Harland & Wolff axes Scilly fast-ferry service as it agrees £20m loan
by Rob Davies from World news | The Guardian on (#6PN8J)
Fast catamaran to be returned before entering service as stricken shipbuilder winds down non-core businesses
A ferry service to the Isles of Scilly has been axed before carrying a single fare-paying passenger, as the struggling operator Harland & Wolff winds down all non-core businesses.
The stricken Belfast-based shipyard company that built the Titanic, announced the closure of its Scilly Ferries subsidiary on Thursday, as it confirmed details of a rescue funding deal with its lenders, led by a US investment firm.
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