Regency Travel says it will complete its government obligations for the TT and Festival of Motorcycling.
The travel agent, which is the official provider of travel and accommodation for the Department of Economic Development, announced it was closing down yesterday.
Bookings will still be taken for both motorsport events - the contract with government is due to terminate in September.
Nine staff will lose their jobs when the business shuts later this year.
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High ground could see 4 inches of snow on Saturday night
Mountain Road unlikely to open before Monday
Yellow warning for freezing temperatures tonight
School bangers night called off
AK47 and Uzi handed in to police