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KKR nears partial exit from RM8.35bil helicopter firm

KUALA LUMPUR: KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn Bhd, South-East Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said.

KKR nears partial exit from Weststar

KUALA LUMPUR: ?The private equity firm is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, businessman Tan Sri Syed Azman Syed Ibrahim, people with knowledge of the matter said.

Hubline venturing into O&G air transportation

KUCHING: Hubline Bhd’s newly acquired aviation company Layang Layang Aerospace Sdn Bhd will buy eight more aircraft and venture into the air transportation service for the oil and gas (O&G) industry.

Sarawak Cable plans to sell helicopters to cut losses

KUCHING: Sarawak Cable Bhd is to scale down its loss-making aviation business with the disposal of several helicopters.

Hubline plans to buy majority stake in aircraft firm for RM14.2mil

KUCHING: Shipping firm Hubline Bhd has proposed to acquire a majority stake in an aircraft company for about RM14.2mil.

Kind Malaysia a CSR matching platform for PLCs

KUALA LUMPUR: Bursa Malaysia has made it mandatory for listed companies to report on a corporate social responsibility (CSR) programme starting next year, said International Trade and Industry Ministry secretary-general Datuk Isham Ishak.

China expands land in disputed South China Sea area

BEIJING: China has "reasonably" expanded its islands in the disputed South China Sea and this year construction projects there including radar facilities covered about 290,000 square meters (72 acres), according to a new government report.

World's largest amphibious aircraft can fly from China to near Sarawak(Update)

BEIJING: China's domestically developed AG600, the world's largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea. It can fly non-stop from China to near Sarawak, Malaysia, and back withour refueling.

THHE, Destini bag RM739mil deal to supply offshore vessels to MMEA

KUALA LUMPUR: THHE Destini Sdn Bhd, a 51:49 joint venture (JV) between Destini Bhd and TH Heavy Engineering Bhd (THHE), has clinched a RM738.9mil contract to supply three offshore patrol vessels for the Malaysian Maritime Enforcement Agency (MMEA).

Lockheed looks past oil slump for gain from Sikorsky deal

CHICAGO: Lockheed Martin Corp knew falling oil prices would dent drillers’ demand for heavy-lift Sikorsky helicopters as it paid US$9bil for the storied manufacturer last year. It just didn’t anticipate the extent of the crude collapse, chief executive officer Marillyn Hewson said in an interview.