Fairline Yachts debuts first boat under new ownership

The first boat built by the newly formed Fairline Yachts recently rolled off the production line.
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Fairline Yachts’ Targa 48 GT has an electric hardtop and is powered by Volvo Penta IPS engines.

Fairline Yachts’ Targa 48 GT has an electric hardtop and is powered by Volvo Penta IPS engines.

The first boat built by the newly formed Fairline Yachts recently rolled off the production line.

The Targa 48 GT was bought through Fairline’s London-based dealership, Bates Wharf.

Fairline Yachts, formed less than six weeks ago after unspecified U.K.-based Russian investors bought the company, said it has ensured continuity of production to guarantee it completes all orders for boats received from the previous owners.

“We are delighted that today has seen the first boat to roll off our production line since our purchase of Fairline Boats from administration at the end of January,” Fairline Yachts managing director Russell Currie in a statement. “We have been focusing on completing existing orders to ensure no customer of Fairline Yachts from anywhere in the world loses confidence in our ability to provide them with their new boat.”

“As a result, we have experienced a surge in orders from our dealer network, for both stock and retail sold boats for this year and next,” Currie said. “With a healthy forward order book, some outstanding future product designs, a skilled and passionate work force, a committed dealer network and a loyal customer following, Fairline Yachts is absolutely on its way to getting back where it belongs.”

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