformation for both organisations.
Weststar Group managing director Tan Sri Dr Syed Azman Syed Ibrahim said the strategic collaboration with AmBank will accelerate its fleet expansion, while further strengthening its operational capabilities both domestically and internationally.
“It enhances our resilience, supports critical sectors such as oil and gas, defence and emergency services, and reinforces our commitment to advancing Malaysia’s economic strength and regional competitiveness,” Syed Azman added.