KUALA LUMPUR: The Weststar Group and MBSB Bank Bhd (MBSB) have formalised a collaboration through a memorandum of understanding (MoU), with MBSB committing RM1.3bil to drive Weststar’s aviation expansion.
The collaboration builds on a syndicated financing facility in which MBSB participates, and was jointly arranged by MBSB Investment Bank Bhd (MBSB IB) with the backing of four banks with MBSB IB as the joint lead arranger.
In a statement, MBSB said the MoU paves the way for financing solutions, investment ventures and innovative financial structures to support Weststar’s diversified growth and cements MBSB’s role as a financial partner.
Weststar Group managing director Tan Sri Syed Azman Syed Ibrahim said the group’s strength lies in its ability to innovate, diversify and adapt to global economic demands.
"While aviation remains our core, we have expanded into multiple industries while maintaining our position as a regional leader in helicopter services.
"This MoU with MBSB provides a strong strategic framework to unlock new opportunities, supported by innovative financial solutions that are critical to sustaining long-term growth," he said.
MBSB chairman Datuk Wan Kamaruzaman Wan Ahmad said aerospace and aviation are growth multipliers linking Malaysia to global supply chains, energy corridors and future industries.
"By financing Weststar’s expansion, MBSB is investing in Malaysia’s competitiveness and positioning the country to lead in sectors that matter most for tomorrow’s economy,” he added.
