Exhibit 10.2

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Carnival Corporation & plc             Issue Date:   February 21, 2006
CORPORATE AVIATION                     Approved by:  Carnival Corporation & plc
ADMINISTRATIVE POLICY STATEMENT                      Compensation Committee

2. USE OF CARNIVAL CORPORATION &
   PLC ("Company") AIRCRAFT
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      1.0   PURPOSE

      1.1   To establish procedures and controls as to the authorized use of the
            Company's aircraft.

      2.0   SCOPE

      2.1   This policy applies to all Company owned or chartered aircraft,
            including short-term charter arrangements.

      3.0   PROCEDURE

      3.1   Each usage of the Company aircraft requires the written pre-approval
            of the Carnival Corporation & plc Chairman of the Board of Directors
            ("Chairman") or Vice Chairman of the Board of Directors ("Vice
            Chairman").

      3.2   For each flight an onboard travel form must be completed and signed
            by the Chairman, Vice Chairman or the Chief Pilot, if neither one of
            them is onboard. This travel form will indicate, among other things,
            the purpose of the trip, identification of all passengers, including
            whether business or personal, tax responsible person for personal
            guests, etc. All personal travel will be reported as taxable
            compensation to the responsible person in accordance with the IRS
            rules and regulations (see section 5).

      3.3   The Company's aircraft can only be used for business purposes,
            except as noted below. Only the Company's Chairman and Vice Chairman
            (with the authorization of the Chairman) are authorized to use the
            aircraft for personal travel, and can be accompanied by their
            guests, provided the Chairman has approved such use in advance. Any
            personal use of the aircraft, under the rare circumstance when the
            Chairman or Vice Chairman are not on board, is limited to persons
            specifically authorized by the Chairman.

      4.0   RESPONSIBILITY FOR COMPLIANCE

      4.1   The Aviation Department Chief Pilot is responsible for obtaining the
            appropriate written approvals from the Chairman or Vice-Chairman.
            The Chairman and Vice Chairman are responsible for compliance with
            this policy.

      5.0   PERSONAL USE

      5.1   No pre-determined annual limit for personal use of the Company
            aircraft shall apply to the Chairman or Vice Chairman.

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      5.2   Personal use of the Company aircraft is required to be reported in
            the Company's annual proxy statement/remuneration report and may be
            taxable, as appropriate. Such amounts of personal use shall be
            calculated utilizing an approved formula for calculating incremental
            costs for such personal usage. This shall be calculated by the
            Finance Department and generally includes the following:

            a.    Fuel and lube;

            b.    Maintenance and pre-flight inspections;

            c.    Cabin consumables;

            d.    Catering; and

            e.    Other flight expenses, including but not limited to: airport
                  handling, routine maintenance, aircraft certification, crew
                  accommodations, and crew per diems.

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