Pullmantur Cruises denies company's liquidation

   February 22, 2021 ,   Cruise Industry

Pullmantur Cruises announced it was currently holding meetings with potential investors for financing of the company's business plan. Pullmantur also denies media speculations about the company's liquidation within one year.

According to Pullmantur, the Insolvency Administration of Pullmantur Cruceros, Data Insolvency had already submitted the provisional reports communicating the assets and liabilities of the bankruptcy.

On the other hand, Pullmantur informs that its Employment Regulation File was being processed and its business plan finalized.

Pullmantur confirms that the appropriate steps were already being taken to expedite the return to customers and travel agencies.

Data Concursal managed in November 2020 to get Pullmantur Group to reach a cooperation agreement with RCG-Royal Caribbean Group (Pullmantur's shareholder) in order to guarantee the company's viability.

In June 2020, Cruises Investment Holding and Royal Caribbean filed for bankruptcy for their joint venture Pullmantur Cruceros before the Spanish authorities. 

Pullmantur's board of directors (51% owned by Cruises Investment Holding and 49% by RCG) made the decision as "the winds caused by the pandemic" were too strong for Pullmantur to get through without a reorganization.