Saturday, 30 October 2021

Spanish Operator Renfe to Operate Paris to London Service to Rival Eurostar

Spanish rail operator Renfe is reportedly seeking to operate a new service between Paris and London, initiating talks with the Spanish ministry of Finance to be granted permission.

Renfe is Spain’s state-owned train company, which is now expected to take advantage of the slots in the tunnel under the Channel, capitalising on the high passenger demand for the route.

“Renfe wants to operate on the Paris-London high-speed line through the Eurotunnel, and has already started initial contacts to compete with Eurostar,” A Renfe spokesperson said.

Starting with seven trains of its own trains, the Spanish operator expects to see returns from the fourth year of operations.

The move is part of the operator’s internationalisation plans, which aim to see in the next 10 years 10 per cent of the company’s total income come from abroad operations.

After being heavily impacted by the pandemic, in the first nine months of 2021 Renfe’s losses amounted to €277m, a 16 per cent improvement compared to 2020. 
The company also registered a positive EBITDA of €19.8m, the first positive one since the beginning of the Covid-19 pandemic.

The fleet of Renfe-SNCF in Cooperation high-speed trains consists of the double-decker TGV INOUI trains, with 509 seats, which travel the Barcelona to Paris​. 
The AVE trains, which have been completely renovated and have capacity for 347 passengers, connecting Barcelona and Madrid with Marseille and Barcelona and Lyon​. Both types of trains are designed to travel at over 300 km/h.