The chairman of the Steam Packet says the company is now on a sounder financial footing after significantly reducing its debt.
That debt stood in the region of £220 million three years ago.
But after a year of negotiations with its syndicate of lenders, Robert Quayle says the company can now plan for the future with confidence.
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Mountain Road closure extended for additional 24-hours
The Department of Infrastructure is completing carriageway repairs
Manx Care issues service update ahead of TT
It's the 'busiest time of the year for our health and care services'
Weekend road closures in place for Pre-TT Races at Billown
Racing set to continue in the south of the Isle of Man
Feedback sought on health and safety laws
Regulations have not been reviewed or amended in over 20 years
Entries open for Sovereign Art Foundation student art prize
The winner gets £800 for themselves and £2,000 for their school