Eurostar secures financial support package
Cash-strapped Eurostar has secured a refinancing agreement with its shareholders and banks.
It adds funding of £250 million and mainly consists of additional equity and loans from a syndicate of banks guaranteed by the shareholders, including French state railway group SNCF and Patina Rail LLP.
The refinancing agreement is the key factor enabling Eurostar to increase services as cross-channel travel demand improves, says Jacques Damas, Chief Executive of Eurostar.
"Everyone at Eurostar is encouraged by this strong show of support from our shareholders and banks which will allow us to continue to provide this important service for passengers. Eurostar will continue to work with governments to move towards a safe easing of travel restrictions and streamlining of border processes to allow passengers to travel safely."
It will focus on restoring demand for travel on Eurostar’s core routes between London and Paris, Brussels and Amsterdam, and rigorous cost control to ensure the repayment of loans.
Eurostar plans to increase the number of trains on its London-Paris route to two daily return services from 27 May, and three per day from the end of June.
It will then gradually increase the frequency over the summer period as travel restrictions are eased.
It says the refinancing package will allow it to successfully complete its merger with French-Belgian rail operator Thalys, as part of the Green Speed project.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt