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April 1, 2011

Windstar Cruises parent files bankruptcy, plans sale

"Ambassadors International Inc (AMIE.O), the parent of Windstar Cruises, filed for bankruptcy protection on Friday and said it plans to sell itself to Whippoorwill Associates Inc, its largest shareholder.

Windstar operates three internationally flagged luxury yachts with sailings in the Americas including the Caribbean, and Europe including the Baltic region and the Greek Isles, according to the Chapter 11 petition filed with the U.S. bankruptcy court in Delaware."

Read more here.

April 1, 2011 in Current Affairs | Permalink

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