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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Airport confirms security machines will also be upgraded ahead of TT
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DoI's efforts to tackle bitumous material spill continue
Government says there's 'no truth' to Palace Hotel rumours
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Tributes paid to former Chief Fire Officer Godfrey Cain
Mr Cain was one of many responders to the Summerland Disaster
Progression of Reproductive Rights Bill unanimously backed by MHKs
Legislation seeks to bring laws up to date with the UK to give people here equality