Eurostar has secured a £250 million rescue package after warning it was 'fighting for its survival' due to the coronavirus crisis. The UK sold its Eurostar stake to private companies for £757 million in 2015, and the Government resisted pressure to contribute to the bailout. In November 2020, Eurostar claimed it 'has been left fighting for its survival against a 95% drop in demand'. It launched in 1994 and since then the number of flights between London and Paris has more than halved. It pledged to focus on increasing passenger numbers on its core routes between London, Paris, Brussels and Amsterdam, and 'maintaining rigorous cost control' to ensure loans can be repaid.

Source: Daily Mail May 18, 2021 08:53 UTC