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Six Flags CEO: Parks are "stronger than ever"

The CEO of Six Flags has claimed in a new interview that "no matter what happens this year, we will be able to pay our bills".

Mark Shapiro made the claim in an interview with Robert Niles on ThemeParkInsider.com. It follows the company's recent admission that it is seeking a deal to restructure its massive debts. If a deal is not reached, the company could face bankruptcy proceedings.

Shapiro goes on to claim that the company has $200 million of "cash in hand", and that it will continue the investment streak that last week saw it announce a $10 million upgrade to the Texas Giant rollercoaster at Six Flags Over Texas.

Six Flags has struggled for years with massive debts, which were built up when previous owners Premier Parks invested hundreds of millions in expanding the chain. Shapiro claims that the company will deal with the issue in 2009, and that "you won't hear this complaining or reporting about debt in 2010".

To see the full text of the interview, follow the "source" link below.


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