Quest Aircraft Company is pleased to announce that its parent company, Setouchi Holdings, Inc., has signed an agreement with Mitsui & Co., Ltd to acquire an equity stake in Quest. The agreement was finalized in Japan on January 13.

“The agreement between Setouchi Holdings and Mitsui will help us further expand Quest's market globally for the Kodiak by utilizing the relationships that Mitsui has developed,” said Sam Hill, chief executive officer of Quest Aircraft. “They, like Setouchi, are a well-respected company with worldwide business interests in a variety of market segments.”

Setouchi Holdings acquired Quest, which became a wholly-owned subsidiary, in February 2015. The headquarters have remained, and will continue to remain, in Sandpoint, Idaho. This fall, Quest began the construction of a 75,000 expansion which will nearly double its production facility.

“We see continued growth worldwide for the Kodiak, and to efficiently meet this demand, we are expanding our Sandpoint facility,” Hill continued. “The Kodiak is well-suited to a wide variety of missions and we want to further build on our global market penetration. We are enthusiastic about the future and excited about the increased market access we are gaining with our relationship with Mitsui.”