from this news article they have plans for 2010 and 2011http://www.masslive.com/news/index.ssf/200...d_presiden.html
Six Flags New England president: Chapter 11 won't affect Agawam theme park
by The Republican Newsroom
Sunday June 14, 2009, 5:19 PM
By JIM DANKO
AGAWAM - The president of Six Flags New England said the filing of bankruptcy protection will have no effect on local operations.
"We are absolutely not going to close," Larry D. Litton said. "We are investing in the park this year. We have plans for 2010 and 2011, when Six Flags is going to celebrate its 50th anniversary."
Litton spoke on Sunday about the amusement park company seeking Chapter 11 bankruptcy protection to reorganize and shed $1.8 billion of debt.
"It's a restructuring of our outstanding debt," Litton said. "It's got nothing to do with the day-to-day operation of the park."
Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable.
"We're continuing to hire," Litton said. "It's something we're very proud of. We hired more people this year than we ever have. ... We're probably going to add another 600 to 700 people."
He said there are more than 3,000 employees working at the park.
Litton blamed financial problems that led to the bankruptcy filing on decisions by prior management. He said the current management started running the company 3Â½ years ago.
Saturday's bankruptcy filing came after earlier plan to negotiate an out-of-court deal with creditors failed. Six Flags in April announced a debt restructuring plan, including a stock-for-debt exchange offer, intended to help the theme park operator avoid filing for Chapter 11 bankruptcy protection. The offer and consent solicitation were to expire on June 25.
If the plan failed, Six Flags warned, it would explore restructuring alternatives, which might include filing for bankruptcy court protection.
The company took that action Saturday.
Six Flags shares have traded below $1 since September. They closed at 26 cents on Friday.