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American Classic Voyages Inc

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BUSINESS
October 7, 1998 | Bloomberg News
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.
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NEWS
December 9, 2001 | MARK FINEMAN, TIMES STAFF WRITER
Taxpayers stand to lose more than $200 million from the recent collapse of a luxury cruise ship company controlled by one of the country's wealthiest men but heavily supported by the federal government. American Classic Voyages Co. and its supporters in the U.S. Senate blame the aftermath of Sept. 11 for forcing it into Chapter 11 bankruptcy. But there is evidence that American Classic, the largest U.S.
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BUSINESS
October 26, 2001 | Bloomberg News
Northrop Grumman Corp. stopped building two cruise ships for American Classic Voyages Co., which will put about 1,750 employees, or 17% of the staff, at its Pascagoula, Miss., shipyard out of work. The move comes less than a week after Chicago-based American Classic Voyages, controlled by billionaire Sam Zell, filed for Chapter 11 bankruptcy protection and failed to get a U.S. government loan to complete the 1,900-passenger ships.
BUSINESS
October 26, 2001 | Bloomberg News
Northrop Grumman Corp. stopped building two cruise ships for American Classic Voyages Co., which will put about 1,750 employees, or 17% of the staff, at its Pascagoula, Miss., shipyard out of work. The move comes less than a week after Chicago-based American Classic Voyages, controlled by billionaire Sam Zell, filed for Chapter 11 bankruptcy protection and failed to get a U.S. government loan to complete the 1,900-passenger ships.
NEWS
December 9, 2001 | MARK FINEMAN, TIMES STAFF WRITER
Taxpayers stand to lose more than $200 million from the recent collapse of a luxury cruise ship company controlled by one of the country's wealthiest men but heavily supported by the federal government. American Classic Voyages Co. and its supporters in the U.S. Senate blame the aftermath of Sept. 11 for forcing it into Chapter 11 bankruptcy. But there is evidence that American Classic, the largest U.S.
BUSINESS
October 20, 2001 | Bloomberg News
American Classic Voyages Co., a cruise ship company controlled by billionaire Sam Zell, sought bankruptcy protection after customers canceled trips after the Sept. 11 terrorist attacks. Cruise bookings fell 50% after the attacks on the World Trade Center and the Pentagon and cancellations increased 30%, the company said in a statement. American Classic follows Renaissance Cruises Inc., which filed for bankruptcy Sept. 25. American Classic listed assets of $37.4 million and debts of $452.
TRAVEL
February 4, 2001 | SUSAN SPANO, TIMES TRAVEL WRITER
It spends all its time in Hawaii and is as American as apple pie. At its re-christening last December, it was renamed the Patriot, and Maggie Inouye, wife of Hawaii Sen. Daniel Inouye, broke a bottle of champagne against its side. That's the way cruise ships are welcomed--or re-welcomed--into the world. And in Hawaii, where cruising waned around 1960 as air travel became more prevalent, the Patriot arrived as a bundle of joy, promising to bring jobs and tourist dollars.
TRAVEL
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.
BUSINESS
October 20, 2001 | Bloomberg News
American Classic Voyages Co., a cruise ship company controlled by billionaire Sam Zell, sought bankruptcy protection after customers canceled trips after the Sept. 11 terrorist attacks. Cruise bookings fell 50% after the attacks on the World Trade Center and the Pentagon and cancellations increased 30%, the company said in a statement. American Classic follows Renaissance Cruises Inc., which filed for bankruptcy Sept. 25. American Classic listed assets of $37.4 million and debts of $452.
TRAVEL
February 4, 2001 | SUSAN SPANO, TIMES TRAVEL WRITER
It spends all its time in Hawaii and is as American as apple pie. At its re-christening last December, it was renamed the Patriot, and Maggie Inouye, wife of Hawaii Sen. Daniel Inouye, broke a bottle of champagne against its side. That's the way cruise ships are welcomed--or re-welcomed--into the world. And in Hawaii, where cruising waned around 1960 as air travel became more prevalent, the Patriot arrived as a bundle of joy, promising to bring jobs and tourist dollars.
BUSINESS
October 7, 1998 | Bloomberg News
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.
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