PONANT has acquired a majority share of Aqua Expeditions, with a view to the luxury small-ship operator’s further global expansion (CW breaking news).
The move is backed by Ponant part-owner, French investment holding Groupe Artemis, and will see Aqua founder Francesco Galli Zugaro retain a minority shareholding, and his role as Chief Executive Officer.
Zugaro will continue to lead Aqua, along with his senior management team, as a stand-alone business unit.
The transaction comes at a pivotal time, as Aqua ramps up the launch of its East Africa itineraries, exploring the Tanzania and the Seychelles, particularly its Aldabra Group (CW 11 Sep 2024).
“We are thrilled to welcome Aqua Expeditions into the Ponant family,” Ponant Chief Executive Officer Herve Gastinel said.
“This partnership aligns perfectly with our vision of excellence and sustainability in the luxury sector.
“It reflects our commitment to offering unparalleled travel experiences in iconic destinations such as the Galapagos and now also river journeys, while preserving the natural beauty of the places we explore.”
Zugaro said joining forces with Ponant, and the support of Artemis, is a remarkable opportunity for his cruise line.
“Partnering with another family-owned business ensures we maintain a heritage of luxury in our brand,” he said.
“With the financial support and expertise from our partners, we are well-positioned to continue our growth and offer our guests unforgettable journeys to the world’s most biodiverse and culturally rich regions while maintaining our core brand values,” Zugaro added.
Aqua has ben expanding locally of late, last year announcing a new partnership with Flight Centre Travel Group, which saw the cruise line become a preferred supplier for the agency network (CW 03 Jul 2024).
Meanwhile, Ponant has released a new ‘Luxury Voyages Collection’ brochure, featuring exclusive offers and experiences from Sep 2025 to Apr 2026.
The new collection offers once-in-a-lifetime experiences, including an exclusive Antarctic adventure departing from Ushuaia to Hobart on board Le Commandant Charcot.
The voyage will be joined by Jonathan Shackleton, a descendant of Antarctic explorer Ernest Shackleton, and the family’s historian.
Guests will also have the opportunity to venture into the heart of the Weddell Sea.
Guests can explore hidden gems across destinations such as Northern Europe, the Canary Islands, and Papua New Guinea.
Ponant is also offering more than 50 departures featuring a free solo supplement, eliminating the tariff for single travellers.
This offer is valid on select departures across the globe, including voyages to Northern Europe, Scandinavia, Antarctica, the Mediterranean, Oceania, and more – CLICK HERE. MS
Pictured: Aqua Blu.