The Chief Minister says he is expecting more news from Flybe within the next few days.
It follows the airline’s announcement that it is cutting four flight routes to and from the Island.
These include Southampton, Jersey, Bristol and Luton.
Earlier this month Flybe announced it would be closing its base at Ronaldsway Airport with the loss of 50 jobs.
Allan Bell says the latest news is not welcome but that it could be worse:
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Peel sewage works hits milestone
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Yoga studio applies for sign permission
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Yacht club worries over lifeboat retirement
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One nuisance cyclist ticketed in more than three years
Douglas Council says it's had 13 complaints about cyclists in almost four years.
New ministerial post created by chief minister
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Huge floating book fair to arrive in Douglas next month
The world's largest floating bookshop will be in Douglas for almost a fortnight next month.
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