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Greece Invest in Seaplanes

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Greece Invest in Seaplanes

Unread postby KlausNW » Tue Dec 05, 2017 4:11 pm

Fund plans €250 million investment for seaplane network in Greece

http://www.tornosnews.gr/en/transport/seaplanes/28505-fund-plans-e250-million-investment-for-seaplane-network-in-greece.html

29.11.2017

Petrichor Capital Partners this week announced that it is eyeing up an investment of up to 250 million euros in Greece over the next two years in order to develop a seaplane network, especially towards islands without airports. The specific commercial prospect has for decades been on the "drawing board" and even tested on a pilot basis, only to stumble before bureaucratic hurdles and lack of a big enough transport capacity to ensure profitability.

A big chunk of the projected investment would go towards purchasing a fleet of seaplanes.

However, the investment framework between Hellenic Seaplanes, a fledgling seaplane operator in Greece, and Capital Partners, necessitates incentives and certain "guarantees" by the government, especially in terms of developing a national seaplane/hydroplane network.

The investment "blueprint" envisions the purchase of up to 20 aircraft and no less than 110 seaside terminals: 50 small facilities, 50 medium ones and 10 major facilities, along with maintenance and refueling stations.
Klaus Marx - Piper Pacer Pilot
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Re: Greece Invest in Seaplanes

Unread postby RKittine » Tue Dec 05, 2017 4:59 pm

It will be interesting to see if Greece can pull this off with their financial issues. For those that have traveled to Greece, there ferry system there is extensive. I have taken ferries to at least 40 islands that are part of Greece from the Mediteranian to the Agean and as much as I love seaplanes I love their ferries. Multiple classes of service, go in just about any weather and very cost effective.

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