ROYAL Caribbean has ended a long-term lease of the cruise ship operating as Brilliance of the Seas and instead purchased it outright from its UK owners HBOS Group.
Using a revolving credit facility that was recently upsized, RCCL paid US$275m for the fourteen year-old ship, ending a 25-year charter signed in Jul 2002 eleven years ahead of schedule.
RCI has been the only company to operate the ship since it was built, the line said in a statement.