Following a report on June 28 that alleged “Crystal Cruises seemingly has place its river fleet up for sale,” the river cruise line place out a assertion “emphatically” denying the statements.
The unique report famous the details arrived from an email from a Florida ship broker that was sent to other European river traces. It had stated that the 5 river ships crafted by Crystal in between 2016 and 2018 are presently “investing on the Rhine” and can “be produced for sale.” The electronic mail, in accordance to the report, also claimed that “the homeowners are incredibly major sellers.”
The ships reportedly for sale had been Crystal Mozart, Crystal Debussy, Crystal Mahler, Crystal Ravel and Crystal Bach.
In a assertion on Thursday, Crystal River Cruises SVP and handling director Walter Littlejohn mentioned, “We emphatically deny the accuracy of an electronic mail sent to our opponents by a Florida ship broker, with whom we have no contractual romantic relationship and to whom our legal workforce has issued an immediate stop and desist letter.”
In August 2020, according to our sister publication Travel Agent, Genting Hong Kong, the parent firm of Crystal Cruises, submitted a money doc with the Stock Exchange of Hong Kong Confined, describing that it’s briefly suspending all payments to the group’s money creditors to maintain liquidity. The company at the time mentioned that it was reserving its remaining obtainable hard cash “to preserve significant products and services” for its operations. “The COVID-19 pandemic has experienced and will continue to have a content affect on the economical placement and benefits of procedure of the Team,” Genting’s filing mentioned.
In a assertion supplied to us at the time, Crystal explained, “It is critical to realize that the enterprise is not heading out of enterprise. Whatever possibility our guardian business pursues, it will enable Crystal to work its business enterprise.”
This 7 days, even so, GGR Asia claimed (the working day following the initial declare with regards to the likely sale of Crystal’s river fleet) that Genting Hong Kong experienced concluded a sequence of promotions with its worldwide lenders aiming “to offer additional cash and security to the group.” The business said the offers bundled accessibility to new bank loan amenities amounting to about $700 million, an modification and extension of its existing fiscal indebtedness, and provision of “backstop funding” preparations to address foreseeable future liquidity demands.
In his statement, Littlejohn noted that the five-ship fleet sailed at about 97 per cent occupancy in 2019 and, hunting ahead, “bookings are up properly in extra of 50 %, selling at our complete highest pricing at any time, with a 28 % potential improve.”
“We would like to assure our valued friends, travel advisors and staff customers that Crystal is steadfastly focused on pivoting absent from the travails of the pandemic as we prepare to slowly resume service this 12 months on August 29 with Crystal Ravel on the Danube and August 30 with Crystal Debussy on the Rhine, both of those of which are very greatly booked,” Littlejohn stated. “This resumption follows the restart of our ocean company with the future July 3 sailing of Crystal Serenity from Nassau, Bahamas and the July 17 maiden voyage of the model-new expedition ship Crystal Endeavor, just christened in Germany previous weekend, from Reykjavik, Iceland. Soon the business will announce a revised restart of the Crystal Symphony with voyages commencing late summertime.”
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