Rail service Eurostar announced on Tuesday that it reached a £250 million refinancing agreement with its shareholders and banks. The package consists of additional equity and loans guaranteed by its majority shareholder, French national railway SNCF, among others.
"The refinancing agreement is the key factor enabling us to increase our services as the situation with the pandemic starts to improve. Eurostar will continue to work closely with governments to move towards a safe easing of travel restrictions and streamlining of border processes to allow passengers to travel safely and seamlessly," said Eurostar CEO Jacques Damas. The company stated it will start operating two return trips between Paris and London every day from May 27, increasing to three per day from the end of June, and adding further trains as COVID-19 lockdowns ease. It will also add daily services between London and Brussels and Amsterdam.
