Saga has confirmed its wanting into potential partnerships for its ocean cruises enterprise primarily based on studies in British media.
“We’re how we are able to supply extra cruises to extra visitors sooner or later,” Saga Cruises CEO Nigel Blanks mentioned in a press release shared on social media.
“This comes on the again of remarkable demand for our boutique ocean cruise supply,” he continued noting that the Spirit of Discovery and the Spirit of Journey are working “near capability.”
“With this in thoughts, we now have been wanting into the opportunity of getting into a partnership association for our ocean cruise enterprise as one of the best ways to assist additional progress,” Blanks mentioned.
The transfer would additionally create worth for the corporate’s shareholders, he famous, declaring to Saga’s “distinctive enterprise, with a robust model and dedicated crew.”
“We’re nonetheless within the early phases of the method of exploring alternatives,” Blanks mentioned, noting that transactions of this nature “normally take months somewhat than days or perhaps weeks.”
Earlier this month, Sky Information reported that Saga was wanting into a variety of potential choices for its cruise operations, which included promoting a stake within the enterprise.
In keeping with Sky Information, the debt-challenged tour operator was working with advisers and in addition thought of promoting its two cruise vessels or offloading the complete enterprise beneath a licensing association.
After initially getting into the cruise enterprise with second-hand vessels, Saga Cruises took supply of two new cruise ships in 2019 and 2020.
Crusing from totally different ports in the UK on a year-round foundation, the Spirit of Discovery and the Spirit of Journey have been constructed by the Meyer Werft shipyard in Germany.
Designed to supply a boutique cruise expertise, the 55,000-ton sister ships can accommodate as much as 999 visitors in double occupancy.
