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.
Damaged crossings to be replaced
The crossings formed part of the prom regeneration scheme
MLC reiterates calls for milestone payments for new parents
Government previously said such a scheme would need costing
What have your MHKs promised you? Douglas Central
Peter Shimmin and Chris Thomas were Elected
Aldi or Lidl on the way?
British branches of the supermarket giants planning over 90 more stores combined in 2027