creators of the kodiak quest aircraft company november 5, 2015
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CREATORS OF THE KODIAK
Quest Aircraft CompanyNovember 5, 2015
1998 – Co-visionaries, Tom Hamilton & David Voetmann and former CEO of Alaska Airlines, Bruce Kennedy
COMPANY HISTORY
May 2001 – Quest Aircraft Company launched with a staff of 14.
October 2002, facility dedicated
2005 Quest expanded to its current 84,000 sq. ft.
2015 expanding to 110,000 square feet and 300 employees
ONE AIRCRAFT, MANY MISSIONS
Amphibious (Floats)Commercial / Cargo
Jump OperationsFleet Operations
Personal Use
PERFORMING HUMANITARIAN WORK AROUND THE WORLD
Current Market Conditions
General Aviation Aircraft Shipment Record for 2015
Aircraft Shipments - Manufactured Worldwide Q1 Q2 Q3 Q4
Single-Engine Turboprops 91 100 N/A 0Multi-Engine Turboprops 25 30 N/A 0
Total Airplanes 116 130
Aircraft Shipments - Manufactured in United States Q1 Q2 Q3 Q4
Single-Engine Turboprops 72 73 N/A 0Multi-Engine Turboprops 25 30 N/A 0
Total Airplanes 97 103
Domestically and Internationally the US dollar is strong. However, it can affect sales in regions such as Central and South America & Asia.
Quest 2015 Aircraft Deliveries vs. Cessna Caravan
Textron Aviation Shipments - Q1 Q2 Q3 Q4Caravan 675 0 3 N/A N/A
Total Shipments: 3
Quest Aircraft Co., Shipments - Q1 Q2 Q3 Q4Kodiak 100 5 7 8 3
Total Shipments: 23
General Aviation Impact Study
• Total economic output in the United States is $220 billion.
• General Aviation Industry supports over 1.1 million jobs in the United States.
• Total amount of labor income supported by general aviation in the U.S. is $70 billion.
• California, Texas & Florida: top three states in total U.S. Gross Domestic (GDP) impact in general aviation.
• Kansas, Connecticut & Georgia: top three states in total economic output, as a percent of total economic output in the state.
• Kansas, Connecticut & Alaska: top three states in the total number of jobs, as a share of statewide employment.
Idaho General Aviation Impact Study
Idaho is one of lowest states, nationally, in General Aviation jobs, total economic output & GDP impact.
• Total Economic output rank: 46• Employment Growth rank: 10• Avg. Aerospace salary $59,927
• $10k above the state average
Aerospace Manufacturing Attractiveness Rankings / Idaho: • Tax rank: 21• Operating cost: 6• Industry rank: 29• Education rank: 43• Overall rank: 27
(Information by Randy Shumway, Zions Bank Advisor, 25 May 2015, IDAHO Politics Weekly)
(Information from Pratt & Whitney April 2015)
Quest Aircraft Company Local Economic Impact
2014
• Quest purchased $3.4 million in Idaho based goods and services.
• Locally, the impact was $3.2 million.
2015 YTD
• Quest has purchased $3 million in Idaho based goods and services.
• Locally, the impact is $2.7 million.
• The total amount of wages paid is $7 million.
• 2015 total economic impact, locally, will be $13 million.
Foreign Certifications
Validation Complete
Validation In Process
The KODIAK 100 is currently certified in 30 countries across the globe, with Japan, EASA, and New Zealand in process
Future
Production Growth Strategy – Phase I
Items highlighted in pink will be relocated into the new building expansion.
Production Growth Strategy –Phase I
Expansion adds 27,000 sq. ft., to the production facility.
Increases area of Inventory, Sub Assembly, Shipping & Receiving, and Receiving Inspection to support current need and allow for future growth.
Enables expansion of second assembly lines in Stages 4-7.
Current Production
Production Growth Strategy
• Phase I creates space required to implement a second production line in the shortest possible timeframe.
• Phase II (250,000 sq. ft.) addresses long term needs for Quest to continue to succeed and grow going forward– Major, minor & sub assembly areas– Completion centers– On site Paint shop– Aircraft Delivery centers– Research and Development areas
• It will be imperative to get State, County & Local assistance to ensure our growth.
Production Growth Strategy – Phase II
• Quest has 1433 ft of runway frontage associated with 30.7 Acres of land.• Phase II plans will take advantage of Quest’s available footprint
Planned Growth Areas
Assemblers Quality Inspectors Tooling Makers Business Analyst Finance Technical Writers Customer Support
Training NeedsPTECHNICScholarships
Paint Technology Electrical Assembly Quality Control Powerplant Maintenance Airframe Assembly
AFFORDABLE HOUSING
We have employees coming from• Newport• Priest River• Hayden• Coeur d’Alene• Post Falls• Liberty Lake• Bonners Ferry
TRANSPORTATION
No-cost shuttle from other communities
Idaho Statute 63-3622GGSales tax exemption for some aircraft and aircraft parts
Set to expire June 30, 2016
Questions
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