Daher – producer of the TBM family, the fastest turboprop aircraft in its category – is taking a major step in developing the company’s airplane manufacturing business with the planned acquisition of Quest Aircraft Company, based in Sandpoint, Idaho, USA, which builds the Kodiak 100.
With this acquisition, Daher strengthens two of its strategic pillars by:
- Reinforcing its aircraft manufacturing business and consolidating the company’s leading position in the turboprop segment by widening the product family,
- Achieving a major milestone in the growth of its North American industrial and services operations.
- The Kodiak 100 is a 10-seat, unpressurized, entry-level aircraft in the single-engine turboprop category.
- Originally created for humanitarian missions in developing countries, the Kodiak 100 is an agile and robust aircraft, capable of operating on uneven and ultra-short runways, while offering optimal safety.
- Certified in 67 countries, the Kodiak 100 is used worldwide by air-taxi, recreational and leisure operators, along with businesses, pilot-owners and humanitarian organizations
Daher strengthens its aircraft manufacturing business with an industrial location in North America
Through this major acquisition, Daher is enhancing its presence in the general and business aviation segment by offering a wider multi-product range. Already well known for its TBM 910 and TBM 940 very fast turboprop aircraft, Daher’s airplane portfolio has now expanded to include the Kodiak 100.
With more than 270 Kodiak aircraft in operation, this all-terrain multi-mission aircraft is used worldwide by air-taxi, recreational and leisure operators, along with businesses, pilot-owners and humanitarian organizations.
In addition to its development and purchasing synergies, the Quest Aircraft Company’s acquisition offers excellent commercial, technological and geographical complementarities. With more than 150 years of know-how, Daher now intends to invest in this production platform to offer an enhanced services and sales network.
The family-owned Daher Group ultimately plans to develop synergies with the two aircraft product lines, introducing technologies and functionalities for the Kodiak aircraft that have contributed to the successes achieved by the TBM.
The Kodiak 100 is an aviator’s aircraft, just like the members of our TBM family, and we are happy to bring together two communities of passionate pilots and operators with the acquisition of Quest,” explained Nicolas Chabbert, Senior Vice President of the Daher Aircraft Business Unit.“We also are particularly pleased to welcome the 240 employees based in Sandpoint, Idaho to the Daher Group”.
Robert Wells the Quest Aircraft Company’s CEO said: “The know-how of Quest and Daher opens the potential for rapid growth, with the combined operation becoming a key international player. Our teams share the values for craftsmanship and quality, as underscored by Quest’s motto: ‘Built by hand in Sandpoint, Idaho”.
The acquisition’s closing is expected to be completed by the end of 2019, subject to approval by the appropriate authorities in both countries.