Hylas Yacht Owners Association Forum

Open Discussion => Hylas Discussion => Topic started by: Ambition on October 08, 2018, 08:46:49 PM

Title: Hylas 56 being sold as an Outbound 56
Post by: Ambition on October 08, 2018, 08:46:49 PM
I am a little confused and anxious to understand how a Hylas 56 is being sold as an Outbound 56 - https://outboundyachts.com/outbound56/.
Does anyone have the back office story on this change?
Merrill
S/V Ambition H46 #40
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: jay on October 08, 2018, 11:14:31 PM
I do understand, in the last +- five years the 56 was their best seller (what I heard anyway). Also, I heard a rumor that Kyle now has the 56 mold. That being said, QL still has the 56 on their web site.  One would think that QL would explain, especially for us that own a 56, and everyone that has or thinking of committing to purchase one.  I showed another couple my boat that is interested, but my response was, to wait and see what is going on. Thanks for your question Merrill. Some clarity by QL, would be nice.
Jay Hy56 #12
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: David Comroe on October 12, 2018, 05:01:33 PM
I am unfortunately involved in this as I am a secured creditor to Hylas Yachts, Inc (HYI).  My understanding, and as shown in the court papers filed, in order to resolve issues between HYI and QL a settlement was reached in July, 2018 giving the 56 mold to HYI and the rest of the molds to QL.  HYI was given the right to market that boat and to use pictures of other 56's as long as it was noted that the boat pictured was made by another manufacturer (QL).  HYI filed Chapter 11 Bankruptcy in September, 2018 in Maryland bankruptcy court.  HYI wants to sell the 56 sailboat mold together with a 56 powerboat mold ( which I am involved in) to a group of investors named OIG, LLC.  The Debtor is attempting to obtain bankruptcy court  approval, after the fact, of the settlement.  Apparently, HYI is treating the agreement as a given (which it is not, without Court approval)., and both molds are already in the possession of Outbound Yachts in China.  Outbound has, I think, jumped the gun in its advertisement.  Kyle Jackney is working as a Broker for Outbound.  What a surprise.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on October 12, 2018, 06:36:50 PM
David,

Sorry for your plight!  I  reviewed the court papers after seeing your post, and you are correct. (I practice in the court)  Hylas (Jackney) and QL co-owned the molds for the 56, 63 and 70 according to the court papers.  The total value of the 3 molds is stated to be $80,000.  There was nasty litigation between the parties pending in Boston prior to the bankruptcy filing.  This will resolve all claims, but it has not been approved yet.  Creditors can object if they wish.  The judge assigned to the case is very thorough and will nit-pick the details.

Joel
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on October 31, 2018, 08:18:23 PM
An update:  Jackney has withdrawn his motion to approve the settlement.  His testimony made it unclear if the mold was sold before the bankruptcy (even though he owned 1/2 of it).  Also, the Maryland address he used was that of a friend.  The case may be transferred to Massachusetts or dismissed.  No idea what will happen to the mold.
Joel
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Tribute on November 01, 2018, 05:56:33 PM
I heard at the Annapolis boat show that Outbound took at least one order for a 56. They must be pretty sure of the situation to do that.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on November 01, 2018, 08:33:45 PM
Interesting!
Hylas still lists the 56 on its website.  Wonder if they made a few hulls before turning over the mold.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Amante on November 04, 2018, 03:57:41 PM
Thanks for posting this. We all want to know what is going on with our brand. Or we should.

Vanessa
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Che Figata on December 16, 2018, 04:51:13 PM
Many of us are caught up being "creditors" to HYI because of Kyle Jackney.  Amazing that Outbound would pick him up.  Can only be due to the hull molds.  I certainly hope that the bankruptcy proceedings prevent Kyle from proceeding with Outbound and he never works in this industry again.  The Chapter 11 was converted to a Chapter 7 this past week.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on December 18, 2018, 06:45:17 PM
Interesting that the case was converted!  I guess Jackney did not want to pursue the claims against QL.
The case will likely be transferred to Massachusetts.    If the case is transferred, a trustee from Massachusetts will be appointed.

Joel
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: jay on May 10, 2019, 02:10:44 PM
Just wondered if anyone here has any new updates on the 56? I heard that Outbound may or may not be producing this?  I had someone call, and wondered what the current status with it is, as they were considering purchasing a 56, either used or new.  I mentioned the 57, that Hylas is currently producing, but they didn't seem that interested in it, so for now, I advised used.
thanks
jay HY 56 #12
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on May 10, 2019, 02:21:56 PM
The bankruptcy case was transferred to Massachusetts, but very little has happened in the case.

If I were Outbound I would not touch the mold until the dust settles, as it is possible that the trustee will dispute the ownership or value of it.  I wonder if Dick's son is still there.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Amante on May 10, 2019, 03:04:48 PM
Kyle claimed he was going to call me but that was two months ago. I'll try again!
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Toberle on May 12, 2019, 03:35:24 PM
It will be interesting to see if Outbound actually builds the 56.  Careful where the deposit goes if one were to take the plunge.  I am not an attorney but having endured Kyles program leads me to think escrow with a good attorney is a necessity.  Scratching my head wondering how/if Kyle can keep the mold with so many creditors after him.  They say the 1st 57 will be in Fl in a couple months with more behind it.  David (Peggy’s new hubby) just sold his 54 and is very excited about moving into a 57.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: David Walters Yachts on June 26, 2019, 01:43:23 AM
Interesting. It would appear that Outbound is no longer promoting the 56 on their website so far as I’ve seen? That seems to have been a very short lived venture.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: brian black on June 28, 2019, 07:16:16 PM
Is the Outbound also made by Queen  Long?
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on July 01, 2019, 07:23:52 PM
no, Outbound was acquiring the mold.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Tribute on July 01, 2019, 09:50:09 PM
Outbound has one 56 under construction. I have see the pictures...
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on July 24, 2019, 01:57:46 PM
It's BAAACK!  Outbound is showing a Hylas 56 again on its website.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Virginia Voyager on October 19, 2019, 03:25:24 PM
Went aboard the Outbound 56 at Annapolis Boat Show. Outbound now owns the molds from the Hylas 56 and are remaking it as the Outbound 56.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Sailsteady on October 20, 2019, 11:11:09 AM
Went aboard the Outbound 56 as well in Annapolis.  Nice boat.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on October 21, 2019, 02:20:34 PM
Went aboard as well.  Met Dick's son.  I did not look at build quality, but it looked nice.  I wonder how it stacks up against the new Hylas 57 and 60.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: BillC on October 27, 2019, 07:13:54 PM
Many of us are caught up being "creditors" to HYI because of Kyle Jackney.  Amazing that Outbound would pick him up.  Can only be due to the hull molds.  I certainly hope that the bankruptcy proceedings prevent Kyle from proceeding with Outbound and he never works in this industry again.  The Chapter 11 was converted to a Chapter 7 this past week.

Sorry, I do not understand your comment. What is your issue with Kyle Jachney? And how would the bankruptcy proceedings prevent him from trying to move on and earn a living with someone else in this industry? I'm curious, what facts are you asserting here that the rest of us may not be aware of that causes you to have such a negative opinion?
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: BillC on October 27, 2019, 07:58:26 PM
Went aboard as well.  Met Dick's son.  I did not look at build quality, but it looked nice.  I wonder how it stacks up against the new Hylas 57 and 60.

I too went aboard the Outbound 56 at the Annapolis boat show. I believe that this is either the 2nd or 3rd new boat to be sold as an Outbound 56. Does anyone know? I spent considerable time looking at the boat - almost wore out my welcome. ;-)

 I also spent a lot of time speaking with Kyle about the Outbound 56 and have learned some of the backstory of the move from Queen Long to Hansheng yacht builders in Xiamen City, China. I'm told that Outbound builds all of its boat there, as well as Passport Yachts, and a few other brands too.

My impression based upon the Outbound 56 at the show, is that the new 56 is nearly identical to the Hylas 56. I was told that the 56 molds have moved to Outbound. From what I was able to discern, is that the new Outbound 56 continues the same formula of a serious blue water cruiser – conservative, strong and built to be sailed and not hang out at dockside.

I spent time on the Hylas 48 and the Hylas 70 at the boat show. Both are very nice boats! However, when I pressed the sale representatives, they said that they have yet to deliver any new 57's and were vague about orders. I also heard that they have not sold any new 48's or 70's in more than a year. Does anyone have better information? There are always two sides to every story.

Outbound was also showing an aspirational 60 foot new design that they hope to launch in the next 2 years.

I am leaning towards spec'ing out a new Outbound 56 and am currently learning as much as I can and looking at all of the options available for a rugged semi-custom boat. Any advice?

Just out of curiosity, how many Hylas 56 boats are out there.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: joel on October 27, 2019, 10:48:58 PM
I was told they are booked through 2020 with 48 and 60s on order.

Joel
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: BillC on October 28, 2019, 04:07:09 AM
I was told they are booked through 2020 with 48 and 60s on order.

Joel

Hmm... I was led to believe that the 48 at the show was the same boat that they showed last year and that it is for sale. You may be right about the 60, but I do not think that they have delivered any so far. The rest of the conversation that I overheard was about the the lack of orders for the 57. Perhaps that changed by the end of the show.

Bill
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Crafty on October 28, 2019, 11:10:32 PM
Hmm seems like you might be a victim of “fake news”  :-\ As an insider, I can tell you that Hylas yachts production schedule is full through 2021. Hylas has sold several new 57’s. I know...I bought one! The Hylas H60 Hull#1 is on the way to the US as we speak. Another H48 was closed at the Annapolis show as well as an H46. A very special version of the legendary H49 was closed this summer as well as the new M44 Down East style Power yacht which is what I will probably buy sometime down the road. Its simply magnificent.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: BillC on October 28, 2019, 11:26:03 PM
Hmm seems like you might be a victim of “fake news”  :-\ As an insider, I can tell you that Hylas yachts production schedule is full through 2021. Hylas has sold several new 57’s. I know...I bought one! The Hylas H60 Hull#1 is on the way to the US as we speak. Another H48 was closed at the Annapolis show as well as an H46. A very special version of the legendary H49 was closed this summer as well as the new M44 Down East style Power yacht which is what I will probably buy sometime down the road. Its simply magnificent.

Well, this all sounds like great news! Do you when the first 57 will be delivered and where?
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Crafty on October 29, 2019, 01:00:14 PM
H57 Hull# 1 ships in April. The new H60 is shipping now and will be at the Miami boat show in February . You can always set up a test sail with Hylas on any of the new or traditional models. They will be happy to arrange that for you.
Title: Re: Hylas 56 being sold as an Outbound 56
Post by: Hylas Yachts on October 30, 2019, 02:07:40 PM
Hello Hylas Owners & Friends – Thank you everyone for making the Hylas community all that it is. The Owner’s Forum is a great resource for owners and interested individuals and we love the fact that such a community has developed around the brand. We always strive to make Hylas just as much about the people as we the boats. There’s a lot of questions about what’s on the horizon and the latest news from Hylas Yachts. To help keep everyone updated we invite you to register for our newsletter, the November newsletter will be coming out soon! Of course anyone who has a question about Hylas Yachts is always welcome to speak to our team, please feel welcome to call 561-515-6027 and we’ll be happy to chat. Thank you, Peggy Huang