Lindblad To Acquire Via Australis Ship For Galapagos
Lindblad Expeditions Holdings, Inc. has announced that it has signed a definitive agreement for the purchase of the Via Australis to be used in its operations in the Galapagos Islands. The Company expects to take possession of the ship in the 2nd quarter of 2016 and following a significant renovation will deploy the ship during the 3rd quarter of 2016. The Via Australis will replace the National Geographic Endeavour. The purchase price for the ship is $18 million and Lindblad plans to spend up to $10 million to refurbish and outfit the ship immediately after closing.
“The Via Australis will be the ideal platform for our Galapagos expeditions far into the future. Opportunities to acquire high quality expedition ships on attractive terms are infrequent so we seized this one,” said Sven Lindblad, President & CEO of Lindblad. “The Via Australis will provide us with increased profitability on the same route through more operating days, revenue enhancement opportunities, operating efficiencies and cost savings compared to the National Geographic Endeavour. Additionally, it will require significantly lower capital expenditures for the foreseeable future.”
The Via Australis will be renamed bearing the National Geographic name.