Long-running speculation that Royal Caribbean Cruises Ltd. could be taking an interest in Festival Cruises -- or any other European operator -- were squelched today by chairman and ceo Richard Fain.
‘It’s no secret we’re looking to expand in Europe,’ Fain told analysts during this morning’s earnings call, noting that the company has grown within its existing operations. ‘We’re not currently in any discussion with a European brand,’ he added.
Recently published reports quoted a Festival spokeswoman in Genoa as saying that Royal Caribbean has shown interest in the troubled company.
During today’s call, Royal Caribbean management also noted that the Island venture with First Choice is performing better this year.