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Vekoma uploaded these on their insta

Yeah it’s now owned by the same guy as the rainbow (march’s), it’s just started doing shows again this year. Hasn’t hit any majors yet though unfortunately hopefully that changes in the future, there is a dearth of good rides at major shows these days beyond your generic swing and spew crap. Would love to see taipan (and rainbow when it’s up and running) back at the Easter show one day

I can also confirm this, knowing the people working on this project. It's not quite ready just yet, but they are now working on this a bit more actively now that Taipan is up and running. I know that the Rainbow has been one of their passion projects for a while now, and I can't wait till it's finally up and running.

It appears so.

I believe they are still working on it, operating off a reliable source who works in the industry. Spent money on blasting the steel relatively recently, they’re not binning it if they spent money on that. It’s also fibreglass, they can easily just get a third party to make new fibreglass parts it’s not that complex, and the restraints are getting changed heavily to bring the ride up to code anyway so this means nothing. The owner has just spent a bit of money doing up Taipan that’s only just started going around the show circuit so this has sat on the back burner for a while

Who are Vekoma? Oh it's the same thing as Vekoma Rides Manufacturing B.V.