Aircraft
Setouchi Sells Small Stake in Quest Aircraft
Quest hopes to leverage relationships of new investor to expand global reach.

Japanese conglomerate Mitsui & Co. signed an agreement with Quest Aircraft parent company Setouchi Holdings to acquire an equity stake in the Sandpoint, Idaho-based manufacturer of the Kodiak single-turboprop aircraft. Under the agreement, which was finalized January 13, Mitsui is receiving a 12.5-percent holding of Quest for a $10 million investment, according to Mitsui. The investment comes nearly a year after Setouchi Holdings bought Quest Aircraft, furthering a relationship that began when Setouchi became a Quest dealer.