Cruise Community (registration required) is reporting that Carnival Corp has completed a deal to sell Windstar Cruises to Ambassadors International for $100 million. Ambassadors International purchased Delta Queen Steamship Company last year and merged it with American West Steamship Company to create Majestic America Line. Carnival CEO Micky Arison is quoted as saying that the company decided to exit the niche cruise market some time ago. That strategy began with the transfer of Swan Hellenic's Minerva II to Princess Cruises. Minerva II will not be replaced, and as a result the line will be shutting down once the transfer of Minerva II is complete in a few weeks. According to Mr. Arison, while both Swan Hellenic and Windstar Cruises offer excellent products they do not fit into the company's future growth plans. Carnival expects the transfer of Windstar Cruises to be completed in the second quarter.
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