Crystal Cruises ships acquired by A&K Travel Group: Travel Weekly

The Crystal Cruises brand, as well as the Crystal Serenity and Crystal Symphony, have been acquired by A&K Travel Group, which is owned by the CEO of the company.

The Crystal Cruises brand will operate the ships after they are refurbished in 2023.

Crystal Cruises and A&K Travel Group will work together.

• Related: River lines show little interest in Crystal Cruises' river ships

The two ships that ceased operations earlier this year have been managed by V. Ships Leisure.

In a statement he said that he was thrilled to start this new chapter and to be back in an industry that has always had a special place in his heart. The decision to sell the cruise business that my family owned for 25 years was a difficult one.

When the opportunity to acquire Crystal Cruises came up, I didn't think about it again.

The purchase price was not confirmed by the company, but earlier reports put the sale at $128 million.

The statement did not say that the ship was part of the package. Last week, Silversea declined to comment on a report that it had purchased it.