The remnants of Vantage Deluxe World Travel have been sold to Pacific Travel Partners, a subsidiary of Aurora Expeditions, for $2 million.
Pacific Travel Partners will operate the new company as Vantage Explorations.
This outcome has surprised many following the Vantage Travel bankruptcy proceedings since late June, as competing bidder United Travel was widely expected to emerge as the winner.
And there were more surprises when the purchase agreement details were revealed in U.S. Bankruptcy Court on August 9. For Vantage customers, who are collectively owed $108 million, the offer from Pacific Travel Partners is considerably better than the initial sale proposal from United Travel.
Now that the assets of Vantage Travel have been sold to Pacific Travel Partners, here’s what customers should know.