Malaysia's Weststar Aviation Considers IPO | Aviation International News

Malaysia's Weststar Aviation Considers IPO

Weststar operates Southeast Asia’s largest offshore energy helicopter fleet.

Weststar operates Southeast Asia’s largest offshore energy helicopter fleet comprised primarily of Leonardo AW139 (pictured) and AW189 twins which are used to service a variety of offshore energy clients. (Photo: Weststar Aviation)

By Mark Huber • Contributor

May 19, 2022

Malaysia’s Weststar Group is considering an initial public stock offering (IPO) of its Kuala Lumpur-based helicopter services unit Weststar Aviation. The IPO is targeted to raise at least $300 million, according to reports, and would be in addition to a block sale of approximately 20 percent of the shares in the $2 billion company.

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