Treasury Minister says it's 'an exciting opportunity'
Tynwald has approved the creation of an arms-length governing body to operate Ronaldsway Airport.
It comes after a report from York Aviation consultants revealed that it is running at an annual loss of £3.7million.
The Treasury Minister Alfred Cannan put the motion to members in Tynwald this afternoon.
He says he hopes an operational change will save at least £1million a year:
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