BUSINESS REPORT | SPAIN: Astondoa rescues faeton from insolvency

By Belinda Snell and Bob Greenwood2008-12-01T13:00:00

One of the earliest indications that the economic downturn in Spain was having an impact on some of the major players within the Spanish leisure marine sector was the shock announcement earlier this year that Faeton, one of the country’s leading motoryacht producers with an annual turnover of around 119m, ...

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