Carnival Cruise

bazaar Cruise INTRODUCTION In 1972 American decease kayoed go, Inc., on with Ted Arison, bought two ships from the Canadian Pacific Empress Lines for $6.5 million. These two ships were named the Marti Gras and the Carnivale. Things did not begin well for this group of investors. On its depression voyage, the Marti Gras ran aground in Miami Harbor. The ship was also slow and use up very expensive fuel. For the next three years, Carnival illogical money. During this time, Arison tried to drum up business by adding such attractions as casinos, discos, nightclubs, and various forms of activities.

Finally, in 1974, American last Services was ready to pull out of the joi nt venture. So, Ted Arison bought out ATSI for $1 cash. Unfortunately, he also acquired the $5 million debt that went along with the venture. As luck would have it, however, the following month afterward the buyout by Arison, the repaired Marti Gras began showing a profit. For the remainder of the year, it operated at or abo...If you want to get a full essay, order it on our website: OrderEssay.net

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