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Old 10th Oct 2013, 15:24
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Savoia
 
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US Equity Firm Buys into Weststar

Oct 9 (Reuters) - KKR & Co will buy a minority stake in Weststar Aviation Services in a deal that gives the U.S. private equity firm its first deal in Malaysia and a piece of a company that arranges helicopter charter flights for the region's energy sector.

KKR said in a statement that the two companies will take part in a signing ceremony on Thursday, though the firm did not disclose the price it is paying. People familiar with the matter said KKR will pay around 650 million ringgit ($203.41 million).

KKR to buy minority stake in Malaysian helicopter services firm Weststar | Reuters

Weststar to Expand Overseas Operations

UALA LUMPUR, Oct 10 (Bernama) -- Weststar Aviation Services Sdn Bhd targets to commission at least 10 of its helicopters overseas within six months.

Its Group Managing director Tan Sri Syed Azman Syed Ibrahim said the company had participated in a few international tenders and was expecting positive results in one to two months' time.

BERNAMA - Weststar Aviation Aims To Commission At Least 10 Helicopters Overseas In Six Months
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