The future of the well known British luxury yacht builder, Fairline, has been secured, thanks to a deal that sees the assets of Fairline Boats bought out of administration. To be operated from its manufacturing facilities in Oundle, Northamptonshire, the newly formed company, Fairline Yachts, is funded by two UK-based Russian investors, both passionate boat owners.
In order to safeguard close customer and boat dealer relations under the new ownership structure, Russell Currie has been appointed as Managing Director to lead the new business. With nearly 30 years directly 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. Prior to his role at Fairline North Mallorca, Russell was Engineering Director at Sunseeker International’s factory team based at Mallorca, and was Chief Test Engineer at Princess Yachts International before that.
Russell commented: “I am delighted to have been appointed Managing Director for Fairline Yachts. With the resources of the investors, coupled with the expert knowledge of the management team and our energy and passion for the brand, the structure is in place for a great future for Fairline Yachts. We will focus on creating high quality luxury motor yachts that boaters will want to own and dealers will want to sell.
As a sign of our commitment to Fairline Yachts’ loyal customer base and dealer network, we will be completing all orders for boats received by Fairline Boats, including those that have not yet started being built as well as those that are already in production.”
More charter yachts built by Fairline.