Six Flags can use lenders' cash during bankruptcy

Six Flags Inc., the owner of 20 theme parks that hasn't posted an annual profit since 1998, won court permission to spend the cash held as collateral for its lenders.

U.S. Bankruptcy Judge Christopher Sontchi overruled objections from lender Avenue Capital Management II L.P., owed about $100 million by Six Flags, saying that it didn't have a right as a minority lender stop the company from using the cash it generates to keep operating.