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.
Road closures for Manx Motor Racing Club from next week
The Manx Motor Racing Club has announced three road closures as it holds its annual hill climbs next week.
Dinner event raises over £3,600 for brain tumour charity
A dinner event has raised more than £3,600 for a local charity.
Man admits to assaulting police officer before Court
A Douglas man who assaulted a police officer after drunkenly falling and injuring himself has avoided being sent to prison.
Ramsey's Roisin in the semi-finals of BBC One show
A woman from the Isle of Man is through to the semi-finals of a BBC tv show.
Help needed to care for birds at Nobles Hospital's aviary
A charity is looking for a volunteer to take over an aviary at Noble's Hospital.
Nearly two tonnes of meat thrown away so far this month at meat plant
Isle of Man Meats has thrown away almost two tonnes of meat so far this month.
ITV show featuring Samantha Barks won't return for second series
A TV show featuring Samantha Barks has been cancelled after one season.
Douglas man who assaulted victim in own garden appears in Court
A neighbour dispute resulted in an assault on a man in his own garden.
