By Eric Goldring
After a runup on its stock and then a halt in trading, Ambassadors International, Inc. has filed for Chapter 11 bankrupcty which includes the sale of Windstar Cruises as a going concern within 45 days. Ambassadors intends on continuing Windstar Cruises with no interruption in service. More specifically, it intends
You know I hate these “awards”, but I feel compelled to provide the information because some people find them of great interest. The Yachts of Seabourn has won the 2009 Travel & Leisure Magazine Award as the No. 1 Small Ship Cruise Line. What is interesting is that the category
Windstar’s owner, Ambassador’s International, has been selling off some of its assets in order to stay afloat (pun intended). It is exiting its Majestic America cruise operations and has recently sold its marine group after selling its travel and events a month ago. But there are other assets which it
It was reported today that Ambassadors International, the parent company of Windstar’s owner, Ambassadors International Cruise Group, LLC, a wholly-owned subsidiary of Ambassadors Cruise Group, LLC, missed a $1,800,000 interest payment on the notes (loan) it used to purchase Windstar. Ambassador warned that if it cannot sell its non-Windstar assets
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