Schwartz flies to rescue
HIGH profile NSW hotelier Jerry Schwartz has taken a stake in the company which operates Sydney Seaplanes, with the move set to see a significant increase in services out of Rose Bay.
Schwartz will also add his own pair of amphibious aircraft to the Sydney Seaplanes fleet, lifting the total complement to six, with existing shareholders Aaron Shaw and Ken Gaunt confirming the investment would provide a boost to the company.
On New Year’s Eve 2017 Sydney Seaplanes was rocked by the crash of one of its aircraft into the Hawkesbury River, killing all six people on board.
The company confirmed the incident had been a drain on its cash flow but Shaw and Gaunt said the business would have survived without the injection of the third shareholder.