Six Flags gets court approval to run Jazzland for the season

Posted Friday, May 31, 2002 9:14 AM | Contributed by bigboy

U.S. Bankruptcy Court confirmed Six Flags Inc. Thursday as the operator of Jazzland Theme Park and approved an additional $1.2 million in financing for the park to operate for the rest of the season. The appointment of Six Flags as management of the park is the first step toward eventual acquisition by the amusement park giant.

Read more from the Times-Picayune.

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Friday, May 31, 2002 11:00 AM
Hopefully this will give Jazzland some stability. Say what you like about Six Flags, it is a financially sound outfit.
Friday, May 31, 2002 11:38 AM
That has TWO BILLION dollars in long-term debt.
Friday, May 31, 2002 1:10 PM
Every company that is growing has debt. Normally I'd think it's bad if a company has no debt, that would mean they are not expanding at all, but probably selling off a lot of things.

Whats more reliable? Deja Vu, or RCT running without a error trapper?

Friday, May 31, 2002 1:37 PM
Debt alone is not a key indicator of financial stability. There outstanding debt in relation to their assets, market cap, and revenues are more important numbers than just the total debt they carry. I think that Six Flags is stable, and at the very least they are far more stable than any other outfit that stepped up to purchase Jazzland.
Friday, May 31, 2002 6:05 PM
I would say that Six Flags is in no danger of having financial problems. There parks have been packed, the season pass line is still an hour long at SFA, and service and appearance has been greatly improved.
Try the themepark diet now! Just walk vigorously around large parks for a week. "It really works!", says I-Fan who lost 1 inch off his waist in a week while in Texas.
Saturday, June 1, 2002 10:46 PM
Well think about it. Our country has a huge debt and are we going bankrupt any time soon.

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