Ship Shape? Not So Much
The Queen Mary Got A Royal Sum For Repairs. Now Its Operator Is Filing For Bankruptcy
Updated
Published
January 20, 2021 5:14 PM
File: People visit for free on the 80th anniversary of the Queen Mary on Sept. 26, 2014 in Long Beach. (Frederic J. Brown/AFP via Getty Images)
The operator of the Queen Mary, the nearly 90-year-old ocean liner owned by the city of Long Beach, has filed for Chapter 11 bankruptcy.
According to court documents acquired by the Long Beach Post, Singapore-based Eagle Hospitality Trust filed for bankruptcy on Monday, with more than $500 million in debt.
Long Beach Post reporter Kelly Puente says the bankruptcy is the latest in a long string of financial problems.