I beg to differ. Yes, the Holland American subsidiary that owns and operates hotels, etc. in Alaska did invest in the new WP&YR organization; but its investment was (at least initially) 10%.
Other investors were Survey Point Holdings which operates port services at a number of southeastern Alaska ports and its Seattle area.investment partners.
From the WPYR website:
Quote
https://wpyr.com/company-info/klondike-holdings-llc/
Klondike Holdings, LLC
White Pass & Yukon Route was purchased by Klondike Holdings, LLC on August 1, 2018.
Klondike Holdings, LLC is an ownership group formed of majority partner Survey Point Holdings and its affiliates and long time partners based in Seattle along with minority partner Carnival PLC.
Brian Norden