Weststar Aviation Services Sdn. Bhd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Weststar Aviation Services Sdn. Bhd. - overview
Established
2003
Location
-, -, Malaysia
Primary Industry
Transportation Services
About
Weststar Aviation Services Sdn. Bhd. is a leading provider of aviation services focused on the oil and gas industry, primarily delivering helicopter transportation and logistics support for offshore operations. Founded in 2003 in Malaysia, Weststar Aviation Services Sdn.
Bhd. specializes in aviation solutions for the oil and gas sector. The company was fully acquired by The Weststar Group from KKR in March 2023. CEO Muhammad Jamaluddin and Wan Azim lead the firm, which has made two significant deals since its inception.
Weststar Aviation Services specializes in providing a comprehensive range of aviation services tailored to meet the demands of the oil and gas sectors. Their core offerings include helicopter transportation, which facilitates the movement of personnel and equipment to and from remote offshore platforms. The firm ensures operational efficiency and safety through advanced fleet management and maintenance services, showcasing a commitment to high standards in aviation safety and reliability. Weststar serves a diverse client base that includes major oil companies and contractors operating in challenging environments, primarily in regions such as the North Sea, the Middle East, and Southeast Asia.
The company’s services address logistical challenges faced by clients in accessing remote locations, ultimately enhancing operational continuity and efficiency. In the most recent year, Weststar Aviation Services reported a revenue of MYR 150,818,239. 20 and an EBITDA of MYR 47,372,366. 50 for 2022.
Following the recent acquisition finalized on March 4, 2023, Weststar Aviation Services Sdn. Bhd. aims to leverage its resources to develop new products and expand into additional markets. The company is focused on enhancing its service offerings to support the evolving needs of the oil and gas industry.
The acquisition funding will support these initiatives, enabling the company to strengthen its market position and explore new growth opportunities.
Current Investors
Primary Industry
Transportation Services
Sub Industries
Airlines & Air Travel
Website
www.weststar-aviation.aero
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Weststar Aviation Services Sdn. Bhd. - timeline of key events
Weststar Aviation Services Sdn. Bhd. - financials
| Fiscal Year Ended | Jun 30, 2008 | Jun 30, 2009 | Jun 30, 2010 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 19,136,373 | 36,954,506 | 65,485,108 | 31,341,014 | - | - | 525,648,000 | 700,689,000 | 721,763,000 | 717,905,000 | 758,158,000 | 712,097,000 | 811,695,000 | 663,835,000 | - | - | - |
| % Revenue Growth (YoY) | - | 93.1% | 77.2% | - | - | - | - | 33.3% | 3.0% | (0.5%) | 5.6% | (6.1%) | 14.0% | (18.2%) | - | - | - |
| EBITDA (USD) | 4,721,267 | 7,934,295 | 13,500,151 | (18,682,055) | - | - | 180,668,000 | 245,604,000 | 284,199,000 | 292,817,000 | 275,035,000 | 285,314,000 | 281,021,000 | 258,608,000 | - | - | - |
| Operating Income (USD) | 1,955,287 | 4,727,106 | 9,999,729 | (21,273,637) | - | - | 129,257,000 | 184,073,000 | 210,556,000 | 195,169,000 | 189,480,000 | 178,335,000 | 158,315,000 | 112,013,000 | - | - | - |
| Operating Margin | 10.2% | 12.8% | 15.3% | (67.9%) | - | - | 24.6% | 26.3% | 29.2% | 27.2% | 25.0% | 25.0% | 19.5% | 16.9% | - | - | - |
| % EBITDA Margin | 24.7% | 21.5% | 20.6% | (59.6%) | - | - | 34.4% | 35.1% | 39.4% | 40.8% | 36.3% | 40.1% | 34.6% | 39.0% | - | - | - |
| NET Income (USD) | (340,055) | 1,844,633 | 3,716,584 | (26,167,023) | - | - | 55,533,000 | 91,653,000 | 61,428,000 | 94,123,000 | 93,710,000 | 84,086,000 | 37,290,000 | 5,170,000 | - | - | - |
| % Net Margin | (1.8%) | 5.0% | 5.7% | (83.5%) | - | - | 10.6% | 13.1% | 8.5% | 13.1% | 12.4% | 11.8% | 4.6% | 0.8% | - | - | - |
Weststar Aviation Services Sdn. Bhd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Weststar Aviation Services Sdn. Bhd. | - | ||||||||
| Buyout | Completed | Weststar Aviation Services Sdn. Bhd. | - |
Displaying 1 - 2 of 2
Weststar Aviation Services Sdn. Bhd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.