Boat builder unveils new £650,000 cruiser

Fairline's new Targa 53GT at the Southampton Boat Show. Picture David Lowndes.
Fairline's new Targa 53GT at the Southampton Boat Show. Picture David Lowndes.
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Oundle-based boat manufacturer Fairline has unveiled its new £650,000 Targa motor cruiser at the Southampton Boat Show.

Fairline, unveiled its new Targa 53GT express cruiser at the show yesterday (Friday, September 11).

Fairline's new Targa 53GT at the Southampton Boat Show. Picture David Lowndes.

Fairline's new Targa 53GT at the Southampton Boat Show. Picture David Lowndes.

The Oundle-based motoryacht builder says the Targa 53GT will be hand built to order and reported there had been encouraging early sales for the new model.

Recently appointed Fairline chief executive Kevin Dady said: “We’re delivering a true ‘no compromise’ solution to what is essentially a very personal, luxury purchase and with the Targa 53GT our customers will be satisfied with every aspect of their personally designed, hand-crafted boat by British craftsmen.”

The new Targa is one of a series of new models planned by the boat builder following a difficult time during the financial downturn.

The firm’s current buoyancy is in contrast to a couple of years ago when it was forced to make a series of redundancies.

Fairline Boats, which was started by Jack Newington in 1963, reached its peak as an £150 million firm in 2008, but shortly after announced 500 job losses as the credit crunch hit.

Design Director at Fairline, Andrew Pope, said: “The Targa 53GT represents a dramatic step forward in motorboat design, using the Fairline design DNA to create a model that perfectly blends form and function. The use of smart design principles throughout the boat eliminates the owner’s need to compromise. We want our customers to regret nothing and when choosing the Targa 53GT, the owner will receive unrivalled flexibility in layout and complete confidence in its construction and features.”

Prices of the new Targa model start from £649,000 excluding VAT, with the two Volvo Penta D11-675 EVC engine option.