Essential facts you need to know

Combined profit last year £28 million for Wightlink and Red Funnel making the ferry business by a huge margin one of the most profitable on the Island.
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Yet up to 60% of these profits are used to pay interest on very high debts from mainly overseas banks.
Third party debt with overseas banks – Wightlink owes £195 million and Red Funnel owes £80 million.
There has been no debt repayments and there is no prospect of any debt repayments.
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Profits keep rising:
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Limited competition = short term profit maximisation

There is limited competition on price and service.