Stylish: A Phantom 65 yacht under construction at Fairline’s factory in Northamptonshire
CEO: Investment in new products underpins company’s future growth
Luxury motor yacht manufacturer Fairline, planning two world debuts at this year’s Cannes Yachting Festival, is looking forward to an ‘exciting’ future.
The Oundle-based manufacturer is unveiling the all-new Phantom 65 and Squadron 68 at the prestigious showcase in early September, a year since Fairline Yachts was acquired by Hanover Investors.
Paul Grys, Fairline Yachts’ chief executive, said: “We are delighted to be making two world debuts at this year’s Cannes Yachting Festival. Having taken on board feedback from customers to further improve the Squadron 68, we are confident buyers will fall in love with it as much as we have.
“New and exciting products breed growth in this market and the response we have received for our latest models is incredible. The investment made in new products underpins our future growth and we have got an exciting period ahead of us.”
Mr Grys joined the company in November 2021 after nearly 20 years at JCB and Derek Carter, who was chief executive of Fairline Yachts for 15 years to 2011, returned to take on the chairman’s role in early 2022.
At the time of his appointment, Paul Grys said: “The pandemic has led to a surge in demand in the luxury yacht market and Fairline is in a great position to benefit from this. With our heritage, our passionate workforce and exciting product range, we will create a strategy to seize a greater share of this market globally.”
The company’s plans include the recent recruitment of apprentices to join the team at the manufacturing operation in Oundle, where it has been based since the 1960s. Since then, the company has earned a worldwide recognition and a global network of more than 50 dealers.
Mr Grys said: “This is an incredibly exciting time to join Fairline as we launch new products and continue production of our existing popular ranges to meet demand across.