I'd take my chances on an Ekranoplan/Boeing Pelican versus a normal high altitude jet plane in an emergency any day.
In case of drastic engine failure, you hit the water at 300 mph (just like you would in a commercial liner). The difference is that you don't have the X-hundred miles per hour downward motion that you would from falling 30,000 feet AND you're in a much stronger craft.
No survival? Hardly. It's the normal jets that have no meaningful level of survival, with the occasional exception like that one european stewardess that fell 30,000 feet from an exploded 707 (I think, maybe 727) in the 1970s and lived.