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Bora Bora Cruises in receivership

PAPEÉTE, Tahiti (Tahitipresse, April 23, 2010) - The Papeete Mixed Commerce Tribunal recently gave a new deadline to Bora Bora Cruises. The company has already been put in receivership late last year.

The company now has until June 14, 2010 to make things go better. This means mainly to pay off some of the company's debts.

Bora Bora Cruises (BBC) is one of the only companies of its kind to have French Polynesian owners.

Over the last months, there were not enough tourists coming to Tahiti and Her Islands.

So there have not been enough cruises to make the BBC operation profitable.

BBC has two cruising yachts, the "Tia Moana" and the "Tu Moana". But one of them - the "Tu Moana" - is to be sold.

Both cruising yachts were built in Australia in 2003 by Austal Ships Oceanfast.

They both are 69 meters (226 feet) long, 13.8 meters (45 feet) wide and have a draft of 2.3 meters (7 feet).

They each have 20 cabins for 40 passengers in FIT version, 25 cabins for 50 passengers in charter/incentive version.

Both yachts offered weekly cruises from Bora Bora to the other Leeward Islands of Taha'a, Huahine and Raiatea.

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