THE FastCat service is not financially viable or necessary at the moment — according to the Isle of Wight Transport Infrastructure Board.

This echoes the words of chief executive Keith Greenfield who said last week the service would not yet resume following lockdown.

However, the move has upset commuters — as pointed out by Cllr Wayne Whittle earlier this week.

The board said today it was closely monitoring cross-Solent foot passenger numbers with a view to the reinstatement of Wightlink's FastCat service as soon as demand permits.

It stated: "At present foot passenger numbers are at around 15 per cent of normal levels, and rail volumes between London Waterloo and Portsmouth at just 11 per cent — meaning the service is not financially viable.

"Additionally, there is currently plenty of spare capacity, with Red Funnel's hi-speed passenger service between Cowes and Southampton operating at 20 per cent of available capacity, and Hovertravel’s Ryde to Southsea passenger service at 25 per cent.

"The Red Jet is currently operating a reduced service of three round trips each morning and evening."

Board chairman Christopher Garnett said: "We are working extremely closely with all the cross-Solent operators over the timing and financial viability of the reinstatement of services, and it is absolutely crucial this is done at the right time taking into account spare capacity, demand and viability.

“All operators are running at a loss and any service increases must take the operators’ viability into account to ensure services are protected for the long-term future.

"Unfortunately, just at this time the board cannot support the re-introduction of the FastCat service with such low passenger numbers as demand is easily being met by Hovertravel. This position is fully supported by Wightlink and Hovertravel.

"The operators are absolutely committed to supporting the Island's recovery and are keen to add capacity as demand increases and at the right time.”

The board pointed out that the hovercraft service has been operating at 99 per cent reliability throughout the pandemic, and is also undertaking a number of emergency patient transfers for the Isle of Wight Ambulance Service.

Foot passengers can also use Wightlink's Fishbourne to Portsmouth car ferry service, which is also close to Portsmouth Harbour station.

Mr Garnett added: "The board was pleased to see the increase in demand for car ferry services with Wightlink increasing its number of sailings by eight per day and Red Funnel by 11 over the weekend period.

"Also, from Friday July 17, Wightlink is reintroducing its Yarmouth to Lymington service on a two hourly schedule seven days per week. This will be increased in line with demand."