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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RNLI's last serving Mersey class boat visits the Island
12-20 Leonard Kent to be retired
No speed cameras being installed on Island, insists infrastructure minister
Work due to start installing 20mph speed limit signs in Douglas and Onchan
Audiology drop-in clinics to resume
Manx Care thanks service users for their 'patience during the temporary pause'
Former air traffic controller speaks out about airport issues
Mannin Line caller questions infrastructure minister over Ronaldsway 'special attention' status
First in series of 'Isle be Ready' sessions to take place next month
Representatives will share practical advice