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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Overnight sailings cancelled due to adverse weather
7:45pm Manxman crossing and its return have been called off
Rapist who 'terrorised' his victim told his sentence was 'entirely justified'
Fayle jailed for 18 years and 9 months
Complaints process for health system changed
Patients told to direct concerns to service used
Discovery of oiled birds 'makes a mockery of our biosphere status'
Manx Wild Bird Aid say it's a recurring problem in Peel
