Le Train pushes back operational start to 2027 [Yahoo! Finance]
CREDIT AGRICOLE UNSP/ADR (CRARY)
NASDAQ:AMEX Investor Relations:
credit-agricole.com/en/finance/finance
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Source: Yahoo! Finance
due to the realities of the high-speed rolling stock market in Europe. However, the company said it remains on track to complete its latest funding round, which it hopes to finalise by the end of 2024. In a call with Railway Technology , Le Train's operations director Catherine Pihan-Le Bars said the private high-speed trains would not run before 2027. The start-up had previously spoken of its intention to begin services as soon as late 2025, but a new rolling stock supply deal with Spanish manufacturer Talgo appeared to have derailed that plan - along with the harsh realities of the second-hand rolling stock market. “There is no second-hand leasing market in the country [France], if you see operators launching with second-hand rolling stock it is usually not high speed,” Pihan-Le Bars explained. “In Continental Europe the high-speed second-hand market is just non-existent and I think it will remain so for the next few years,” she added. While the original announcement of th
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