Eurostar secures 250m bailout after collapse in demand
Eurostar has secured a £250 million rescue package after warning it was “fighting for its survival” due to the coronavirus crisis. The cross-Channel rail operator said it has reached a financing agreement with its shareholders and banks. This includes French state rail company SNCF, which is the company’s majority shareholder. The UK sold its Eurostar stake to private companies for £757 million in 2015, and the Government resisted pressure to […]