The future of Fairline Boats has been secured, thanks to a deal that sees assets of Fairline Boats bought out of administration for an undisclosed sum.
The new company, Fairline Yachts, is funded by two long-term UK-based Russian investors, who are both highly experienced in managing and developing marine businesses and in the production of high-technology products, IT and media services. Both are also passionate boat owners.
Russell Currie has been appointed as managing director to lead the new business. With nearly 30 years of relevant experience, Russell has a very strong background in the luxury motor yacht industry. A Fairline dealer since 1998, Russell is CEO of Fairline North Mallorca, where he has achieved over £90 million of sales. Prior to this role, Russell was engineering director at Sunseeker International’s factory team based at Mallorca, and was chief test engineer at Princess Yachts International before that.
The newly formed company will operate from its manufacturing facilities in Oundle, Northamptonshire. To ensure continuation of production of the boats, the company invites previous employees to apply for the c.100 jobs that will be immediately available.
For more information visit www.fairline.com