Condor Ferries has faced some speculation in recent months as its owner, Macquarie European Investment Fund 2, winds down and sells its assets.
The Australia-based financial group, which manages the fund, stated its intention earlier this year to sell Condor in the next 18 months.
Condor Ferries’ CEO Paul Luxon says Condor is a Guernsey-based company so any change in shareholding remains separate from the board and management running of the business. “Our shareholder will decide on its ownership term and timing of any sale process. For us, in the meantime it is simply business as usual. We are focused on linking the UK, the Channel Islands and France across the three strands of essential freight, resident and visitor travel,” he says.
On the freight side of the business, Condor Ferries has just celebrated seven decades of serving the Channel Islands and delivers a resilient, just-intime daily service to Jersey and Guernsey along with a weekly rotation to St Malo.
“Both the freight-only Commodore Goodwill and the RoPax Commodore Clipper are sturdy, bespoke builds, running at around 97% reliability so their replacement remains many years away. There is some current dialogue around a possible earlier replacement of the “Goodwill” if Condor Rapide’s retirement is delayed, although this discussion remains conceptual as there are no actual plans in place yet.