West Bay did not go bankrupt in 2005.Just to stay true, the bankruptcy was 2005 with an easy internet search. Financial crisis was 2008.
Have you approached any lodges about a bulk purchase/lease?
In 2005 most our customers were American and played the dollar advantage. After the Canadian dollar rose sharply it bit hard. Also had some internal management changes, but the shipyard continued full production through 2007 with new SonShip builds still being completed and delivered. Even building some spec boats in 2008
The actual restructuring people refer to happened in 2009, after the 2008 financial crash, when the luxury yacht market collapsed. At that point the yard reduced production and shifted towards refit, service and custom work, but the company and brand never ceased operations.
2005 = dollar increase / management restructure
2009 = financial/market-driven restructure
Two totally different events that get mixed together online.
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