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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Charity warns of damage to Island's international reputation
The Small Countries Financial Management Centre receives £300,000 a year from taxpayers
Businesses encouraged to fill CoC survey on minimum wage
Members encouraged to complete an online survey by 15 September
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"I'm forever indebted to the people of the Isle of Man"
Peel's rescheduled Viking Longboat Races get underway today
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