Eurostar Near Collapse, Begs For Bailout, Becomes Hot Potato | WHAT REALLY HAPPENED

Eurostar Near Collapse, Begs For Bailout, Becomes Hot Potato

Eurostar, the company that operates the cross-Channel train service that connects the UK with France, Belgium and the Netherlands, is on the brink of collapse, the company’s management warned this week. With passenger numbers down 95% in the final quarter of 2020 and revenues down over 80% over the course of 2020, it is now “on a drip” and in desperate need of extra cash, says Christophe Fanichet, a senior executive of France’s state SNCF railways, which is the majority shareholder of Eurostar.

“I’m very worried about Eurostar. The company is in a critical state, I’d even say very critical,” he said.

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