The company is one of the country’s largest tourism and transport operators. It says it is considering selling some of its businesses to pay down debts.

Parent company Kelsian says the business will be offered for sale as part of a portfolio of ferry, tour and resort businesses in Queensland, South Australia, NSW, Tasmania and the Northern Territory.

Shares in Kelsian Group rose more than 4% to $2.68 in early trading after the bus and ferry operator said it is exploring ...