Bloomberg KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn, Southeast Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said. The private equity firm is in advanced talks to sell a portion of its 40 percent Weststar holding to the company’s controlling shareholder, ...

Bloomberg Airports of Thailand (AOT), the world’s biggest airport operator by market value, surged the most in six years in Bangkok trading after announcing higher-than-expected concession fees for duty free shops and commercial areas at four of the Southeast Asian nation’s international airports. The state-controlled company will receive 20 percent of sales, with a minimum guarantee of 15.4 billion baht ...

Bloomberg Air New Zealand Ltd Chief Executive Officer Christopher Luxon resigned after more than six years in the role, as he raised the possibility of a new career in politics. Luxon, 48, will step down from day-to-day leadership of the airline on September 25, the company said. An international search for his replacement is underway and a new CEO is ...