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Eurostar ‘could collapse within months’

by LLB Finance Reporter
19th Jan 21 9:12 am

Eurostar is facing ‘collapse within months’ as passenger numbers have plummeted by 95% since last March along with a lack of rescue packages.

The UK to France, Brussels and Amsterdam Eurostar service has been hit hard with lockdowns and travel bans throughout the pandemic.

SNCF’s senior executive’s, Christophe Fanichet said that the French view Eurostar as British, whilst the British government view it as French.

Eurostar said in a statement, “We are encouraged by the (British) Government backed loans that have been awarded to airlines and would once again ask that this kind of support be extended to international high-speed rail which has been severely impacted by the pandemic.

“Without additional funding from government there is a real risk to the survival of Eurostar, the green gateway to Europe, as the current situation is very serious.”

A Department for Transport spokesperson said, “We recognise the significant financial challenges facing Eurostar as a result of Covid-19 and the unprecedented circumstances currently faced by the international travel industry.

“The Government has been engaging extensively with Eurostar on a regular basis since the beginning of the outbreak. We will continue to work closely with them as we support the safe restart and recovery of international travel.”

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