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.
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MHK given leave to introduce free period products bill
Joney Faragher says move will bring IOM in line with other jurisdictions
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Hearing held into controversial clause which authorities say could give DOI 'carte blanche' powers
Constabulary launches Operation Uplift, tells road users 'make sure you're bright at night'
A few simple steps can make a big difference
