Perini Navi Declared Bankrupt

Author:
Publish date:
Perini Navi built the 289-foot Maltese Falcon at its Istanbul yard.

Perini Navi built the 289-foot Maltese Falcon at its Istanbul yard.

Perini Navi, the Italy-based superyacht builder owned by the Tabacchi family, has had its debt structuring plan rejected by an Italian court.

According to published reports, including the newspaper Milano Finanza, a court in Lucca not only denied the restructuring, but also won’t allow Perini Navi additional time to determine ways to remain operational.

The option now is to proceed with a bankruptcy auction, which would take place in June. According to reports, the Ferretti Group and Sanlorenzo are potential candidacies for an acquisition.

Last year, it was reported that Sanlorenzo was poised to take a 70 percent controlling stake in Perini Navi after a debt restructuring.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.