Malaysia's Weststar targets 2015 IPO, orders 10 helicopters for RM600mil

Weststar Aviation Services CEO General Tan Sri Muhammad Ismail Jamaluddin (R), Weststar Group MD Tan Sri Syed Azman Syed Ibrahim and AgustaWestland Malaysia Sdn Bhd MD Vincenzo Alaimo with a AgustaWestland AW139 model at the Singapore Airshow

SINGAPORE: Weststar Aviation Services Sdn Bhd has ordered 10 new helicopters for RM600mil for its expansion and plans to float the company on Bursa Malaysia by the first quarter of next year.

“We will finalise details on the flotation by May and appoint investment bankers by June this year,” Weststar Group managing director Tan Sri Syed Azman Syed Ibrahim – popularly known as the “AP King” – told StarBiz yesterday in Singapore.