High-profile Sydney hotelier Jerry Schwartz has moved to acquire a majority stake in Sydney Seaplanes (Sydney Rose Bay), aiming to scale up to full ownership in mid-2025 and grow the fleet from three to five aircraft by the end of the year.

Schwartz already held a minority stake of around 10% in Sydney Seaplanes via his Schwartz Family Company investment vehicle. Until now, the carrier was majority-owned by Aaron Shaw and Ken Gaunt. Under the buyout deal’s terms, Shaw and Gaunt will end their day-to-day involvement in the company when…

Source: ch aviation
Read more: Sydney Seaplanes fleet to grow as hotelier ups stake