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About SelectSys

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    Cool Cruiser

About Me

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    North County San Diego

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  1. I tend search for cruises on ships that are Radiance class and higher. I also tend to search for cruise longer than 7 days. After that it becomes a combination of factors as are listed above - price/day, duration, ports, etc.
  2. Don't see the "spin" in these stories. Creating a leasing arm, hiring people and selling aircraft seem like prudent strategies to me. A business can't survive without reacting to their operating climate. The story you cite was "old news" and I take it as another sign that the company is taking its survival seriously. The cost cutting measures are well known and ongoing.
  3. Super low likelihood of being caught up in anything. Tijuana, the Mexican city closest to me, just set a crazy record of about 3,000 murders last year. Most were related to gangs fighting gangs in areas of the city where I don't go as a visitor. I do worry personally sometimes about "secuestracion," or kidnapping by gangs as I do know people who have experienced this issue personally and have actually lost family members. This, however, will not happen on a cruise excursion as the gangs know not to mess with tourists in groups.
  4. Some of you know that I am a big fan of Norwegian Air Shuttle and I am cheering for its success. Here are some recent stories: Norwegian's order book of the most popular aircraft types may turn into a profit center if the demand for air travel continues to stay strong. See this story: https://www.ttgmedia.com/news/news/norwegian-air-finds-partner-to-take-surplus-aircraft-16921 More investment in the UK - this time looking for airline management talent: https://www.bloomberg.com/news/articles/2019-02-06/norwegian-air-shifts-long-haul-hq-to-london-in-search-for-talent Order deferrals to reflect new realities of growth: https://www.rte.ie/news/business/2019/0206/1027813-norwegian-air-numbers/ I like the fact that they only delayed the A321LR orders one year. I think this aircraft will end up being a huge winner for its operators - including Norwegian. One more link suggesting that Ryanair and EasyJet are trying to keep the pressure on to cause more defaults: https://www.thisismoney.co.uk/money/markets/article-6679529/Crisis-airline-industry-deepens-Norwegian-Thomas-Cook-Flybe-hit-fresh-turbulence.html
  5. I see talk of looking for a Birmingham travel agent, but I am curious why you don't just fly from Birmingham? I see round-trip flights in August for 650 GBP on SWISS and Lufthansa. While I generally like to avoid connections, the convenience of flying from your local airport is worth something as well - especially if the price and connections are good. I like the SWISS flight the best as Zurich is a simple airport with respect to connections. Other options exist as well if you want a ME3 carrier like Qatar or Emirates.
  6. Today's story: Brexit to blame for no sale being consummated between IAG and Norwegian last December? http://www.cityam.com/272583/sale-airline-norwegian-fell-through-because-brexit-chairman For those looking at flights, Norwegian made it much easier to search for low cost premium seats on their web site. It used to be that only economy seat prices were available in the monthly fare view and now premium seats are visible as well. Good move by Norwegian to help those budget conscious travelers looking for premium economy style seats. Check it out: https://www.norwegian.com/us/offers/new-year/
  7. My comments have all along been that Norwegian is currently a viable travel option for passengers. It was a viable option when I first made these comments and it most likely remains true through the end of 2019. Nothing rosy in that. The key point is whether Norwegian survives as currently structured over the long term doesn't really matter for travel plans in 2019. The article I cited suggested 2019 would likely be OK for them from a financial perspective. Remember, the maximum booking period for any airline is about 11 months and I personally don't buy tickets before 2-3 months before my planned travel date. My only exceptions to this rule are for travel on Volaris (an ultra-discount Mexican carrier that has a base in Tijuana) and for award travel. Finally I still haven't counted them out in the long term. Thanks to the US shale production, oil prices will continue to be moderated and take away most of that risk. Norwegian's name recognition continues to grow in my local market and others. More and more people that I know are using them personally as an alternative to legacy carriers. I also understand that Lufthansa might be interested as a way of attacking IAG via Norwegian's Gatwick presence. Will all this be enough? I don't know. Am I investing more in Norwegian other than a premium class ticket for spring time travel? Of course not. https://en.wikipedia.org/wiki/John_Fredriksen Looking at Fredrisken's wikipedia page suggests he has been on a losing streak with his wealth peaking at over $11 billion in 2013 and now estimated at $7.1 billion by Forbes. I am sure he is a personal friend of Kors and the investment is more than just about money: https://finance.yahoo.com/news/norwegian-air-raise-353-million-072706940.html I always remember Bob Crandall's famous statement about never investing in the airline business: "I've never invested in any airline. I'm an airline manager. I don't invest in airlines. And I always said to the employees of American, 'This is not an appropriate investment. It's a great place to work and it's a great company that does important work. But airlines are not an investment." We'll see if Bob is still right! Finally a new story from Forbes: https://www.forbes.com/sites/heatherfarmbrough/2019/01/31/throttling-back-norwegian-changes-course/#3161d8296ade BTW Globaliser - glad to see you back after a holiday? break. I always find your posts entertaining which is what this whole site is about.
  8. Just curious how long the transfer to the park takes? Does the ferry go right to the park or do you first go to Playa del Carmen?
  9. Can't see behind the FT paywall, but the article behind the link below suggests they will be flying through summer with more capital raises required to get through 2020 https://www.irishtimes.com/business/transport-and-tourism/what-has-gone-wrong-at-norwegian-air-1.3775965 Daniel Roeska, analyst at Bernstein, said the equity raising was almost inevitable. “There’s no way they could have made it through Q1, and that made this not a choice but a necessity, otherwise the bonds go bust at the end of March. “I don’t think, if you want to get until the end of 2020, this will be the last cash or equity injection they need.” The good news in what I see here is that the capital raise should keep them flying through this year's cruise season and perhaps beyond. Picking up Norway's richest man as an investor can't hurt either, even if it is n ego or patriotic play. Say what you want about the viability long term, but Norwegian offers a great value right now with only a very small modicum of shut down risk. As I have stated from the outset here, I see no problem buying tickets for travel over the next several months which is furthest out I tend to book travel in any situation - other than awards.
  10. My expectation is that airfares will remain low if Norwegian stays in the market. I just looked at prices for LA-London and LA-Paris. Round trip airfares are around $500.00. The price spreads in Paris between Norwegian and Air France can be stunning with fare differences of more than $2000.00
  11. I am not sure if it is practical for a cruise ship visit, but Cabo Pulmo offers good snorkling for the west coast of Mexico.
  12. Take your pick as many are located near the port. Here is a google map link showing various ATM locations: https://www.google.com/maps/search/banco/@20.6529426,-105.2452124,16z/data=!3m1!4b1?hl=en My favorite bank in Mexico is Bancomer and they have an ATM at Walmart.
  13. IAG/BA is walking away from Norwegian. The stock in Norwegian had been supported by IAG's holding in the company. I guess IAG/BA believes they can drive them into a hard shutdown. Now things will be even more interesting. https://www.bloomberg.com/news/articles/2019-01-24/british-airways-owner-iag-says-it-won-t-bid-for-norwegian-air Another comment from today: https://www.breakingviews.com/considered-view/iag-is-surprise-first-loser-in-airline-fuel-casino/
  14. New news/commentary - https://simpleflying.com/norwegian-cost-cutting-continues/
  15. I personally wouldn't have any issues walking this route - especially during the day. Mazatlan doesn't want to become the next Acapulco. Enjoy your trip!
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