Thalys has to borrow money for the first time; merger with Eurostar postponed
For the first time in its history, Thalys has to rely on external financing. In addition, due to the financial consequences of the corona crisis, the carrier has decided to postpone the merger with Eurostar. The turnover of Thalys in 2020 was over 165 million euros, no less than 70 percent lower than a year earlier.
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Typical of Mick Cash and RMT argue for money for Eurostar but not bothered about HULL TRAINS and GRAND CENTRAL Home grown Railway Companies but fight for a company owned by State owned SNCF.
It’s not a British carrier – it’s 55% owned by the French backed SNCF, 10% Belgium and the rest private investor. None of it is British and therefore they deserve no support from the UK taxpayers.
Few of the public transport operations in the UK are fully owned by British companies, yet the government has given them funding to carry on through the pandemic.
E.g. the West Coast Mainline operator is now a 70:30 partnership between the Italian rail operator First Trenitalia West Coast Rail Limited and the First Group which currently makes most of it’s income from American rail and bus transport.
We must maintain all critical rail links until the pandemic is over, including Eurostar.