Did the UK bail out Eurostar?

The owners of Eurostar have agreed a £250 million bailout with shareholders in the London-Paris-Brussels Channel tunnel passenger train service. The funding gets the British taxpayer off the hook of what could have been an expensive and uncomfortable rescue.



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Strong cash generation has enabled Eurostar Group to repay €127m of debt and at the end of December 2022, total debt stood at €964m. We have turned the page on the COVID crisis and are now moving towards a new chapter of building the new Eurostar Group, bringing Eurostar and Thalys together”, says Gwendoline Cazenave.

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Although the government thought higher profits could increase the price tag, it decided to sell to avoid uncertainty and risks. However, the timing was “primarily driven by the desire to sell prior to the 2015 general election”, said the NAO.

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The two clear agents of doom for Eurostar were Covid and Brexit – the pandemic almost killing the service entirely in 2020 when international travel was all but banned; and Britain's exit from the EU making stations unviable due to the lack of capacity for increased border requirements.

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The Eurostar Group holding company was founded on 1 May 2022, with SNCF Voyages Développement (a subsidiary of SNCF Voyageurs) taking a 55.75% interest. Other shareholders are CDPQ with 19.31%, SNCB with 18.50%, and funds managed by Federated Hermes Infrastructure with 6.44%.

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For a few worrying months, with lockdowns in places and travel quarantines required for most, the high-speed train service was operating a single service a day to Paris and Brussels from London, provided mainly for key workers. In 2019, the last “normal” year of travel, Eurostar recorded a healthy £62.4m profit.

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E urostar has announced it is scrapping its direct train service to Disneyland Paris - citing Brexit and the post-pandemic recovery as reasons for the move.

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Eurostar will no longer operate its direct train service between London and Disneyland Paris from 5 June next year. The company said it wanted to focus on its core routes, including London - Paris and London - Brussels, as it recovers from the impact of the COVID pandemic and faces the consequences of Brexit.

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The reason is that the cheap return tickets have to be used on the specified train and cannot be transferred without paying more money. The single tickets generally have no restrictions on them so you can use any train on that route or get a refund if you don't use it.

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What's the difference between Eurostar and Thalys? There is no difference - Eurostar and Thalys are now one under the Eurostar name. Our high-speed trains link the UK to France, Belgium and the Netherlands via the Channel Tunnel. And we also run high-speed trains connecting Belgium, France, Germany and the Netherlands.

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Travelling to Disneyland® Paris via Eurostar. ™ Simply take the Eurostar train from London St Pancras International to Lille Europe station and change for a connecting French high-speed train (TGV). This TGV train will then take you to Marne-la-Vallee-Chessy station, which is opposite the Disneyland® Paris park gates.

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The Walt Disney World Railroad, which has transported guests around the Magic Kingdom since opening day in 1971, shut down in December 2018 for construction on the yet-unopened TRON roller coaster. Just before Christmas 2022, the railroad finally reopened for peak holiday crowds and is now running daily once again.

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Travelling from the United Kingdom by Eurostar™ to Disneyland Paris is easy. The Marne-la-Vallée/Chessy train station is located right at the gates of the Disney Parks and just 2 minutes away from the Disney Hotels. Hop on board the Eurostar from London St.

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Hop on board the Eurostar from London St. Pancras International to Disneyland Paris in around 3 hours, depending on your connection. It's quick and easy to travel with a simple change at Lille.

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Well, they're not called high-speed trains for nothing. They can reach a top speed of 300 kilometres per hour (that's 186 miles per hour) on high-speed lines in the UK, France, Belgium, Germany, and the Netherlands.

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The Eurostar monopoly for the potentially lucrative London and Paris trade faces a challenge from a name that will be familiar to British readers: National Express. To all the prosaic names associated with the Channel Tunnel, there is one more waiting in the wings.

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