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Airlines Report Massive Layoffs Due to Travel Restrictions

A few European airlines declared the decline of hundreds of work opportunities at the close of April. The scenario is really important for the air transportation sector, which has been strike tough by the Covid-19 crisis.

The checklist of airlines in problem proceeds to grow day by day. Immediately after South African Airways, Norwegian and Virgin Australia, British Airways, in change, declared on 28 April that it was slicing up to twelve,000 work opportunities because of the long lasting effects of the new coronavirus on its business enterprise. This represents a reduction of up to 30% in its salaried workforce.

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

MIAMI, April 6, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK), the world’s biggest leisure vacation business, currently announced that Carnival Corporation (the “Corporation”) has shut its non-public offering to certified institutional prospective buyers of $1.ninety five billion aggregate principal amount of five.seventy five% convertible senior notes thanks 2023 (the “Convertible Notes”), which include $two hundred million aggregate principal amount of the Convertible Notes sold pursuant to the partial workout by the initial purchasers of their possibility to obtain supplemental Convertible Notes. The Corporation has granted the initial purchasers of the Convertible Notes an possibility to

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

SANTA CLARITA, Calif., April fourteen, 2020 /PRNewswire/ — In continued response to the effects of the COVID-19 worldwide outbreak and the modern buy from the United States Facilities for Ailment Control (CDC), Princess Cruises is canceling all voyages by way of June thirty, 2020. The cruise line had earlier introduced a voluntary pause for two months (sixty times), impacting voyages departing March twelve to May perhaps ten, 2020.

In addition, Princess Cruises can verify modifications to the Alaska time, which includes the cancellation of all Princess Alaska Gulf cruise and cruisetours. The 5 wilderness lodges,

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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

MIAMI, April 8, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest leisure travel company, today announced that Carnival Corporation (the “Corporation”) has closed its private offering of $4.00 billion aggregate principal amount of 11.500% First-Priority Senior Secured Notes due 2023 (the “Secured Notes”). The Corporation also announced today that the initial purchasers of the Corporation’s previously announced private offering of 5.75% Convertible Senior Notes due 2023 (the “Convertible Notes”) fully exercised the remainder of their option to purchase an additional $62.5 million aggregate principal amount of the Convertible Notes. The offering of the

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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

MIAMI, April 1, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL NYSE: CUK) (the “Company”) the world’s major leisure journey business, right now declared that Carnival Corporation (the “Corporation”) has priced the non-public choices of $four billion mixture principal sum of eleven.five hundred% initial-priority senior secured notes due 2023 (the “Secured Notes”) of the Corporation and $1.75 billion mixture principal sum of five.75% senior convertible notes due 2023 of the Corporation (the “Convertible Notes” and, collectively with the Secured Notes, the “Notes”). The mixture principal sum of Secured Notes to be issued was amplified to $four billion from

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