Ambassadors to sell Majestic America Line
 Ambassadors International plans to sell Majestic America Line, whose fleet includes American Queen, Mississippi Queen, Queen of the West, Empress of the North and Columbia Queen, with Delta Queen due to retire from service later this year. ‘Several credible parties’ have expressed interest in acquiring ‘some and/or all the assets of Majestic America Line,’ said Joe Ueberroth, chairman and ceo of Ambassadors International. Speculation about a potential sale of Majestic America Line or various ships has circulated in recent months. Ueberroth today said the decision to exit the river-cruise brand will enable Ambassadors to focus on its successful Windstar Cruises unit. ‘Our dedicated American crew remain committed to providing our customers with extraordinary cruises and key vendors and business partners are working with us to ensure a smooth transition,’ Ueberroth added. He said further information will be provided during the company’s May 6 conference call with analysts to discuss first quarter financial results. AMIE shares closed at $4.80, up 26 cents. The stock has traded as high as $41.16 during the past 52 weeks. |