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Added on the 19/11/2020 11:53:06 - Copyright : Wochit
Royal Caribbean has announced they are selling its Azamara cruise line brand. According to Business Insider, the company will sell the line to Sycamore Partners for $201 million. The Azamara deal is the latest in a series of cruise industry disruptions amid the COVID-19 pandemic. The Azamara sale is a cash transaction between Royal Caribbean and Sycamore Partners, a private equity firm. Sycamore will then own the cruising brand and its fleet of three ships.
The US Center for Disease Control and Prevention lifted its no-sail order on November 1st. However, Royal Caribbean will be looking for volunteers to embark on trial cruises. These cruises are a way to test safety guidelines the CDC has put in place to allow ships to set sail again. Most cruise ships have been at dock since March, when the coronavirus pandemic halted all travel. Royal Caribbean is going to be looking for volunteers to experience the new style of cruising. The process will use simulated voyages to "test cruise ships" ability to mitigate COVID-19 risk.
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