cbb Posted May 5, 2020 #1 Share Posted May 5, 2020 https://www.cnbc.com/2020/05/05/norwegian-cruise-line-says-theres-substantial-doubt-about-its-ability-to-continue-as-a-going-concern.html Link to comment Share on other sites More sharing options...
Rare LHT28 Posted May 5, 2020 #2 Share Posted May 5, 2020 Was posted in another thread but maybe better on it own thread The line will surely die now Another story https://www.seatrade-cruise.com/news/nclh-boosts-liquidity-amended-loans-three-further-ships Link to comment Share on other sites More sharing options...
Paulchili Posted May 5, 2020 #3 Share Posted May 5, 2020 1 hour ago, LHT28 said: The line will surely die now When you say that do you mean NCL or NCLH? Link to comment Share on other sites More sharing options...
CintiPam Posted May 5, 2020 #4 Share Posted May 5, 2020 (edited) 5 hours ago, Paulchili said: When you say that do you mean NCL or NCLH? The accountants’ “going concern” letter was issued regarding and affects the entire publicly-traded company, NCHL. What that means is that the accountants are saying that unless additional money is raised, they fear the ongoing business as a whole will be insolvent within 12 months. If things do not work out, normally you file for bankruptcy and you reorganize your debt. Shareholders get screwed but the company may survive, just not with the same ownership. Submitted by “recovering” (retired) securities attorney. Edited May 5, 2020 by CintiPam 1 Link to comment Share on other sites More sharing options...
Paulchili Posted May 5, 2020 #5 Share Posted May 5, 2020 5 minutes ago, CintiPam said: The accountants’ “going concern” letter was issued regarding and affects the entire publicly-traded company, NCHL. Oh boy! Link to comment Share on other sites More sharing options...
Rare LHT28 Posted May 5, 2020 #6 Share Posted May 5, 2020 5 hours ago, Paulchili said: When you say that do you mean NCL or NCLH? NCLH Panic will keep people from booking any cruise in the family but time will tell if they can survive I do hope so Link to comment Share on other sites More sharing options...
shank63 Posted May 8, 2020 #7 Share Posted May 8, 2020 NCHL successfully raised over $2 billion in capital this week in spite of the required disclosures noted. This gives NCHL cash to survive 18 months with zero income, and many predict that ships will be sailing within 6 to 8 months, if not sooner. According to Frank Del Rio, future bookings are strong at this point for 2021. The answer is yes, NCHL will survive in some form or fashion. 2 Link to comment Share on other sites More sharing options...
Queen of DaNile Posted May 8, 2020 #8 Share Posted May 8, 2020 Frank Del Rio on the future of NCHL: https://youtu.be/NTWyNiX6iyI 2 Link to comment Share on other sites More sharing options...
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