Simon Edsall said that there was ‘no hiding from the fact’ that the operator’s fleet of high-speed catamarans had provided a sub-standard service.

He spoke out as the firm faced fierce criticism over the travel disruption caused by the latest problems with the Vitesse and Rapide high-speed ferries.

During the last two weeks Islanders and tourists have faced major delays after both ferries suffered severe mechanical problems.

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