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.
Local mobile catering company Filbey's to call it a day
Business says there 'isn’t one single reason behind the decision'
Ramsey Rocks event cancelled
It was due to be held on Sunday
MWT plans to plant almost 10,000 trees
Cronk-y-Chule was purchased by the charity in April 2026
Duck off: Chinese takeaway on the hunt for bigger ducks
Business feels quarter option isn't offering 'good value'
