Malaysia’s financial services firm MBSB Bhd will provide MYR1.3 billion ($309 million) in funding to support the expansion of Weststar Aviation Services Sdn Bhd, the aviation arm of The Weststar Group, the Edge newspaper reported Friday, citing a statement.
The financing, arranged through a syndicated Islamic facility, will be used to buy helicopters, fund working capital and cover other corporate purposes, including foreign-exchange management, according to the report. MBSB’s banking unit is acting as a joint lead arranger for the loan, it said.
The companies didn’t immediately respond to Bloomberg’s requests for comment.
Weststar Group, founded in 2003, runs a wide range of businesses including aviation, automobiles, property, and insurance, according to its website. It also signed a memorandum of understanding with MBSB to explore cooperation in financing, investment ventures and structured financial products to support its expansion across industries, the report added.
Photograph: A police helicopter flies over Caldono, Cauca department, Colombia, on Friday, Sept. 19, 2025. Photo credit: Jair F. Coll/Bloomberg
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim 
Majority of Small Business Are Underinsured as Other Expenses Prioritized 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Allstate’s $1.7M RICO Claims Fraud Suit Merits Trial, Not Arbitration: NJ High Court 
