Not really surprising since they have suffered a 85% loss in business that and the problem for the London-based group was that it was seen as French by the British government and as British by the French, meaning it had been difficult to secure bail-out cash.
I hope they help them, it would be a great loss environmentally if they were to collapse.
That would be a tragedy.
Sh*t, let’s hope that relationships between the French and UK governments are not too hostile to prevent a support package being put in place.
Presumably Eurotunnel has enough from the freight side of things to stay afloat even if tourist numbers are down.
Eurostar are predominately French owned so I can see why the UK government isn’t keen to offer any financial support.
Isn’t it mostly SNCF and Belgian Railway owned.
Let’s hope the tunnel isn’t inondé, with all that water over it, not sure it would float
Bankruptcy can sometimes be a helpful way for the replacement owner to emerge and run the same business but without the debt burden of the current operator, especially for infrastructure-heavy companies.
Prices to customer can usually be reduced as a result.
Bankruptcy of Eurotunnel was one of the big fears of the ferry companies in the early days, for this reason.
Which has to be a good thing. Last March / April my French team for the company I worked for were booking to go back to the UK for our pre-season meeting. Our boss had to fly due to time contrainsts but one other and I really tried to get on a train. The company tries to do lots of green stuff and we were happy to take the extra time. However the cost wasn’t just a little more than the flights, it was in the region of 5x more. We booked flights (which of course were cancelled as was my job .
Sorry that you are no longer with the company
That was a superb idea to have such a service
Other companies could adopt the idea