audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Is someone seriously proposing to bail out the international cruise industry?
Is someone seriously proposing to bail out the international cruise industry?
If we tell you who, then it becomes political and they shut down the thread.
It's a sad state of affairs we've come to, when elected officials can count on us to keep each other silent about what they're up to.
The cruise industry is important to the South Florida economy. It's not only about the revenue generated by the cruise ships but the airlines that fly passengers to Ft Lauderdale and Miami. Those passengers also stay at hotels in Florida prior to or after their cruise. The massive ships are loaded with food and beverages from Florida businesses using local trucking companies.
That being said, this industry will have to get creative with ships that nobody will sail on after this passes. They might want to consider converting some of them to floating hotels
That being said, this industry will have to get creative with ships that nobody will sail on after this passes. They might want to consider converting some of them to floating hotels
#BoomerRemoverI'm sure my cruise plan for seniors would go swell. What could go wrong?
Airplanes should also sterilize the plane between flights.
No need to bail them out.
The bond holders will own the ships soon enough......
When the virus passes and people are ok with cruising again, someone with capital will buy the “carnival” or other cruise ship “brand” and relaunch paying the bond holders some fraction of the original bond value.
This is how we still have GM.
The govt needs to do organized bankruptcy of many industries right now. Equity gets wiped out, bond holders take haircuts, but the business and purpose for it survive.
The bond holders should be at the back of the line, in front of shareholders of course, but behind the many many lawsuits that will be filed for people who were trapped on the ships.
Cruising is dead for quite awhile imo.
I see that Carnival is asking for $6B: https://www.cnn.com/2020/04/01/business/carnival-cruise-debt-coronavirus/index.html
The cruise operator announced on Tuesday that it intends to raise $3 billion of secured notes and $1.75 billion of convertible notes — both due in three years — as well as $1.25 billion of new shares.
Just before they file for BK , small shareowners should request conversion of shares held in street name to actual stock certificate , if that is still possable.The bond holders should be at the back of the line, in front of shareholders of course, but behind the many many lawsuits that will be filed for people who were trapped on the ships.
Cruising is dead for quite awhile imo.
Just before they file for BK , small shareowners should request conversion of shares held in street name to actual stock certificate , if that is still possable.
Then frame and hang on the wall as a reminder to not buy shares in weak industries.