Paul Schaller, a former Silicon Valley pilot and high-tech executive, has spent the past five years getting Quest Aircraft Co., a turboprop manufacturer in Sandpoint, Idaho, off the ground. But just when business was taking shape, he ran into a wicked recession that has made owning a private plane about as politically correct as wearing mink to a PETA convention.
Schaller's salvation has been to exploit an overlooked and defensible niche: utility turboprops for missionary and humanitarian organizations that need to access remote and dangerous regions. It's a growing $300 million market that hasn't seen much innovation since the Turbo-Beaver bush...