Cruise lines, early source of coronavirus infections, out of bailout package

Cruise lines, early source of coronavirus infections, out of bailout package

Like hotels and airlines, cruise companies have seen their business decimated by the coronavirus pandemic and economic shutdowns.

Cruise lines, early source of coronavirus infections, out of bailout package

But unlike those industries, major cruise operators don’t locate their headquarters in the United States, so they will not have access to $500 billion in aid for large employers in the massive stimulus bill, the industry’s trade group said on Thursday.

Language in the 883-page bill passed by the Senate says that to be eligible for aid from the $500 billion fund companies must be certified as “created or organized in the United States or under the laws of the United States” as well as having “significant operations in” and a majority of employees based in the United States.

Major cruise companies have located their primary headquarters overseas, which for years has allowed them to pay almost no federal taxes and avoid some U.S. regulations. To staff their ships, the companies rely heavily on foreign workers from the Philippines, Indonesia and India.

The industry’s trade group, the Cruise Lines International Association, acknowledged Thursday that the major cruise lines weren’t included in the package, despite providing a plan to policymakers, meeting with Vice President Pence, and a phone call from Micky Arison, chairman of the Carnival Corp., to President Trump.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *