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.
Manx Utilities says ‘strong hedging’ strategy limits exposure to gas price surge
Chair tells Tynwald forward buying has shielded Island from volatility following Middle East escalation
Noble's Emergency Department is 'safe' but 'too small by modern standards'
Manx Care says work ongoing to manage demand in the short-term
Police investigating RTC in Laxey last month
Officers want to speak to the driver
Manx Radio reports financial loss amidst ‘continued market uncertainty’
Loss of around £20k reported by national broadcaster
