Correct, ethics are a rarity in business, which is exactly why they should fund their own business with their own money. I don't think many would really give a flying fig how they fund it, but fund it they should without State aid.
I wouldn't be surprised if MUA give them some credit, IOMG is soft like that.
COMIN, if they haven't already, should be preparing to step in to operate/supply/guarantee supplies to their share/stakeholders (the Great Manx Taxpayer).
As has been pointed out by me and others on here.... what the feck have they done with all the profit they have made over the years?