Pullmantur Cruises, which is partially owned by the Royal Caribbean Group, might be able to survive filing bankruptcy and selling off its fleet of cruise ships in order to return next year.
Europapress reports Pullmantur has reached an agreement with the Royal Caribbean Group to allocate the necessary funds so that it could restart operations eventually.
In fact, restart plans could involve acquiring two Celebrity Cruises Millennium Class cruise ships as part of the plan. The ships would provide significantly more balcony staterooms than Pullmantur's old fleet had.
The financial filings did not disclose which of the Millennium class ships might be headed to Pullmantur.
The business plan filed in Spanish bankruptcy court includes offering Future Cruise Credits for guests that were booked on Pullmantur to be used on either Royal Caribbean International or Celebrity Cruises. Refunds would also be made available if the customer prefers.
"We believe in the possibilities of a shipping company of the stature of Pullmantur and we are working intensively on the business plan with the aim of betting on the viability of the company," said bankruptcy administrator Francisco Vera.
Pullmantur was one of the early victims of the cruise industry shutdown, and filed for bankruptcy protection in June 2020.
Two former Royal Caribbean ships, Monarch of the Seas and Sovereign of the Seas, were sold to a Turkish scrapyard.