Loganair is in talks with the British government over a state bailout.
According to Sky News, UK officials have drafted in advisers to help decide the terms.
The airline is currently running flights between the Island and Liverpool, including the patient transfer service since the collapse of Flybe last month.
The company, which usually runs around 200 flights a day has had to cut its schedule by more than half as a result of the ongoing Coronavirus pandemic.
Crash closes section of the Mountain Road
Police have closed a section of the Mountain Road this morning due to a crash.
Beach hut owner praises youngsters for owning up to break-in
A Port Erin business owner has spoken out after one of her beach huts was broken into earlier this week.
Questions raised over Cair Vie Windfarm funding
Concerns over the financing of the proposed Cair Vie windfarm were raised yesterday in the House of Keys.
Crogga still owes the Isle of Man Government money
The company which planned to drill for gas off the Island's northeast coast still owes the government £22,363.
DoI says works at Liverpool ferry terminal will take longer
The Department of Infrastructure says contractors need more time to carry out work at the Liverpool ferry terminal.
Over 50 employment tribunals outstanding at the DoI
The Department of Infrastructure has 53 employment tribunals outstanding, according to Cabinet Office Minister David Ashford.
Free period products bill raises cost concerns for MHKs
Questions were raised in the House of Keys this morning about the proposed free period products bill.
Key road in Ramsey to re-open early this afternoon
A major road in Ramsey which has been shut for works will be reopening early this afternoon.
