Subang, Selangor, 3 October 2025 – MBSB Berhad (“MBSB”) and The Weststar Group (“Weststar”), Malaysia’s leading conglomerates with diversified interests spanning aviation, automotive, defence, construction, properties, insurance, ICT, F&B, and renewable energy, today formalised a landmark collaboration through an Exchange of Documents Ceremony at Weststar Aviation Services, Hangar 75, Sultan Abdul Aziz AirPort Subang.
This MOU establishes a strategic framework to unlock opportunities across financing solutions, investment ventures, and innovative financial structures designed to support Weststar’s growth trajectory across all industries, while cementing MBSB’s role as a trusted financial partner to Malaysia’s dynamic corporations.
MBSB and Weststar aim to strengthen Malaysia’s business ecosystem, with a particular focus on expanding the aviation sector and deepening their long-term cooperation. The initiative comes at a pivotal time as the regional aviation industry undergoes rapid growth, fueled by global energy transition projects, rising demand for helicopter services, and the increasing importance of aviation businesses across Asia.
The collaboration builds on a syndicated financing facility in which MBSB participates with a financing commitment of RM1.3 billion and MBSB IB acted as the Joint Lead Arranger for the syndicated Islamic Financing Facility, marking a landmark transaction in the Islamic financing space. The facility supports Weststar Aviation Services Sdn. Bhd. (WASSB), the aviation arm of The Weststar Group, through Term Financing-i to fund the acquisition of helicopters, additional financing for working capital and corporate purposes, and an FX Forward Wa’d-i facility to manage foreign exchange exposure.
By scaling up capabilities, Weststar is not only strengthening its industry leadership but also positioning Malaysia firmly on the regional and global aviation map. In parallel, MBSB reinforces its commitment to financing high-impact, future-oriented sectors that drive sustainable national growth.
Dato’ Wan Kamaruzaman Wan Ahmad, Chairman of MBSB, said “Aerospace and aviation are no longer niche, they are growth multipliers that link Malaysia to global supply chains, energy corridors, and future industries. By financing Weststar’s expansion, MBSB is investing in Malaysia’s competitiveness, positioning the country to lead in sectors that matter most for tomorrow’s economy.”
Tan Sri Dr. Syed Azman Syed Ibrahim, Group Managing Director of The Weststar Group, said “Weststar’s strength lies in our ability to innovate, diversify, and adapt to the changing demands of the global economy. 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 added “By leveraging this partnership, we aim to accelerate our expansion both locally and globally, enhance operational resilience, and continue contributing to Malaysia’s competitiveness on the regional stage. Together with MBSB, we are confident of building sustainable value for our stakeholders, supporting national priorities, and positioning Weststar as a key driver of future growth industries.”
The signing of this MOU reflects a joint commitment to advancing Malaysia’s economic landscape. With Weststar’s global footprint and MBSB’s financial strength, the collaboration is designed to deliver tangible value across multiple sectors while reinforcing Malaysia’s role in the regional economy.
This strategic alliance will not only create opportunities for business expansion but also support national objectives in building stronger industries, generating employment, and enhancing Malaysia’s competitiveness on the world stage.
