Japanese company buys northern
Idaho aircraft builder
SANDPOINT, Idaho (AP) - A Japanese company bought a
northern Idaho company that builds a rugged backcountry aircraft.
The
Spokesman-Review reported (http://bit.ly/19wF4K2) in a story on Tuesday that
Setouchi Holdings Inc. has acquired Sandpoint-based Quest Aircraft Company and
plans to increase production and hire more workers.
"We are looking
forward to significant growth for Quest in the years ahead," Quest CEO Sam Hill
said.
Setouchi Holdings officials said the aircraft company with 184
employees will remain in Sandpoint.
Quest Aircraft each year builds about
30 of the $2 million KODIAK single-engine turboprop airplanes. The 10-seat
aircraft is used for mission work, tourism, and skydiving. It is also used for
government and corporate trips.
Setouchi Holdings is a member of
Tsuneishi Group, a global entity involved in shipbuilding, transportation and
related businesses.
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