Deal to safeguard 'strategic sea services'
A state-owned Steam Packet would be better for passengers as well as the economy, the Chief Minister believes.
Howard Quayle has advocated a government takeover of the company since he first stood for the House of Keys in 2011.
Tynwald will be asked on Tuesday to approve the use of reserves to purchase the Steam Packet at a cost of £124 million.
Mr Quayle says the deal will safeguard the Island's 'strategic sea services'.
Fundraiser for TT rider Maria Costello surpasses £220k
Motorsport legend is currently paralysed after breaking her back
Warmer than average May for Island
239 hours of sunshine recorded in the month
Manx BirdLife awarded funding for new warden
Over £28,000 provided by Dormant Asset Fund
Increased DfE support 'to tackle rising costs and global pressures'
Expanded eligibility and increased funding for support schemes
Police appeal after two motorcycles involved in collision
Incident saw Tholt-Y-Will backroad closed for several hours