Editing SR.N4 (section)

==Surviving examples==
[[File:SRN4 Hovercraft The Princess Margaret.jpg|thumb|''Princess Margaret'' at the [[Hovercraft Museum]] in May 2008]]

The two remaining Mk.III examples of the craft (GH-2006 ''Princess Margaret'' and GH-2007 ''Princess Anne'') were bought by [[Wensley Haydon-Baillie]] for £500,000 and were stored at [[Lee-on-Solent]], next to the [[Hovercraft Museum]]. Haydon-Baillie is the owner of the super yacht ''Brave Challenger'' which uses the same Rolls-Royce Proteus Marine engines as the SR.N4s. The purchase included seven years worth of spares including engines.

As of winter 2015 all engines and APUs had been removed from the craft. The SR.N4s were put up for sale and Hover Transit Services of [[Bolton, Ontario]], proposed putting the hovercraft back in operation (following a {{USD|10 million}} purchase and refurbishment) on [[Lake Ontario]] with service between [[Rochester, New York]], and [[Toronto|Toronto, Ontario]].<ref>{{cite news |url=http://www.citytv.com/toronto/citynews/life/money/article/22191--can-fast-hovercraft-service-between-u-s-and-toronto-stay-afloat|title=Can Fast Hovercraft Service Between U.S. And Toronto Stay Afloat?|work=CityNews|date=9 April 2008|accessdate=10 September 2010}}</ref> The plan did not come to fruition, with government officials concluding that the organisation lacked the experience necessary to be viable.<ref>{{cite news |url=https://www.thestar.com/news/gta/2008/07/15/has_fast_ferry_ideas_time_passed.html |title=Has fast ferry idea's time passed? |work=Toronto Star |date=15 July 2008 |accessdate=29 March 2013}}</ref>

The land on which the Hovercraft Museum stands is owned by the [[Homes and Communities Agency]]. The proposed redevelopment of the site has led to the two craft being threatened with scrapping, but a petition was launched with the aim of preserving one of the craft,<ref>{{cite news|url= https://www.bbc.co.uk/news/uk-england-hampshire-35449474 |title= Petition to save last cross-Channel hovercraft |work= [[BBC News]]| date= 30 January 2016 |accessdate= 4 February 2016}}</ref> which led into a 3-year lease of the hovercraft to the museum in August 2016 with the intention of subsequently permanently handing over the hovercraft to the museum, The ''Princess Anne'' was the craft chosen to be kept and will be restored in a former Seaspeed livery.<ref name="BBC_15Aug2016">{{cite news | url=https://www.bbc.co.uk/news/uk-england-hampshire-37082509 | title=Cross-Channel hovercraft Princess Anne 'to open to public' | work=BBC News | date=15 August 2016}}</ref>

In March 2018, GH-2006 ''Princess Margaret'' was broken up at Lee-on-Solent by her last owners, Homes England. GH-2007 The ''Princess Anne'' remains on site leased to the Hovercraft Museum.<ref>{{cite web |url = https://www.bbc.co.uk/news/uk-england-hampshire-44236076 |title = Cross-Channel hovercraft Princess Margaret scrapped |publisher = BBC News |date = 24 May 2018}}</ref>