Flybe is being bought by a consortium including Virgin Atlantic and Stobart Group for £2.2million.
The Exeter-based airline put itself up for sale after announcing in October it expected to lose £12million in 2018.
The airline operates several UK routes from the Isle of Man including Liverpool and Manchester.
The BBC reports the consortium, known as 'Connect Airways', will initially lend Flybe £20million to support its ongoing operations.
Commissioners say “pick up your pooch’s poop!”
Port St Mary commissioners have issued a plea for dog walkers to show some local pride and clean up after their pets.
Historic Manx one-pound notes up for auction
Two unique banknotes could fetch as much as 150 times their face value this weekend.
Is the Island ready for 100,000 people?
How will the Island's schools and health system cope with 100,000 people?
Set your alarms! Young Farmers Concert tickets on sale this weekend
Tickets to one of the Isle of Man's most-anticipated theatre events will go on sale this weekend.
Treasury Minister says a tax threshold rise could cost £2.5m
Treasury Minister Chris Thomas says more work would be done to calculate how much raising income tax allowances would cost the government.
Snow shuts the Mountain Road
The Mountain Road has been closed today due to heavy snow and dangerous driving conditions.
Stop putting knives in recycling, says council
Douglas Council is asking people not to put knives in recycling boxes.
Bee Gees to release limited-edition box set
The Bee Gees are to release a special collector's set of their biggest hits this month - including previously unreleased material.
