The Isle of Man Steam Packet Company has been disappointed to learn of the cancellation of Rally Isle of Man 2011. The 48th edition of the event was due to take place on Island between the 27-29 October having moved from its previous timeslot in July. Promoters have cited the date change as a key reason for the cancellation of the event. Chief Executive, Mark Woodward said: ‘We are particularly saddened and disappointed to hear of the cancellation of Rally Isle of Man. The Rally has always been a very popular event for the Island and its cancellation will have an inevitable knock-on effect for the local tourism industry. ‘It is a shame that the change of date has proved to be an issue for some as lower rates for travel should have encouraged more visitors to the event and competitors would also have benefitted from heavily discounted package deals outside of our peak season. A large number of competitors booked for the event are very disappointed.’ ENDS