How's Vekoma Doing?

Tuesday, September 18, 2001 7:28 AM
Considering that 2 of the three Deja Vu's are running, have vekoma's money troubles cleared up?
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Tuesday, September 18, 2001 7:34 AM
Latest reports I'd heard were they gave most their employees notice to head home a few weeks ago.  Even if Six Flags pays them, the bad publicity of these rides seems to have dissipated any interest on behalf of prospective buyers to place new orders.  They might square away their debts but still be bankrupt. 

*** This post was edited by Fierce Pancake on 9/18/2001. ***

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Tuesday, September 18, 2001 8:46 AM
Bankruptcy in itself does NOT spell the end of the company, although a reorganization of some sort is VERY likely...
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rollergator - intent on improving the "guest experience" - coming soon to a park near you
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Tuesday, September 18, 2001 8:49 AM
They should be fine after all three DeJa Vus get paid for.
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Don't Fight it, Ride it, RAGING BULL!
My Top 5 Coasters:
1. Raging Bull 2.Millenium Force
3. V2 (SFGAm)
4. Viper (SFGAm)
5. Cornball Express /Raptor
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Tuesday, September 18, 2001 12:35 PM
Yeah, but I heard that X-Flight and Batwing haven't been paid for either.
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Tuesday, September 18, 2001 12:47 PM
I would think the Vekoma would get paid after all 5 of the new Six Flags coasters are up and running as originally promised.
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Tuesday, September 18, 2001 4:35 PM
All they have to do is allow an outside source do their financing instead of doing it in-house. probelm solved.

Chance rides did their own financing, and where did it put them? In the same boat. (or in Chances case, the same viking ship)

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Tuesday, September 18, 2001 7:02 PM
I'm sure even if they had an outside financing company the result would not be materially different. No financing company or park for that matter is going to commit to a contract that provides full payment to the contracter before the job is completed. The format would most likely be similar to a construction loan, where only the amount necessary for construction is forwarded and the remainder is witheld until permits of occupation, or in this case operation, as issued. Think alternatively about if you were to have a house built, you wouldn't give full payment until your house was completed. If you did the contracter has no incentive to finish the details or work out the bugs in the project.
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Wednesday, September 19, 2001 6:40 AM
And remember that X-Flight and Batwing are not yet operating at a capacity anywhere near design.  I'm sure that Six Flags has an issue with that.
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Wednesday, September 19, 2001 7:04 AM
Rumor has it that other companies are making bids on the Vekoma designs, it doesn't sound as if they are planning to make a comeback in their current form.
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