Luxury Cruise Company in Crisis | Adelaide News

Adelaide News Today | 2 Min News | The Daily News Now! · Aug 23, 2026 · 1m

A luxury cruise company has collapsed, leaving customers stranded with canceled trips and potential losses of tens of thousands—despite its sole boat still being advertised for sale at $13,800 a night. The director, who took over in 2024, defaulted on a ballooning $1 million loan from Blackbird Private Equity, now under fire for alleged predatory lending. Customers discovered cancellations too late, some narrowly avoiding massive bills after learning the company was insolvent. Corporate experts call the lack of warning “highly unusual.” A Federal Court mediation is set for August 31, with…