Singapore Flyer in receivership

Clivebenss SG

POSTED: 28 May 2013 7:04 PM

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

Clivebenss SG

so fast kaput.

FireIce SG

tot got see fengshui one?

supposed to bring in $$$ rite?

Rednano SG

$30 for 30 minutes per round.

So expensive.

Deacon Blue SG

a few possibilities

maybe running out of juice, no more new stuff about the palce to attract people, stuff and services too expensive, rental for the shops and facilities there too expensive, cannot be labor hor- all so cheap ones working tehre already

Summer hill SG

The Flyer is only good at as a gaint fan to blow away indonesia smoke

FireIce SG

lehlong lehlong $5/round lah

sure many ppl go take

including me.

Deacon Blue SG

the flyer is targeted to tourists. if sgreans wants take also have to pay same price.

they should have some public events there to attract crowds and the occasion tourists who might be there.

veron soh SG

$30 for 30 minutes per round.

So expensive.

$30 for 30 mins is for members of public,the Flyer sold tickets to travel agency for as low as $12 only,then these 'touts' sold them at Little India at $20 per ticket.

TehJarVu SG

make it turn fast fast lah like a rollercoaster more exciting

every person can go 5 rounds pew pew pew

GHoST_18 SG

im surprised it lasted that long

FireIce SG

shun bian fix a dynamo there and generate electricity

dun waste

Deacon Blue SG

again another phail tourist attraction.

they only target those 3rd world coctry people like ahtiongs who never take ferry ride before, like sgreans have been taken for a ride many times already they still think the tourists will be like us like to be taken for rides again and again.

should have more casinoes that can geenrate revenue.

lastets in the news they dont see permananet banned as a good solution to addicts to gambling, becasue they say ther eare other avenues to gambling even if they ban them so dont ban better.

hungry for money until people's addiction also dont care!

Meia Gisborn SG

Turn it into a casino. Problem solved.

jojobeach SG

London eye is in the city. with MRT nearby. Lots to do around the eye. A the river Thames similar to clark quay within walking distance, restaurants, shopping etc . River boat service and plenty of taxis to bring the money in.

Pricing : 20-37 pounds..( adults )

It is a very popular ride , with double loooong lines . People even paid extra to get priority boarding.Yes it was that crowded.

Singapore eye.. : pricing so so... what? 3 yr old kids pay $21 ??? they won't even remember anything ! Not family friendly at all.

...hard to get to...too out of the way ...low cost public transport limited.... 5 mins walk from MRT in that hot sun ? No thanks.

$4 one way water taxi ? Round trip for a family of 4 will cost them $32. Ouch.

Nothing much to do after the 30 mins ride...... not within walking distance to anything else interesting.

Want to copy also fail. Can we please come up with something creative and unique instead ?

Rednano SG

Analysts noted that the Singapore Flyer was not attractive to locals and did not encourage repeat visitors while tour agents also told The Straits Times that the ticket prices were too expensive and some had stopped taking tourists there.

^Acid^ aka s|aO^eH~ SG

tot got see fengshui one?

supposed to bring in $$$ rite?

风水轮流转...

shirt_less SG

tot got see fengshui one?

supposed to bring in $$$ rite?

the fengshui benefitted the neighbouring buildings!

FireIce SG

blow all the money to MBS and F1 liao

Valentine21 SG

Haven gotten a chance to ride it yet.