Chapter 11 : Could a Cruise Line do an American?

In the wake of the collapse of American Airline into Chapter 11 bankruptcy, I wondered if it was possible for a cruise line to perform a similar maneuver.

Now in the United Kingdom this came as a bit of a shock, the fact American hadn’t been into bankruptcy like Delta and United made us believe it was financially viable like our own British Airways, or Air France KLM. However we may have been distracted by the near collapse of Thomas Cook Group PLC, who needed to restructure its finances.
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