Pandaw said the continuing impact of Covid-19 on international leisure travel had left it no option but to halt its river cruise operations due to a lack of liquidity and inability to find additional funding.
Despite "strong" forward bookings for a 2022 restart, and "great support" from the "ever-loyal" Pandaw community, the company said on Monday (25 October) it lacked the funds to keep its 17 ships laid up for another year and to pay for any essential maintenance ahead of a resumption of operations, the timing of which Pandaw said was still "highly uncertain".
