Lindblad Buys Majority Stake in White Desert, Echo Charlie for $61M
New York – September 18, 2026 -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) has acquired a 60% majority stake in White Desert, the Antarctic luxury travel operator, and Echo Charlie, a new aviation adventure brand, for an aggregate cash purchase price of approximately $61 million, plus roughly $6 million for cash on the balance sheet, subject to customary working capital adjustments.
Lindblad raises full-year 2026 guidance following the deal
The company lifted its FY2026 outlook to tour revenues of $850 million to $880 million, Net Yield per Available Guest Night of 5.5% to 6.5%, and Adjusted EBITDA of $140 million to $148 million, citing the White Desert and Echo Charlie acquisitions alongside continued core business momentum. CEO Natalya Leahy called the transaction the largest in the company's history.