EUROSTAR announced in mid-May that after months of uncertainty it has secured new financial backing from a consortium of banks.
The financial rescue worth £250 million avoids any direct contribution by governments in the UK or France, although in several cases companies owned by both governments are either lending money or guaranteeing the loans.
Insolvent fears
The collapse in passenger numbers due to the pandemic had led to its own chief executive saying it could be insolvent by June. Unlike most other European rail operators or airlines, Eurostar has received no government assistance beyond staff furlough schemes.