Greater heights in the offing for ambitious ventures

Propelled by increased spending from the consumer and business sectors, Malaysia's gross domestic product is projected to rise by as much as 5.1 per cent this year.

The country has also received favourable forecasts from industry observers who have analysed its IPO market in the past years. Many analysts agree that this year's IPO market should perform just as well, if not better, as last year due to a stable political and economic climate. Furthermore, the oil and gas and property industries are also expected to lead to new IPO launches.

The year will likewise mark milestones for Weststar as it ventures once again into new, exciting and game-changing journeys. This is especially true for the group's flagship corporations, Weststar Aviation Services, Global Komited, Weststar Maxus and Weststar Maxus Distributors.

KKR partnership strengthens reach, paves way for IPO

Having been able to catch the interest of United States-based investment firm Kohlberg Kravis Roberts (KKR) is, in itself, a testament to how far and wide Weststar Aviation Services has reached since 2003. The fact that the partnership is KKR's first-ever investment in the country is another.

KKR invested about US$200 million in Weststar Aviation Services last year, enabling it to gain a sizeable minority stake in the corporation, which is set to magnify its presence as the preferred helicopter services provider to the oil and gas sector.