Japanese conglomerate Setouchi Holdings has acquired Quest Aircraft, maker of the Kodiak single-engine turboprop.
The acquisition aims to significantly increase Quest Aircraft's production and manufacturing capacity, with the goal of becoming a leading manufacturer of single-engine turboprops globally.
Quest Aircraft will retain its management team and continue building airplanes in Sandpoint, Idaho, with Setouchi Holdings providing the necessary investment.
A Japanese conglomerate has inked an agreement to purchase Quest Aircraft, maker of the Kodiak single-engine turboprop, with a goal of greatly increased production.
Setouchi Holdings plans to retain Quest’s management team and continue building airplanes in Sandpoint, Idaho, as it supplies the cash to allow the manufacturer to hire workers and increase manufacturing capacity.
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