Tsuneishi Group’s subsidiary Setouchi Holdings has agreed to acquire US-based Quest Aircraft for an undisclosed amount.
Idaho-headquartered Quest Aircraft produces KODIAK single engine turboprop aircraft, which is designed for short takeoff and landing (STOL) use, and float capability.
Powered by Pratt & Whitney PT6 turbine engine, the KODIAK is said to take-off in under 1,000ft at gross takeoff weight of 7,255lb, and climb over 1,300ft per minute.
KODIAK is used in various applications, including personal use, Part 135 operations, government, and humanitarian organisations, and is certified in 17 countries worldwide.
Quest Aircraft CEO Sam Hill said: "Over the last few years, we have experienced steady growth, and with new financial capitalisation and a shared understanding of the potential opportunities in the marketplace for expansion, we are looking forward to significant growth for Quest in the years ahead."
Following completion of the transaction, the aircraft manufacturer will continue to operate from Idaho headquarters.
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By GlobalDataMr Hill said: "Quest has positioned itself to be attractive to outside investors to help us grow the company, and we feel we have the perfect fit with Tsuneishi Group.
"They also believe strongly in the KODIAK, and want to help us make Quest the leading manufacturer of single engine turboprops in the world."
In 2014, Quest delivered 30 KODIAK airliners, and secured approval from Federal Aviation Administration for the integration of Garmin GFC 700 automatic flight control system (AFCS) in the aircraft.
Image: KODIAK single engine turboprop aircraft is designed for short takeoff and landing use, and float capability.Photo: courtesy of Mark Wagner.
