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13 July 2020 The on-line newspaper devoted to the world of transports 06:52 GMT+2

June 23, 2020

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Pullmantur announces the presentation of a agreed with creditors

The headwinds caused by the pandemic - explains the company are too strong to be dealt with without resorting to a reorganization

The first cruise company that, in addition to having to discontinued activity due to the Covid-19 pandemic, may not resume operations as well as it has interrupted by the crisis is the Spanish Pullmantur, which is a joint venture between Luxembourg's Cruises Investment Holding and the US-based Royal Caribbean Cruises group 51% and 49% of the capital, respectively.

The two shareholders, in fact, announced that they had submitted a agreement plan with Pullmantur's creditors under the rules of Spanish bankruptcy law as the Pullmantur's board of directors has decided that the unprecedented impact of the coronavirus pandemic has made this action necessary. "Despite the remarkable progress made during 2019 by the company rehabilitation and its great commitment and best efforts of its motivated employees - reads a note circulated by the company -- the headwinds caused by the pandemic are too Pullmantur without resorting to a reorganization.'

Prior to this announcement, Pullmantur had communicated an extension of the period of interruption of your business until November 15th. The Spanish company has a fleet Sovereign and Monarchships, both capacity of more than 2,700 passengers, and from the ship Horizon which can accommodate 1,800 passengers.

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