Hellenic sees great future for seaplanes in Greece
New carrier expects 1b euros in annual revenue for industry as economy recovers
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[ATHENS] Hellenic Seaplanes, a new airline set to start flying tourists between Greek islands this summer, forecasts that sea-based commercial carriers could generate one billion euros (S$1.75 billion) in annual revenue as European travellers return to a country emerging from recession.
With nearly 6,000 islands and fewer than 50 airports, Greece is a "natural" for seaplanes and could become "the centre of a seaplane industry" in Europe, Nicolas Charalambous, president and chief executive officer of Hellenic Seaplanes, said in an interview in Athens.
"The Maldives and Virgin Islands have shown how seaplanes can contribute to the growth of tourism and we have more islands, a longer coastline and are close to large European tourist markets," he said.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute