Royal Caribbean Cruises Ltd. announced today that it had agreed to sell its 50 percent interest in Island Cruises to First Choice Holidays Ltd., the other 50 percent owner in the joint venture and a subsidiary of British-based tour operator TUI Travel PLC. As part of the transaction, RCL and TUI agreed to an early termination of the charter of Island Star, one of two ships in the Island Cruises fleet.
Royal Caribbean Cruises Ltd. to sell its interest in Island Cruises to First Choice Holidays Ltd.