Saga seeking new ‘Strategic Partner’

[Mickb]

Saga have announced that they are seeking a strategic partner for their cruise ships in an effort to reduce the level of debt on their balance sheet.

Depending on FOCL’s level of endebitedness and the appetite of the parent company. There could be an opportunity for Olsen to ‘acquire/partner’ the 2 new state of the art Saga ships,  at one feel swoop get new contemporary tonnage and eliminate a strong competitor?

[twotravellersLondon]

19 minutes ago, Mickb said:

Saga have announced that they are seeking a strategic partner for their cruise ships in an effort to reduce the level of debt on their balance sheet.

Depending on FOCL’s level of endebitedness and the appetite of the parent company. There could be an opportunity for Olsen to ‘acquire/partner’ the 2 new state of the art Saga ships,  at one feel swoop get new contemporary tonnage and eliminate a strong competitor?

 

Level of indebtedness of FOCLs... £100,000,000+. Recently dropped from 4 ships to 3. Never ever has a newish ship. They may have to dream on.

[lovetocruise1953]

Saga are hugely expensive..........

[Coravel]

But I've been told you get free taxis to the port, free WiFi, free excursions and free drinks packages.  Never been on one so don't take my word for it!  

[JoJo1947]

On 2/6/2024 at 3:34 PM, lovetocruise1953 said:

Saga are hugely expensive..........

Nit when you break it down. Great value for money as everything you pay in other cruise lines including Fred is included. Even some excursions are included. 

[JoJo1947]

On 1/30/2024 at 8:58 PM, Mickb said:

Saga have announced that they are seeking a strategic partner for their cruise ships in an effort to reduce the level of debt on their balance sheet.

Depending on FOCL’s level of endebitedness and the appetite of the parent company. There could be an opportunity for Olsen to ‘acquire/partner’ the 2 new state of the art Saga ships,  at one feel swoop get new contemporary tonnage and eliminate a strong competitor?

Won't acquire but a partner is being sorted but Saga will keep what it offers now with no cuts

[JoJo1947]

On 2/6/2024 at 4:46 PM, Coravel said:

But I've been told you get free taxis to the port, free WiFi, free excursions and free drinks packages.  Never been on one so don't take my word for it!  

Take my word for it as we've done loads of Saga cruises. Apart what you've said there's included  travel insurance,included speciality restaurants,included full menu room service and drinks, gratuities included  Spa, premium drinks,full afternoon tea. You only pay for shop goods,spa treatments and alternative excursions. Pop up restaurants  no charge We usually leave with no bill. The food is top notch 

Edited February 7 by JoJo1947

[JoJo1947]

On 2/6/2024 at 3:34 PM, lovetocruise1953 said:

Saga are hugely expensive..........

Fantastic value for money when you break it down. We come off the ships with no bill.

[Coravel]

I forgot that insurance is included!  That's a great saving.