Delaware - Six Flags has filed for chapter 11 bankruptcy in a Delaware court Saturday. The company operates amusement and theme parks across the U.S., Mexico and Canada has filed for chapter 11 bankruptcy in an attempt to revamp the company and slash over $1.8 billion in debt.
6 Flags reports that the bankruptcy will not affect there day to day operation of the business and it’s amusement parks will stay open as usual.
The company reports that the filing comes despite a good 2008, in which the company cut its net loss to $135 million from $275 million a year ago. Its net loss for the first 3 months of 2009 narrowed nearly 7 percent from the same time in 2008, to $146.3 million.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.