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The company was established by Torstein Hagen in St. Petersburg, Russia as Viking River Cruises in 1997. Hagen had become involved in cruising as a McKinsey and Company consultant who helped the Holland America Line survive the 1973 oil crisis, then was CEO of the Royal Viking Line from 1980 to 1984, made money in the Russian private equity markets, then bought a controlling stake in a Dutch ...
Established in 1975, Cruise Lines International Association (CLIA) is the world's largest cruise industry trade association based on the number of passenger cruise ships operated by its members. However, there is a significant proportion of the wider cruise industry which does not subscribe to CLIA's member body and which transports a ...
In May 2013, the company announced plans to start an ocean cruise division and changed its name to Viking Cruises. [ 8 ] [ 9 ] Its first ocean cruise was launched in 2015. [ 10 ] As of 2016, Hagen has disposed of 23% of Viking Cruises to TPG Capital and the Canada Pension Plan Investment Board for a total of $672 million. [ 6 ]
Viking, which has $5.4 billion in debt, is planning to go public next week. ... Viking Holdings, the European cruise line operator, is seeking to raise more than $1 billion in a public offering ...
Advance Provisioning Allowance (APA) is an advance payment required to be made to fund estimated boarding costs of the charter price used to cover the costs of yacht preparation, requested supplies, port, mooring and other legal charges and fees, diesel and fuel, communications, crew gratuities, extras and depends on guest particular request for services, itinerary, food, beverages etc. [1] [2]
Ville Viking is a white ship's cat in a sailor's outfit. Ville Viking cabin. Ville Viking is the mascot of Viking Line, which is used as an icon for activities for children passengers, marketing and merchandising. The white ship's cat figure appears on ships and Viking Line's marketing events at least in Finland and Sweden. [34]
Royal Viking Star was stretched in 1981, followed by Royal Viking Sky in 1982 and Royal Viking Sea in 1983. The lengthening of the ships improved both their profiles and their economics. In 1984, Torstein Hagen arranged a $240 million management buyout of the company, with the assistance of venture capital firm JH Whitney [citation needed].
In 2003, Rich Barton resigned as CEO and was replaced by Erik Blachford. [9]In December 2004, Dara Khosrowshahi was announced as CEO. [10]In March 2017, Chelsea Clinton was named to the board of directors of Expedia, with compensation of $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.