Royal Caribbean subsidary Pullmantur Cruises to be reorganized

In:
22Jun2020
By: 
Matt Hochberg

Pullamntur Cruises, which Royal Caribbean Cruises Ltd owns 49% of, has filed for reorganization on Monday due to the impact of being shutdown during the current pandemic.

Pullmantur's board of directors make the decision following the "unprecedented impact" made the decision necessary.

In addition, Pullmantur has cancelled all of its cruises through November 15, 2020. One option that will be offered to guests booked on affected sailings is the option to sail on other RCL brands including Royal Caribbean International and Celebrity Cruises.

The reorganization has been filed under the terms of Spanish insolvency laws.

Two former Royal Caribbean ships sail in Pullmantur's fleet, Monarch of the Seas and Sovereign of the Seas. Pullmantur indicated that all three of its cruise ships are staffed at minimum maintenance levels, and it will ensure the crew's safe return home.

In October 2019, Royal Caribbean announced Grandeur of the Seas would be transferred to Pullmantur. It is unclear if that plan will change due to this announcement.