Travel

A&Okay Journey Group acquires Crystal Serenity and Crystal Symphony

A&Okay Journey Group Ltd., a journey firm owned by Geoffrey Kent and Manfredi Lefebvre d’Ovidio’s holding firm, has acquired the posh cruise ships Crystal Serenity and Crystal Symphony, it was confirmed on June 22.

The Crystal Symphony, in-built 1995, was reported to have been priced at $25 million, whereas the Crystal Serenity, commissioned in 2002, was reported to be $103 million.

ADVERTISING

Precise

The 2 ships will resume service in 2023 after a serious overhaul and can function below the Crystal Cruises model, which has additionally been acquired.

The 2 ships got here in the marketplace after Crystal, operated by Genting Hong Kong, suspended operations in January and closed in February, finishing a round-the-world journey on Crystal Serenity simply two weeks later in January.

Each ships had been arrested by Bahamas authorities in early February for over $4 million in unpaid gas payments.

“I’m very excited to start out this new chapter and return to an business that has all the time held and can all the time maintain a particular place in my coronary heart,” Lefebvre d’Ovidio stated in a press release. “Thirty-five years in the past my household took management of Sitmar Cruises by constructing the primary three devoted cruise ships, and 30 years in the past my household pioneered a brand new approach of cruising. … Promoting the cruise enterprise, which had been in my household for 1 / 4 of a century, was a troublesome determination, as I knew I’d miss the business a lot. So when the chance to buy Crystal Cruises got here up, I did not give it some thought. Having my unbelievable pal and galvanizing chief Jeffrey Kent by my facet makes this enterprise all of the extra fulfilling.”

Lefebvre d’Ovidio, founder and former proprietor of Silversea Cruises, can be co-chairman of A&Okay Journey Group Ltd., Crystal Cruises and Abercrombie & Kent, a luxurious tour operator based by Kent. Lefebvre d’Ovidio purchased A&Okay in 2019 by his non-public fairness agency Heritage Group. Silversea is now a part of the Royal Caribbean Group.

“Whereas it looks like yesterday, it has been 30 years for the reason that Lefebvre household and I constructed our first ship collectively,” Kent stated. “Since then, Manfredi and I’ve change into greatest buddies and enterprise companions. The concept of ​​combining the unparalleled onboard service that Crystal Cruises is understood for with the extraordinary personalised expertise that Abercrombie & Kent has efficiently supplied to our visitors over the previous 60 years fills me with pleasure, enthusiasm and satisfaction.”

Kent will co-chair A&Okay Journey Group Ltd. and Crystal Cruises. He based Abercrombie & Kent in 1962 together with his mother and father.

Crystal Cruises and Abercrombie & Kent will report back to Christina Lewis, CEO of A&Okay Journey Group Ltd., who commented: “My return to luxurious cruising after 5 years is so emotional. It’s a enormous privilege to serve these two unbelievable manufacturers which have…

.

About the author

bouzara

Leave a Comment