ECONOMY

Seaplane companies join forces

Two of the companies already active in the Greek seaplane industry are joining forces in a bid to offer more services through that mode of transportation.

The deal concerns Greek companies K2 Smart Jets and Water Airports CA. The former already has a presence in VIP flights and the latter has undertaken the construction of four seaplane bases – at Corfu, Paxos, Othoni and Erikousa, all in the northern Ionian Sea. After the ratification of a draft law regarding the creation and operation of seaplane bases, the company is in talks to undertake terminals in Crete, the Cyclades, the Dodecanese, the Saronic Gulf and the Sporades.

K2 Smart Jets has bought 50 percent of Water Airports.

The aim of the two firms is speed up the process so that their joint collaboration can start offering integrated services as of early 2014.