The Weststar Group is now the sole shareholder of Weststar Aviation Services following its acquisition of Weststar Aviation’s remaining 21 per cent stake from global investment firm KKR. The company has acquired the remaining 21% stake in Weststar Aviation, a...
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The Weststar Group is now the sole shareholder of Weststar Aviation Services following its acquisition of Weststar Aviation’s remaining 21 per cent stake from global investment firm KKR.
The company has acquired the remaining 21% stake in Weststar Aviation, a provider of offshore helicopter transportation services. KKR had acquired a 40% stake in Weststar Aviation in 2013.
Under the leadership of its Chairman and Founder, Tan Sri Syed Azman Ibrahim, Weststar Aviation's helicopter fleet has grown 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 has maintained a 14-year accident-free track record since
2009.
“This is a milestone moment for all of us at Weststar," said the company chairman. "We are grateful for KKR’s support over the years, during which Weststar Aviation expanded internationally serving bluechip energy clients and enhanced our capabilities.”
In 2022, Weststar Aviation 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.
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