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.
Review of Island's schools finds strengths and areas for growth
Etio publishes second annual overview
'How should Government talk to you?'
Cabinet Office launches survey asking how it should communicate with young people
Laxey business owners hand keys to employees after 22 years in village
"It’s been a real honour to be a part of so many lives"
Overnight sailings cancelled due to adverse weather
7:45pm Manxman crossing and its return have been called off
