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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Michelle Mone-linked PPE firm liquidated and unlikely to repay £148m
Judge Sebastian Prentis placed the company into liquidation
Yellow weather warning for coastal overtopping
Water and debris likely to impact coastal routes around high tide
Proposed new laws would support homeless people on the Isle of Man
Government seeks feedback on introducing new legislation
DESC chief officer to retire in 2026
Graham Kinrade has been in charge of the department since 2020