Quest Aircraft, maker of the Kodiak single-engine turboprop, is receiving a further cash infusion to help fuel growth at the Sandpoint, Idaho manufacturer. Japanese conglomerate Mitsui & Co. signed an agreement with Quest parent Setouchi Holdings to acquire a $10 million equity stake in the company. Under the agreement, Mitsui is receiving a 12.5-percent holding in Quest.
Quest Parent Sells $10 Million Stake in Company
Key Takeaways:
- Japanese conglomerate Mitsui & Co. invested $10 million to acquire a 12.5-percent equity stake in Quest Aircraft, maker of the Kodiak turboprop.
- The capital infusion will be used to expand Quest's manufacturing plant in Idaho, aiming to double its production capacity.
- Mitsui will utilize its global networks to bolster Quest's international sales footprint, with a particular focus on growth in Asian markets.
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