Key Highlights
- Trenitalia France accelerates its development with investment from Certares.
- A joint venture has been set up to support Trenitalia’s international expansion plans.
- Certares will invest 300 million euros in Trenitalia France, participating in a €1 billion investment plan.
- Trenitalia aims to compete with Eurostar on cross-Channel routes by 2030.
New Investment and Strategic Expansion for Trenitalia France
In a move aimed at bolstering its growth, Trenitalia France has announced an accelerated development plan with the support of Certares. This strategic partnership is set to drive significant expansion in cross-Channel links and cross-border markets, positioning Trenitalia as a formidable competitor against established players like Eurostar.
Strategic Partnership: A Joint Venture for Growth
The investment from Certares marks a pivotal moment for Trenitalia France. The partnership is underpinned by a major strategic agreement signed between Italy’s FS Group, the parent company of Trenitalia, and Certares, an investment fund with extensive holdings in the tourism and travel sectors.
A joint venture has been established to facilitate this growth strategy. This collaboration includes Certares taking a 300 million euro stake in Trenitalia France. The total investment plan for both countries is set at €1 billion, signaling a substantial commitment from all parties involved.
Competitive Ambitions: Eurostar Challenge
Trenitalia has ambitious plans to expand its operations and compete with Eurostar on cross-Channel routes by 2030. This strategic move is part of Trenitalia’s broader vision to establish itself as a leading player in the European railway market.
According to the joint press release issued today, “Trenitalia intends to use this financial injection to strengthen its position as the second-largest operator in France.” The company plans to achieve this by increasing frequencies on key routes such as Paris-Marseille and Paris-Lyon, aiming for up to 28 daily circulations.
Commercial Agreements and Distribution Networks
A significant aspect of the partnership involves Certares facilitating commercial agreements between Trenitalia France and its portfolio companies. These agreements will promote the marketing of Trenitalia’s services through Certares’ extensive distribution networks, including business tourism brands.
The press release states that these agreements are intended to create a win-win situation for both parties. Trenitalia will benefit from increased commercial prominence in Certares’ entities, while Certares aims to leverage the high-speed train as “the best way to travel” – an eco-friendly, reliable, and competitive alternative to air transport.
In addition, leisure itineraries and tours offered by Trenitalia’s Frecciarossa trains will be included where possible. This initiative is expected to strengthen Trenitalia’s position in the French market and beyond, potentially attracting a broader customer base.
Conclusion
The investment from Certares represents a significant milestone for Trenitalia France as it embarks on its second phase of expansion. With €1 billion allocated to this ambitious plan, Trenitalia is well-positioned to compete with established cross-Channel operators and establish itself as a leading player in the European railway market.
As Trenitalia continues to invest in infrastructure and expand its services, it aims to redefine the travel landscape for both business and leisure travelers. The partnership with Certares not only provides financial support but also strategic insights into the tourism and travel sectors, ensuring that Trenitalia remains at the forefront of innovation and competition.
