It’s understood a financial restructuring deal has cut the Steam Packet’s debt by around half.
Although bosses are refusing to reveal the exact figures, Manx Radio understands it’s halved the amount, which stood in the region of £226 million.
Chairman Robert Quayle says the announcement was made to coincide with a public meeting held by The Ellan Vannin Line, a potential new rival to the firm.
£41K spent on encouraging people to shop local
DfE says schemes have been 'generally well received'
Baton of Hope to come back to Isle of Man
'Stand Up to Suicide' message continues to be spread
CoC 'keen' for continuity of sidecar racing at TT
Meetings to be held in coming weeks following review
2026 Manx Grand Prix to begin today
Nearly two weeks of action planned for Snaefell Mountain Course
