Setouchi Holdings has launched Setouchi Aircraft Leasing and Trading Corporation (SALT), an aircraft leasing and financing company.
Headquartered in the U.S., SALT is a wholly-owned subsidiary of Setouchi, and the sister company of Quest Aircraft Company. As the finance arm of Setouchi Holdings, SALT will work with Quest Aircraft and customers to secure financing for the Kodiak 100 aircraft.
SALT is led by a team of aviation executives, each having more than 30 years of experience in the aviation industry. Sam Hill, who is also CEO of Quest Aircraft, is SALT’s Chief Executive Officer, with Ron Dwyer serving as Chief Operating Officer. Rounding out the executive team are Vice President of Financing and Chief Financial Officer Don Gies and Vice President of Sales and Acquisition Marty Aaron.
“We are pleased to be able to offer Kodiak dealers and customers access to potential financing sources for their aircraft acquisition,” said Sam Hill. “The executive team of SALT is well-versed in aviation financing, market analysis, aircraft sales and management. This expertise, coupled with Setouchi Holdings’ resources and relationships, allows SALT to work with customers worldwide to find the right solution to meet their individual needs.”
Setouchi Holdings is a Japanese company that has worldwide business interests in a variety of market segments, with a primary focus on aviation, import and export business and resorts. The company acquired Quest Aircraft in February 2015.
Quest, headquartered in Sandpoint, Idaho, is the manufacturer of the Kodiak, a 10-place single engine turboprop airplane, designed for STOL use and float capability. Since beginning deliveries of the Kodiak in December 2007, Quest has seen continued growth in the global marketplace, with aircraft operating around the world in a variety of market segments. The Kodiak has received 23 certifications covering 33 countries, with several additional certifications imminent.