In another first for the local boating industry, Boating World SA has taken possession of its latest piece of ocean eye-candy – an Azimut Fly 60. The long-awaited motor yacht made splashdown in local waters earlier this year, much to the delight of stalwart broker Derrick Levy who retains one of four shares via the boat’s fractional ownership scheme – the other three shares were sold last year already.
It means one share is theoretically still up for grabs, although Levy may have to be persuaded to let go judging by the look in his eyes. “It’s not often that a yacht of this calibre graces our coastline,” Levy told IBI last month. “Being a 2023 model means it’s kitted with the latest performance advancements.”
Levy says the fractional ownership model is gaining traction, and the Company plans a similar scheme offshore. The Azimut Fly 60 is the third fractional ownership deal following similar ventures with a Fairline Yachts Targa 48 and Squadron 53 Flybridge. “This is our third fractional ownership import—all brand new yachts, custom built to the owners’ requirements,” Levy told IBI.
Levy favours smaller fractional ownership options that typically consist of just a handful of shares, thereby ensuring co-owners have more flexibility when planning an outing. He says the advantage of new boat schemes is the ability to choose custom options.