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SG Flyer into receivership!

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It had to happen sooner or later! din see it being that big an attraction?

 

what next? roller coaster?

 

 

 

 

Accounting firm Ferrier Hodgson has been appointed as the receiver and manager of the company's charged assets.

 

PHOTOS

Singapore Flyer (ROSLAN RAHMAN/AFP FILES/AFP)

EnlargeCaption

 

 

 

SINGAPORE: The Singapore Flyer is in receivership.

 

Accounting firm Ferrier Hodgson has been appointed as the receiver and manager of the company's charged assets.

 

Still it's business as usual at the giant wheel.

 

Ferrier Hodgson said it is looking into identifying investors to manage and enhance the Singapore Flyer, and will ensure smooth operations at the Flyer throughout the receivership.

 

The Flyer has been an icon of the Singapore skyline since 2008.

 

The Singapore Tourism Board said it reserves its rights as landlord and will be closely engaging the various parties involved to ensure the best possible outcome that enhances the tourism sector.

 

It adds that it looks forward to a smooth resolution with minimal disruption to visitors.

 

- CNA/de

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it's more like 'others have it so we must too' kind of stuff......only been there once on a free ticket from my company.....no way I'm going to pay almost S$30 for a 30 mins ride like this........ <_<

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Maybe charge $10 and more people will go.

 

:D

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Perhaps they should forget about profits for once (gasp!) and just let STPB run the place with the aim to break even and cover maintenence/regular upgrading costs since it's "part of the singapore skyline", a "tourist attraction" and the usual wayang b-------t reasons.

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I wld suggest it roll faster [:p]

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dun worry, there are many rich people willing to take over :D

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I wld suggest it roll faster [:p]

 

 

become roller coaster? or make it a gaint spinning roulette [laugh]

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they sld freaking sell the tickets cheaply like $4 a ride so that ppl who shop around MBS will want to take the ride for fun.

 

its dumb to charge $33...ok maybe they are doing tourism business but sadly they dont want to target the mass locals. orbi good.

 

since the wheel will run daily so might as well make it cheap so can fill more ppl. dunno wat they r thinking.

 

still want to go upmarket by making it into private dining capsules...lol

Edited by Babyt

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they sld freaking sell the tickets cheaply like $4 a ride so that ppl who shop around MBS will want to take the ride for fun.

its dumb to charge $33...ok maybe they are doing tourism business but sadly they dont want to target the mass locals. orbi good.

 

since the wheel will run daily so might as well make it cheap so can fill more ppl. dunno wat they r thinking.

 

still want to go upmarket by making it into private dining capsules...lol

thot was $29.90.....didn't know that it has been increased..... [:p]

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Can charge $40....... but convert to Hotel 81 on Wheels lar... sure biz veri good... [:p][laugh]

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they sld freaking sell the tickets cheaply like $4 a ride so that ppl who shop around MBS will want to take the ride for fun.

 

its dumb to charge $33...ok maybe they are doing tourism business but sadly they dont want to target the mass locals. orbi good.

 

since the wheel will run daily so might as well make it cheap so can fill more ppl. dunno wat they r thinking.

 

still want to go upmarket by making it into private dining capsules...lol

 

TOtally agree. Make it so atas. Who want to pay? I tourist also don't want to ride. Hong kong skyline is much more impressive. People now a days been to too many high raise buildings. Don't feel trilled to ride the wheel. Even take aeroplane also feel nothing.

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I did a financial modeling for it many years back for my employer and it just ain't sustainable with those terms imposed. The location is not the greatest either

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Can charge $40....... but convert to Hotel 81 on Wheels lar... sure biz veri good... [:p][laugh]

 

 

eh if rhythmic shaking, you get resonance......can dislodge the wheel [laugh] [laugh]

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Can charge $40....... but convert to Hotel 81 on Wheels lar... sure biz veri good... [:p][laugh]

Best idea so far!

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I did a financial modeling for it many years back for my employer and it just ain't sustainable with those terms imposed. The location is not the greatest either

 

 

since when any major project work here? :huh:

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eh if rhythmic shaking, you get resonance......can dislodge the wheel [laugh] [laugh]

Cleaner will need to wipe the glasses often also.... Too leceh... [laugh]

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since when any major project work here? :huh:

 

Yeah you should look at the terms on the tender pack [rolleyes]:D

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Yeah you should look at the terms on the tender pack [rolleyes]:D

 

 

funny right? where is the so call synergy to build a successful national project?

 

 

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Can charge $40....... but convert to Hotel 81 on Wheels lar... sure biz veri good... [:p][laugh]

 

 

I'm thinking of making it a 'wheel pub', got ladies night , gay night and hunky night,... Serve liquor , music, live band, etc... Rotate faster. Maybe 20 mins one round, different capsule diff ttheme,.... [laugh]

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I'm thinking of making it a 'wheel pub', got ladies night , gay night and hunky night,... Serve liquor , music, live band, etc... Rotate faster. Maybe 20 mins one round, different capsule diff ttheme,.... [laugh]

 

 

Puke more difficult to clean then the white jelly... [laugh][rolleyes]

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eh if rhythmic shaking, you get resonance......can dislodge the wheel [laugh] [laugh]

 

then it is really Love Make(ing) in Heaven..... [laugh][:p]

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simi si receivership?

 

Means the company close shop.

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