At 0600 hours on the morning of 25th August m/y Lady MM with Cayman Islands registry flag sent a distress call for assistance due to an onboard fire. The distress call was picked by the Olbia Sardinia coast guard, with Lady MM reported location at fifty nautical miles to the East of Cape Comino. The coast guard dispatched two fast Sar assistance boats, along a search and rescue helicopter departing Cagliari base. At around 1100 hours the coast guard received information that the seventeen persons onboard Lady MM, eight guests and nine crew personnel have abandoned the fire engulfed super yacht with the tender, and have been escorted at the Siniscula harbour. Lady MM was coming from the island of Capri heading Porto Cervo to the Sardinia Costa Smeralda World famous coast line. Unfortunately Lady MM sank around 1730 hours.
M/y Lady MM is an ISA Yachts 470 build 2003 with a steel hull and aluminium super structure to an exterior design of Walter Franchini with interiors by Janet Leroy. ISA build eight of the semi-custom 470 series in between 2003 to 2008. Lady MM which launched as April Fool entered ISA Yachts into super yacht building in 2003, with the yacht last refitted in 2013. Lady MM was involved in a small fire while berthed in Naples in 2013.
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