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.
Postal vote applications have to be in soon
Living far away but want to cast your vote in September's election? Time's running out!
Mum launches petition over university support
A petition's been launched calling on government to provide more support for Manx university students.
Bus services north and south face disruption later
Bus Vannin says a number of its services may face disruption this evening.
Wildlife Trust unveils woodland plans
The Manx Wildlife Trust has submitted a planning application for a new woodland in the northeast of the Island.
Deadline looms for by-election nominations
Time's running out to get your forms filled in if you'd like to stand as a commissioner in Marown.
Biker in UK hospital after Mountain crash
Police are appealing for witnesses to come forward after a crash on the Mountain Road yesterday afternoon.
Trial event closes roads in Peel and Ramsey
There'll be road restrictions in Peel and Ramsey during a motorsport event this weekend.
Requisition meeting for Garff voters
A requisition meeting will be held in Maughold next month.
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