AmBank Group, through AmBank Islamic Berhad, has granted RM2 billion financing to Weststar Aviation Services Sdn Bhd. This marks a significant step in strengthening Malaysia’s aviation transportation infrastructure while supporting industries that are vital to the country’s economic development.The financing is part of a syndicated financing facility, to support Weststar’s helicopter fleet expansion, strengthen working capital, and facilitate the management of foreign exchange requirements, enhancing Weststar’s leadership in shaping the future of the nation’s aviation landscape. The expanded fleet will also support oil and gas operations, providing essential offshore transportation services to Malaysia’s energy sector, while further accelerating Weststar’s growth in the defence and emergency response sectors in support of national priorities.
Jamie Ling, Group Chief Executive Officer, AmBank Group said, “We are pleased to support Weststar in scaling its operations and reinforcing its global footprint. As the company continues to lead the way in aviation innovation and reliability, its expanded capabilities will contribute to supporting commercial oil & gas operations vital to the nation’s energy security and also further enhance Malaysia’s defense and emergency response readiness which is another service track offered by Weststar to the Malaysian Government.”
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. 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.
AmInvestment Bank Berhad is the Lead Coordinator and one of the Joint Mandated Lead Arrangers while AmBank Islamic Berhad is one of the financiers.
Tan Sri Dr. Syed Azman Syed Ibrahim, Group Managing Director of The Weststar Group, said: “Weststar’s strength lies in our ability to innovate, diversify, and remain agile in an increasingly complex global landscape. This strategic collaboration with the AmBank will accelerate our fleet expansion while further strengthening our 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. Together with Ambank, we are confident in delivering sustainable growth, supporting national priorities, and positioning Weststar as a key driver of future growth industries.”
