The first model completed under Fairline Yachts’ new Russian ownership rolled out of the Oundle factory this week

Fairline Yachts is celebrating after the first model to be completed under its new owners rolled off the Oundle production line today.

The British yard was bought out of administration by UK-based Russian investors Alexander Volvo and Igor Glyanenko on January 25.

And just over six weeks later, the new company has resumed production and completed the first of the handful of models left unfinished by previous owners Wessex Bristol when Fairline Boats was placed into administration in December.

The model in question is a Fairline Targa 48GT (pictured above) as sold by Fairline’s primary brokerage firm Bates Wharf.

Russell Currie, managing director at Fairline Yachts, said of the impending launch: “This is a significant occasion and one we want to celebrate. We are delivering on our promise to complete all orders for boats received by the previous owners.”

Upcoming boat show appearances for Fairline Yachts include the London On-Water Boat Show and the British Motor Yacht Show at Swanwick Marina.

To read more about the appointment of Russell Currie and Fairline’s fresh start under its new owners, pick up the April edition of Motor Boat & Yachting, which is out on Thursday (March 3).