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New Zealand Yachts In Receivership
Filed under: Yachts & Sailing
Hard times continue to hit the yacht industry. New Zealand Yachts located in Whangarei, New Zealand recently went into receivership. The yacht company came to Whangarei in 2001 and promised to create 1000 jobs. The company did a lot of refits on existing yachts but hadn't ramped up into much production of new yachts. The New Zealand Yachts website includes renderings of many planned yachts including the Wavepiercer shown above.
New Zealand businessman Allen Jones, who had built a large car-washing business in the United States, founded the company, but later returned to the US. HIs son, Damon Jones, was the company's marketing and sales manager. The receiver said the company still operates a first-class refit yard and has the potential to attract yacht work from around the world.
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