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.
CSU Adjusts Atlantic Hurricane Season Forecast Due to Emerging El Nino 
WR Berkley Founder and Executive Chairman Dies at 80 
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
