Team B Week 2 Paper

Team B Week 2 Paper - In 1972, Carnival Cruise Lines...

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In 1972, Carnival Cruise Lines established, by Ted Arison Boston-based American International Travel Service (AITS). The company’s first cruise ship, the TSS Mardi Gras, runs aground on a sandbar during its inaugural voyage. Arison purchases Carnival for $1 and the assumption of AITS’ $5 million in debt, The company owns Carnival Cruise Lines, Princess Cruises, Holland America Line and Sea bourn Cruise Line in North America; P&O Cruises, Cunard Line and Ocean Village in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Italy and P&O Cruises Australia in Australia. Combined, it operates a fleet of 88 ships, totaling more than 160,000 berths. The 1980’s Carnival grew steadily, and stuns the cruise industry with its plans to build the Tropicale, which entered service in 1982 and fueled an industry-wide shipbuilding boom. Around 1987 Carnival completes an initial public offering of 20 percent of its common stock, generating approximately $400 million. This influx of capital allowed the company to begin
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This note was uploaded on 04/15/2010 for the course ACC 280 taught by Professor Himmle during the Spring '09 term at University of Phoenix.

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Team B Week 2 Paper - In 1972, Carnival Cruise Lines...

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