[BobL]

“What concerns me about cruise lines is they are so far in debt, that it looks to me like they are going to have to reorganize.(Chapter 11 Bankruptcy)”

Agree, and I thought they’d collapse over a year ago. Surprised, though, that investors/banks are even willing to lend to them, as they’re totally at the mercy of Fauchi.

[Zhang Fei]

[Surprised, though, that investors/banks are even willing to lend to them, as they’re totally at the mercy of Fauchi.]

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The scrap value of the ships is a tiny fraction of the debt on the books. They need the cruise lines operating to get their money back.