Eurostar has just escaped bankruptcy. The Channel Tunnel railway company has suffered the full brunt of the Covid-19 pandemic. Its shareholders, including SNCF (at 55%) finally obtained 290 million in financing for it. According to Jacques Damas, eco guest of News i, Monday May 31, Eurostar has “the oxygen balloon that allows him to restart.”
“Formally, it will last until the end of the first quarter of 2022, he continues, if things didn’t improve at all. But the important thing for us is to restart. And for that, you need activity. “
Eurostar is now in intensive care. The question is to get out of it.Jacques Damas, CEO of Eurostar
on News i
The cross-Channel company saw its activity collapse: “Since the start of the pandemic, details Jacques Damas, our turnover has been divided by twenty. “ Since May 27, Eurostar has provided two daily round trips between Paris and London, compared to the fifteen rotations that the company offered before the pandemic.
When will the company return to normal service? “The virus will tell. But we are ready (…) to be able, at the start of September, to have half of a normal service”, explains the leader. Jacques Damas in any case makes a commitment. “When you open a train for sale, it is running. We will not cancel that train, no matter what, especially in terms of the evolution of the virus.”