"Titanic" disaster: Billionaire demands compensation for canceled Titanic trip!

London (United Kingdom) - A Hong Kong billionaire is suing for compensation because her exclusive expedition to the Titanic on the submarine that crashed in 2023 did not take place and she was not reimbursed.

The "Titan" submersible could not withstand the immense underwater pressure and imploded in June 2023.
The "Titan" submersible could not withstand the immense underwater pressure and imploded in June 2023.  © OceanGate Expeditions/AP/dpa

It was a tragedy that shook the world: In June 2023, a fatal disaster occurred deep down in the Atlantic. The submarine "Titan" imploded on its way to the famous Titanic wreck, killing five people .

Now a new case involving the ill-fated submarine is causing a stir.

As The Sun reports, billionaire Karen Lo has sued luxury tour operator Cookson's Adventures for one million pounds (around 1.1 million euros). Her planned expedition on the "Titan" had been canceled at the time - but she did not receive a refund.

The entrepreneur from Hong Kong had paid 680,000 pounds (around 789,000 euros) for the exclusive trip. She is now taking the matter to court and is demanding a refund as well as eight percent interest.

The expedition to the Titanic was originally scheduled to take place in 2018

Karen Lo's expedition to the Titanic was originally scheduled to take place between June 30 and July 14, 2018.
Karen Lo's expedition to the Titanic was originally scheduled to take place between June 30 and July 14, 2018.  © Oceangate Expeditions/PA Media/dpa

Their expedition was originally scheduled to take place between June 30 and July 14, 2018. However, the trip was canceled after lightning struck the submarine and damaged the electronics.

The contract provided for 100% credit until 2019, and the credit could also have been applied to future dives. However, OceanGate did not offer any further tours in 2019 or 2020.

As the dive did not take place within a reasonable period of time and is now no longer possible, the millionaire is now demanding a refund from her tour operator.

However, Cookson's Adventures, the billionaire's booking agency, refers to an agreement including a non-refund clause. This stipulated that a credit would be granted for a future trip in the event of a technical cancellation.

The businesswoman is said to have not used the credit within the time limit and declared that she would not redeem it in the future either - meaning that her claim had lapsed.

If no agreement is reached, the case will soon be heardin court.