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Princess Cruises Extends Temporary Pause of Global Operations Through June 30 Due to Global COVID-19 Outbreak

Harold A. Quade

SANTA CLARITA, Calif., April 14, 2020 /PRNewswire/ — In continued reaction to the impact of the COVID-19 world outbreak and the current purchase from the United States Centers for Sickness Control (CDC), Princess Cruises is canceling all voyages via June thirty, 2020. The cruise line had formerly announced a voluntary pause for two months (60 days), impacting voyages departing March twelve to May possibly 10, 2020.

In addition, Princess Cruises can validate modifications to the Alaska year, which features the cancellation of all Princess Alaska Gulf cruise and cruisetours. The 5 wilderness lodges, trains and

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Travel & Leisure
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Carnival Corporation & plc Announces Upsizing and Pricing of 11.500% First-Priority Senior Secured Notes due 2023 and Pricing of 5.75% Senior Convertible Notes due 2023

Harold A. Quade

MIAMI, April 1, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the “Company”) the world’s largest leisure travel company, today announced that Carnival Corporation (the “Corporation”) has priced the private offerings of $4 billion aggregate principal amount of 11.500% first-priority senior secured notes due 2023 (the “Secured Notes”) of the Corporation and $1.75 billion aggregate principal amount of 5.75% senior convertible notes due 2023 of the Corporation (the “Convertible Notes” and, collectively with the Secured Notes, the “Notes”). The aggregate principal amount of Secured Notes to be issued was increased to $4 billion from the previously

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Home Travel
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Carnival Corporation & plc Announces Closing of 5.75% Convertible Senior Notes due 2023

Harold A. Quade

MIAMI, April six, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), the world’s greatest leisure journey corporation, these days announced that Carnival Company (the “Company”) has closed its non-public presenting to qualified institutional consumers of $one.95 billion mixture principal total of 5.seventy five% convertible senior notes because of 2023 (the “Convertible Notes”), which include $200 million mixture principal total of the Convertible Notes sold pursuant to the partial exercise by the original purchasers of their alternative to buy supplemental Convertible Notes. The Company has granted the original purchasers of the Convertible Notes an alternative to buy

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Travel and Tour Ideas
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Carnival Corporation & plc Announces Closing of 11.500% First-Priority Senior Secured Notes due 2023 and Exercise of Option for 5.75% Convertible Senior Notes due 2023

Harold A. Quade

MIAMI, April 8, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), the world’s most significant leisure travel company, these days introduced that Carnival Corporation (the “Corporation”) has closed its private giving of $four.00 billion aggregate principal amount of money of eleven.500% To start with-Priority Senior Secured Notes because of 2023 (the “Secured Notes”). The Corporation also introduced these days that the preliminary purchasers of the Corporation’s formerly introduced private giving of five.75% Convertible Senior Notes because of 2023 (the “Convertible Notes”) totally exercised the remainder of their possibility to order an additional $sixty two.five million aggregate

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Festival Reviews
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Carnival Corporation & plc Announces Offerings of Senior Secured Notes due 2023 and Senior Convertible Notes due 2023

Harold A. Quade

MIAMI, March 31, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK) (the “Corporation”) the world’s major leisure travel corporation, right now announced that Carnival Company (the “Company”) has commenced personal offerings of $three billion combination principal amount of money of initial-priority senior secured notes thanks 2023 (the “Secured Notes”) of the Company and $1.seventy five billion combination principal amount of money of senior convertible notes thanks 2023 of the Company (the “Convertible Notes” and, collectively with the Secured Notes, the “Notes”). The Company intends to grant the first purchasers of the Convertible Notes an choice to

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Airport and Rent Car
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Puerto Rico to Enforce Curfew Through End Of March Due to Coronavirus

Harold A. Quade

With only five scenarios confirmed as of this morning on the island, Puerto Rico has place an island-extensive concerns management program in spot as a preventative measure to prevent mass spread of COVID-19 throughout the Island. 

“Given the Island’s resilience and expertise with big disasters and expediting fast recoveries for financial turnaround, like it did from 2017’s Hurricane Maria to owning a history-breaking yr in tourism in 2019, island leaders know that having in advance and generating fast impactful conclusions like these are crucial to pushing ahead to get again on monitor when the crisis is at the rear of

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Festival Reviews
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Lufthansa Group cancels all flights to Israel due to new en-try regulations

Harold A. Quade

  • All flights to Tel Aviv and Eilat will be cancelled as of next Sunday for the next three weeks
  • Lufthansa cancels about 7,100 European flights in March as of today

The extended refusal of entry of the Israeli authorities, which apply from 6 March among others also for travellers from Germany, Switzerland and Austria, will lead to a considerable drop in demand for flights to Israel. As a result, Lufthansa, SWISS and Austrian Airlines will cancel all their flights to Tel Aviv and Eilat as of Sunday 8 March 2020 for the remaining winter timetable period until 28 March. The

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Airport and Rent Car
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Princess, Carnival Revise Cancellation Policies Due to Coronavirus

Harold A. Quade

Princess Cruises and Carnival Cruise Line have temporarily revised their cancellation policies due to the ongoing coronavirus outbreak. Both new policies will be in effect for cruises and cruise tours departing through May 31. 

Princess Cruises

Princess said that the details of its revised policy vary by departure date:

Date of Departure Policy Update
April 3 or earlier Cancel up to 72 hours before sailing to receive a Future Cruise Credit for 100 percent of the cancellation fees
April 4 – May 31 Cancel by March 31 and receive a Future Cruise Credit for 100 percent of the cancellation fees
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Festival Reviews
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‘Tough year for airlines’: Global air traffic could fall for 1st time since 2003 due to coronavirus | Travel Wire News

Harold A. Quade

Breaking Option Information:

The International Air Transport Authority (IATA) has warned that declining journey need amid the Covid-19 virus outbreak could value world-wide carriers tens of billions of dollars in shed revenue.

The IATA’s forecast assumes that the outbreak will keep on being typically in China, which means airlines in Asia will be strike the most difficult and could get rid of practically $28 billion in revenue this year. Carriers exterior the region are probable to endure a scaled-down profits strike of $one.5 billion.

“If it [coronavirus – Ed.] spreads extra extensively to Asia-Pacific markets then impacts on airlines from

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