NCL Plans To Purchase Norwegian Sky

NCL announced some exciting news today. Here is the official press release…

The Pride of Aloha

(Photo credit: Wikipedia)

MIAMI – June 1, 2012 – Norwegian Cruise Line (NCL Corporation Ltd., “Norwegian” or “the Company”) today announced the signing of a memorandum of agreement to exercise its option to purchase Norwegian Sky.  The transaction is expected to close shortly.

The Company currently operates Norwegian Sky under a Bareboat Charter with a purchase option from Ample Avenue, an indirect wholly-owned subsidiary of Genting Hong Kong Limited, a 50% owner of the Company.  The purchase price is approximately $260 million pursuant to the option under the Bareboat Charter.  Financing is being provided by the seller.

The 2,002-berth Norwegian Sky currently operates three and four-night voyages year-round from Miami, Florida.

So basically, instead of “renting” the ship from its parent company every so often, NCL will fully own the Sky. I wonder why they have chosen to purchase the ship now?

 

 

Header image: my Mom

 

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Mike Faust

Mike Faust is an avid world traveler, often found traversing city streets in Asia and Europe rather than his home city of Boca Raton. Mike has touched down in 39 countries, set sail on 35 cruises, and flown over 400,000 lifetime miles.