MAL has bought another company and three more boats
http://phx.corporate-ir.net/phoenix.zhtml?c=140690&p=irol-newsArticle&ID=966141&highlight=
http://www.cruisecritic.com/news/news.cfm?ID=1945
More about Windstar Cruises
http://www.cruisecritic.com/reviews/cruiseline.cfm?CruiseLineID=42
and
http://www.windstarcruises.com/
Carmen
And here´s the press release by AI
http://phx.corporate-ir.net/phoenix.zhtml?c=76367&p=irol-newsArticle&t=Regular&id=966133&
Carmen
AI news release
Most interesting part is in the section called forward statements as to the risk involved. Anybody who takes that much effort to cover their backsides is looking at a dicey future.
Good friends of my parents have sailed Windstar in the Caribbean, they loved it! Hopefully MAL will not change them!
David Giersdorf used to be with HAL and Windstar. So he should exactly know what he has bought.
Carmen
More new boats/ships. Hmm......sounds like AMCV all over again!!!!!!!!!!!!!!!!!!!!
Hi, Matt & steamboating colleagues:
TRAVEL WEEKLY - The National Newspaper of the Trvel Industry, arrived yesterday. Two squibs appeared Re: CARNIVAL selling WINDSTAR to AMBASSADOR INTERNATIONAL for $100 million. Mickey Arison, CARNIVAL CEO, praised the
Hi, Matt & steamboating colleagues:
*A 1,000 apologies. Something went PFFT! here while typing the above message. This happens from time to time. I continue the message here.
...CARNIVAL CEO Mickey Arison praised the WINDSTAR product but said it did not fit the company's future growth strategy. The sale is to close in the 2nd quarter of 2007. Meanwhile, AMBASSADORS CRUISE GROUP is moving beyond its core product of MAJESTIC AMERICA LINE-branded river cruises. "It's a different market," said AMBASSADORS President/CEO Joe Uberoth, "but we still think it's exactly where we want to be, in the middle of the luxury cruising market." Refurbishment of the WINDSTAR fleet began last November.
Not "pure steamboats," but NCL Corp. reported a $116 million 4th quarter loss. NCL, as you all recall, assumed the cruise ships for completion from former AMVC operations of late, great fame. Lower on-board revenues across the fleet from concessionaires and downward pricing pressures in the Hawaii market and occupancy levels. Other than the above I don't know a thing.
Cheers,
R. Dale Flick