In 2001 a diver called Bill Smith led a salvage team which found Bluebird on the bottom of Coniston Water, and later lifted the wreck back to dry land. The wreck was taken apart carefully to keep it from rusting and is now being put back together again. There was a lot of damage caused in the crash but it can all be repaired. Bill Smith also got a new engine for Bluebird and hopes to return the boat to full working order.