Easterns J41s are all ex Manx Airlines. Time for the IOM to be in control of their own small airline again. The Island has a healthy biz jet register, just increase the levy on them and put it to running a couple of 19 seater aircraft, along with the hospital subsidy it pays for the LPL service you are nearly there!
I believe the Saab service to LCY is subsidised by a offshore internet gambling site. It could be done with out taking coffers from local projects.
PB