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CMV confirms financing talks 'still ongoing'

Cruise
Tom Parry
15 July 2020

Cruise & Maritime Voyages has confirmed it is undergoing financing discussions “involving several parties” after fresh reports it is trying to secure a rescue deal.

Abta was one of many hit financially by the collapse of CMV (Pictured: CMV's Vasco de Gama)

Sky News said on Tuesday (14 July) the six-ship line had entered into “eleventh-hour” discussions with investor VGO Capital Management.

Last month CMV said it was looking for “additional financing to improve its liquidity position”, adding it was “confident” of attaining new funding.

A CMV spokesperson told TTG today (15 July) it was “not prepared to make any further comment at this time”.