An aircraft has a fuselage, one or more propellers and a main wing. The wing has a central portion located beneath the fuselage and distal portions, which extend outwardly from opposite sides of the fuselage. The wing floats on water when the aircraft is stationary and maintains the fuselage above and out of the water. The aircraft optionally has a tail having a horizontal stabilizer, which provides additional support to the fuselage to maintain it out of water. The structure of the aircraft can be adapted for use as a watercraft by reducing the length of the wing.