Bavaria Yachts orders will be built and delivered

The Bavaria C65 is the flagship of the Bavaria range The Bavaria C65 is the flagship of the Bavaria range
Industry Database

Wages and salaries at Bavaria Yachts are secured until June 2018 the boat builder has confirmed.

The company has confirmed its application for provisional self-administration through the district court of Würzburg, Germany, has been granted. Restructuring expert, Dr Tobias Brinkmann who has experience of reorganising shipyards, will join the executive management. The previous CEO, Lutz Henkel, has left the executive management.

Dr Hubert Ampferl from law firm Dr Beck & Partner has been appointed interim administrator. 

Existing orders will be built and delivered with the boatyard’s operations continuing ‘seamlessly over the next few months’ said a company statement.

Order backlog

“The delivery season is currently in full swing, so that it will be possible to process a large order backlog over the coming months,” the statement continued.

The company has confirmed its top priority is to find a new investor to put operations back on a sound financial footing and the first operational restructuring steps have already been implemented.

“In the current situation, we will continue to provide our customers with the customary high quality,” added Erik Appel, COO. “We have many years of experience building high-quality yachts and are industry leaders in technology in many areas.”

The boatbuilder was founded in 1978 and currently has around 600 employees whose wages and salaries will be paid by insolvency compensation until the end of June 2018.

In 2017 a new range was launched, intended to help revitalise the company’s fortunes. The flagship, the C65 was launched in January 2018.

The petition for insolvency refers just to Bavaria Yachtbau GmbH. The French subsidiary Bavaria Catamarans SAS based in Rochefort will continue to operate as normal.

Latest Press Releases

FUSION® SHIFTS AUDIO ENTERTAINMENT PARADIGM WITH THE REVOLUTIONARY APOLLO SERIES

Leading Audio Manufacturer Unveils Groundbreaking RA770 and SRX400 Audio Entertainment Systems Read more

FUSION® LAUNCHES PANEL-STEREO – AN ALL-IN-ONE ENTERTAINMENT SOLUTION

Leading Audio Manufacturer Announces Powerful Plug and Play Solution with Bluetooth Streaming Read more

Experts Highlight Viable Power and Propulsion Solutions for Next Generation Vessels

Lithium-ion battery expert Dr John Warner is presenting at the NEXT GENERATION Marine Power & Propul... Read more

SailForce Announce Their Upcoming 2018 Regional Trade Events

Hosting four regional trade shows over seven days and covering nearly 1,400 miles is not for the fei... Read more

SMG launches Meet The Manufacturers Event

SMG are delighted to be launching SMG Meet The Manufacturers 2018. This Trade Only event for the Mar... Read more

Mercator Media upgrades magazines and conferences brands

February 2018 Fareham UK - Mercator Media Ltd, the international, market-leading B2B marine media bu... Read more

View all