24 February 2015

Quest Aircraft Sold!

Bushplane builder Quest Aircraft has been sold.

Quest builds the Kodiak ten-seat turboprop STOL utility aircraft at its plant in Sandpoint, Idaho. The company is privately owned and thus always on the lookout for investors to help it grow. The company produces the Kodiak as its sole product, but has always planned to expand into producing new aircraft designs.

A few years ago Setouchi Holdings of Japan became a dealer for the Kodiak and the company recently decided to buy Quest Aircraft. Setouchi Holdings is part of the part of the Tsuneishi Group. Setouchi has said that the company will remain in Sandpoint and retain its existing staff.

Here is my ever-expanding list of western aerospace companies bought out by non-western interests:

  • Cirrus Aircraft - Government of the Peoples Republic of China
  • Continental Engines - Government of the Peoples Republic of China
  • Enstrom Helicopter Corporation - Chongqing Helicopter Investment Co, China
  • Epic Aircraft - Engineering LLC, Russia
  • Flightstar Sportplanes - rights, tooling and parts inventory purchased by Yuneec International, China
  • Glasair Aircraft - Jilin Hanxing Group, China
  • International Lease Finance Corp - 90% New China Trust Co Ltd, New China Life Insurance Co Ltd, P3 Investments Ltd and China Aviation Industrial Fund
  • Liberty Aerospace - 75% owned by the Kuwait Finance House, a wholly owned subsidiary of Kuwait Finance House of Bahrain
  • LISA Airplanes - 75% owned by Heima Mining Company, China
  • Mooney Aviation Company - Soaring American Corp, backed by Chinese investors
  • Piper Aircraft - Government of Brunei
  • Quest Aircraft - Setouchi Holdings, Japan
  • Superior Air Parts - Weifang Tianxiang Technology Group, China
  • Thielert Aircraft Engines - Government of the Peoples Republic of China

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