SailTime expands to Australia, New Zealand

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SailTime Group, a leader in fractional boating with more than 50 bases in North America, Europe and the Caribbean, is opening new bases in Australia and New Zealand.

The first SailTime base will be opened in July by Australasian managing director, Graham Raspass, in Pittwater, about 18 nautical miles north of Sydney Harbor in Australia.

SailTime anticipates additional expansion in 2009, including several bases opening in Europe and North America.

Founded in 2001, and similar to the concept of airplane sharing, the SailTime program enables shared use of a sailboat owned by one individual with seven other non-equity members.

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