October 7, 1998 |
American Classic Voyages Inc., the cruise ship operator controlled by billionaire investor Sam Zell, said it signed a letter of intent for Litton Industries Inc. to build two cruise ships, with options for four more. Each ship would cost about $400 million and would carry 1,900 passengers. Litton, based in Woodland Hills, is an electronics maker and defense contractor. The ships would be built at Litton's Ingalls Shipbuilding Division in Pascagoula, Miss.
October 28, 2001
Customers of American Classic Voyages Inc. were left to seek refunds through credit card companies, travel insurers or federal bankruptcy court after the company canceled most of its voyages and filed for Chapter 11 reorganization on Oct. 19. It was the second major cruise company in a month to file under Chapter 11, after Renaissance Cruises. The U.S.-flag company said its bookings declined by half after the Sept.