Quest_Kodiak

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.

"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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mr 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.