Fairline Yachts Ltd.

Fairline Yachts Ltd.[1] is a British manufacturer of motor yachts. The company was launched on 26 January 2016 when its owners purchased the assets of Fairline Boats which went into administration in December 2015. Fairline Yachts' headquarters and manufacturing facility is in Oundle, Northamptonshire. In December 2017, it was announced that a new manufacturing facility in Hythe, Hampshire,[2] had been purchased by the boat yard and that boats over 60 feet would be produced there.

Fairline's Marine Park in Hythe, Hampshire

History

In January 2016, Alexander Volov and Igor Glyanenko, UK-based Russian businessmen, purchased the assets of Fairline Boats for around £4 million. Fairline Yachts Ltd's new managing director, Russell Currie, announced a reduction in the workforce from the previous 466 to "around 100".[3]

Key developments

In March 2015, Fairline Yachts completed its first build, a Targa 48GT, for a UK customer.[4]

In May 2016, Fairline Yachts announced it had employed its 100th staff member.[5]

In May 2016, Fairline Yachts announced a partnership with the superyacht designer Alberto Mancini and the naval engineers Vripack to work on the design of the future Fairline model range.[6]

At the Cannes Yachting Festival in September 2017, Fairline Yachts launched the first fully Mancini designed boat, the Targa 63 GTO. This was the first of the new generation of models from Fairline Yachts, aptly launched during Fairline's "golden year" with the brand celebrating 50 years of boat building throughout the year. This new model was announced as the winner of the best exterior design in the 50-80ft yachts category at the highly coveted World Yachts Trophies, the annual "Oscars" of the yachting industry, held during Cannes Yachting Festival.

In December 2017, Fairline Yachts announced it had taken possession of a five-acre (20,000 sq metre) waterside location in Hythe near Southampton. It expected to launch the new facility and begin boat building on the south coast in late summer 2018. Boats over 60ft will be built at the new site in Hythe with testing, commissioning and customer handover also taking place there. Located on Southampton Water, the facility has large vessel deep water berths and over 200,000 sq feet (18,000 sq metres) of undercover manufacturing space. It was expected that the new facility would initially create up to 200 jobs in the Southampton area.[2]

In September 2018, the company launched the Targa 43 Open, which was awarded "Best Exterior Design" at the World Yacht Trophies.[7] In 2019, Targa 43 Open was a winner in the Motor Boats Awards in the category "Sportscruiser up to 45ft".[8]

Range

Fairline Yachts' range includes the following models:

Squadron – spacious flybridge motoryachts, from 48 feet (15 metres) to 68 ft (21 m)[9]
Targa – modern express cruisers, from 43 ft (13 m) to 65 ft (20 m), Targa boats are either GT (Gran Turismo) models or OPEN models.[10]
F-Line – announced in September 2017, the 33 feet (10 metres) express cruiser ‘F-Line’ series, available from summer 2019.[11]
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References
  1. "FAIRLINE YACHTS LIMITED - Overview". Companies House. Retrieved 14 January 2018.
  2. "New Hythe yacht factory 'will create 200 jobs'". BBC News. 1 December 2017. Retrieved 4 January 2018.
  3. Rob Davies (1 January 1970). "Fairline Boats former staff 'queuing at gates' to work after Russian takeover". The Guardian. Retrieved 27 January 2016.
  4. "First boat built by newly formed Oundle boatbuilder rolls off the production line". Northamptonshire Telegraph. 4 March 2016. Retrieved 4 January 2018.
  5. "Fairline has a 'good bunch of guys' at the factory". BBC News. 5 May 2016. Retrieved 4 January 2018.
  6. Chris Jefferies (26 May 2016). "Vripack and Alberto Mancini to style new Fairline Yachts range". Boat. Retrieved 24 June 2020.
  7. Stef Bottinelli (17 September 2018). "Cannes Boat Show 2018: Newly launched Fairline Yachts' Targa 43 OPEN wins at World Yachts Trophies 2018". Yachting and Boating World. Retrieved 24 June 2020.
  8. "Winners of the 2019 Motor Boat Awards revealed". Motor Boat & Yachting. 8 May 2019. Retrieved 24 June 2020.
  9. Squadron, Fairline website
  10. Targa, Fairline website
  11. F-Line, Fairline website
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