The Steam Packet Company has refused to reveal its level of debt saying it is ‘irrelevant’ for the information to be in the public domain.
Yesterday it announced it had reduced the amount of money it owed significantly by carrying out a financial restructure.
The restructure was achieved without the need for government funding and the company says this in itself is an achievement meaning Island ferry services do not require external support.
Chairman Robert Quayle says the public doesn’t need to be told the figures involved:
Illegal immigrant turned back at Manx border can't stay in UK
Bank scammers warning as calls target Island residents
Island to extend UK VAT cut on power, says Treasury Minister
Woman thanks mystery van driver after daring sea rescue
Stay off damaged slipway in Laxey, says local authority
MHK sues attorney general and returning officer over election votes
Islanders reminded to keep challenging domestic abuse beyond October
Comments
Add a comment