Not with proper protection. Plenty of aluminum boats sail the Seven Seas.
Salt water DOES NOT corrode aluminum!
You may have noticed that you never see aluminum corrosion in lakes, pools, food packaging products, etc. Typically, if you have seen corroded aluminum, it was in or near the ocean. While it may seem logical to draw the conclusion that the salt water must be corrosive to the aluminum, it is not. Salt water does not corrode aluminum because of its neutral pH. A saltwater solution can, however, be a major facilitator for galvanic or dissimilar metal corrosion, a more complex corrosive process.
http://sheetpileeurope.ch/uploads/CMI technische documenten (engels)/aluminum_corrosion.pdf
Salt water DOES NOT corrode aluminum!
You may have noticed that you never see aluminum corrosion in lakes, pools, food packaging products, etc. Typically, if you have seen corroded aluminum, it was in or near the ocean. While it may seem logical to draw the conclusion that the salt water must be corrosive to the aluminum, it is not. Salt water does not corrode aluminum because of its neutral pH. A saltwater solution can, however, be a major facilitator for galvanic or dissimilar metal corrosion, a more complex corrosive process.
http://sheetpileeurope.ch/uploads/CMI technische documenten (engels)/aluminum_corrosion.pdf