Industry | Transportation, Hospitality, Travel, Tourism |
---|---|
Founded | 2000 |
Defunct | 2020 |
Fate | Corporate reorganization |
Headquarters | Madrid, Spain |
Area served | Caribbean Mediterranean Northern Europe |
Owner | Springwater Capital (51%) Royal Caribbean Group (49%) |
Subsidiaries | CDF Croisières de France |
Website | www.pullmantur.es |
Pullmantur Cruises was a cruise line headquartered in Madrid, Spain.[1] It began operations in the late 1990s as an offshoot of the Madrid-based travel agency Pullmantur. In 2006, Pullmantur Cruises, through its parent company, was purchased by U.S.-based Royal Caribbean Group,[2] but Royal Caribbean later sold a 51% stake in the cruise line to Spain-based investment firm Springwater Capital, retaining a 49% stake.[3]
Pullmantur Cruises was the largest Spain-based cruise line. The company mainly marketed to Spanish passengers, although cruises were also sold by some travel operators outside the Spanish-speaking world. Some of the company's ships operated an "all-inclusive" product, where some extras, such as brand alcoholic beverages, were included in the cruise price.[2] Originally, most Pullmantur ships did not operate cruises for the company during the northern hemisphere winter season. Instead, they were either laid up or under charter to other cruise lines, such as the Brazil-based Viagens CVC.[2]
On 22 June 2020, due to the economic impact caused by the COVID-19 pandemic, Pullmantur's owners announced they had filed for reorganization of Pullmantur under Spanish insolvency laws.[4] Pullmantur under Administration review was hoping to restart some operations with MV Horizon, laid up in Eleusis Bay, and two Celebrity Millennium class cruise ships.[5]
By December 2020, a reorganization plan had been developed, to restart some cruises, with financial assistance from Royal Caribbean.[6] Since mid July 2021 it was in process of liquidation.[7]