Court Approves Sale of Windstar // © 2011 Windstar Cruises
Ambassadors International, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has granted an order approving the sale of nearly all of Ambassadors' assets, including its principal operating unit, Windstar Cruises, to TAC Cruise LLC, an affiliate of Xanterra Holding Corporation.
"Windstar is very pleased with the successful outcome of this sale process and expects to complete it by early next week," said Hans Birkholz, CEO of Ambassadors and Windstar. "Windstar is excited to have its new owner join in building Windstar's world-class brand and will be well-positioned for long-term profitability and success under new ownership. We will continue to provide exceptional service and extraordinary luxury travel experiences for our guests."