Amur Finance Invests into PT Unindo Air Charter
Amur’s first acquisition of a helicopter operator
* Amur’s first acquisition of a helicopter operator
Amur Finance, June 25, 2015 - White Plains, NY – Amur Finance Company, Inc. today announces a new strategic investment into Jakarta-based PT Unindo Air Charter, a regional helicopter operator.
This is Amur’s first acquisition of a helicopter operator and supports Amur’s strategy to increase the number of working helicopters in the Asia Pacific region.
Unindo will have access to various helicopters in Amur’s current fleet, including Bell 206L4, S76 and 350B3 helicopters, all of which will be operating in Indonesia. Unindo will initially concentrate its operations in the on-shore utility market with an expansion into the oil and gas sector as a future objective. The investment in Unindo, along with the March 2015 acquisition of Singapore-based Lloyd Helicopters, demonstrates Amur’s commitment to the Asia Pacific region and its continued growth in the financing, leasing, and operating segments of the aviation and energy services sectors.
To support Amur’s deepened engagement in the Asia Pacific market, Amur recently established three new business units in Asia – Amur ESL Singapore and Amur ESL Indonesia, which each serve the energy, shipping, and logistics sector, and Amur SME Capital, which provides financing solutions specifically for small and medium-sized enterprises. All three entities are led by Mr. Mark Sheridan, Executive Vice President at Amur and President of Amur ESL Singapore, Amur ESL Indonesia and Amur SME Capital.
Mr. Mostafiz ShahMohammed, CEO of Amur said, “By adhering to a continued focus on organic growth and strategic partnerships, Amur has established a new kind of global operating company that relies on asset knowledge, financial expertise, and an entrepreneurial customer-centered culture.” He added, “We will continue to pursue strategic acquisitions with the goal of delivering a comprehensive and diverse suite of customer solutions while expanding our company globally.”
To further these objectives, Amur has also acquired a significant interest in Malaysia-based Coral Alliance Sdn Bhd, a company that provides integrated brownfield services and proprietary products for the oil, gas, and petrochemical industries.
The Executive Chairman of Coral Alliance, Mr. Tengku Ibrahim Petra commented, “Joining forces with Amur will allow us to strengthen our position in Malaysia, and expand into other regions of Asia Pacific.” He further elaborates, “Our business has grown significantly over the past years and now, together with Amur, Coral will be well positioned to take advantage of the regional growth with enhanced financial and operational scale.”
Mr. Sheridan adds, “The acquired stake in Coral Alliance, along with the formation of the new business units will provide Amur the opportunity to build a new business line within its existing commercial finance and operations platform while successfully addressing the growing needs of the Asia Pacific market.”
Amur ESL Singapore and Amur SME will be headquartered in Kuala Lumpur, Malaysia, with future branch offices opening throughout Asia Pacific. Amur ESL Indonesia will be headquartered in Jakarta.
About Amur Finance Company, Inc.: Amur Finance Company, Inc. (Amur) is a privately held, diversified commercial finance company focusing on four main strategies: General Equipment; Aviation; Energy, Shipping & Logistics; and Other Industrial and Commercial Assets. The Amur management team and senior leaders have extensive industry expertise and have been involved in over $100 billion of transportation, industrial and related commercial finance, trading and investment transactions around the world. Amur takes a partnership approach to its investments, providing long term value through joint ventures and strategic arrangements with world-class entrepreneurs and businesses in each focus sector.