Singapore Flyer enters into receivership

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Singapore Flyer enters into receivership

Postby tankee » Tue May 28, 2013 8:21 pm

Receivers and managers have been appointed over the charged assets of Singapore Flyer Pte Ltd, the company behind the iconic tourist attraction in the Marina area.

In a statement, Tim Reid from recovery firm Ferrier Hodgson said: "We are confident that we will be able to identify investors with the vision to manage, diversify and enhance the Singapore Flyer, thereby securing its long-term future as a significant Singapore attraction."

He said Ferrier Hodgson will be calling for expressions of interest shortly to commence the process. He added that "it is business as usual at Singapore Flyer, and we look forward to the support of the management and staff through this process"....

http://www.straitstimes.com/breaking-ne ... ement-2013

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Re: Singapore Flyer enters into receivership

Postby ChiefKiasu » Wed May 29, 2013 7:30 am

I can't say I'm too surprised. I think to many people, it's like paying money to sit in a lift that bring you back to the same floor that you embarked.

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Re: Singapore Flyer enters into receivership

Postby tankee » Wed May 29, 2013 8:05 am

ChiefKiasu wrote:I can't say I'm too surprised. I think to many people, it's like paying money to sit in a lift that bring you back to the same floor that you embarked.


:idea:

It is not the destination, but the journey there.

Getting there is half the fun

:scratchhead:

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Re: Singapore Flyer enters into receivership

Postby limlim » Wed May 29, 2013 8:16 am

It's too expensive lah..

If $5/pax, sure overcrowded and long queue..

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Re: Singapore Flyer enters into receivership

Postby BeContented » Wed May 29, 2013 8:30 am

No wonder dd was telling me about it last night. Think there is some offers as the whole p6 are going today in different sessions.

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Re: Singapore Flyer enters into receivership

Postby Nebbermind » Wed May 29, 2013 8:39 am

Looks like another Tang Dynasty.

It will only survive if they force MBS to adopt it.

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Re: Singapore Flyer enters into receivership

Postby csc » Wed May 29, 2013 8:50 am

The ride is very boring and the scenery static. I saw some tourists yawning while up there. I will consider hard even if the ride is free .

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Re: Singapore Flyer enters into receivership

Postby looking4Tutor » Wed May 29, 2013 9:29 am

They should spin the flyer at 300kph.

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Re: Singapore Flyer enters into receivership

Postby Dora1 » Wed May 29, 2013 9:34 am

I've only been up there once, bringing some overseas guests. at $1 per minute, totally not worth it. And 30min is really quite long, cos I was trying to explain and introduce the different landmarks that can be seen from up there. After 20 min, I already ran out of things to say. End up for the last 10min, it was talking about work.

Now my company is offering free passes to go there. But even then I won't bring my family, it's just plain boring.

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Re: Singapore Flyer enters into receivership

Postby php » Wed May 29, 2013 9:38 am

just wonder whether they did a feasibility study before building this huge white elephant....

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