American Queen Steamboat Co. explains details about the Empress of the North purchase

August 24th, 2013

After some confusion and rumors following the announcement of American Queen Steamboat Company about the purchase of the former Empress of the North (now American Empress) in May 2013, American Queen Steamboat Company now explains the details of the deal.

The cruise line said that AQSC is not formally owning the paddlewheel cruise ship yet but has a binding purchase contract with the U.S. Marine Administration (MARAD). According to Travel Weekly, the MARAD said as of now the vessel is under charter to the American Queen Steamboat Company.

In a press release Ted Sykes, president and COO of American Queen Steamboat Company said that he expects the sale of the Empress of the North, now renamed American Empress, will be final before the ship starts into its season on the Columbia and Snakes Rivers in April 2014.

While Sykes called it a “financing technicality” of when the closing of the purchase occurs, Travel Weekly cites Christopher Kyte, former president of American Queen Steamboat Company saying the announcement in May was misleading and made the acquisition of the ship appear final.

American queen Steamboat Company is investing millions of dollars in renovating the ship at Portland, Oregon, where it is currently docked.

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