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European rail cos to form alliance to compete against low-cost airlines - report


Published : Sun, 22 Apr 2007 16:47
By : Agencies
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FRANKFURT (Thomson Financial) - European rail companies are planning to form an alliance in order to improve their ability to compete against low-cost airlines, daily Handelsblatt reported in a pre-released article of tomorrow's edition citing Deutsche Bahn sources.

The alliance, which is internally called 'Railteam', is to be launched in December, the report said.

It added that besides Deutsche Bahn, French, Belgian, Dutch, Austrian and Swiss rail companies as well as UK's Eurostar are to planning to join Railteam, which is modelled on Deutsche Lufthansa-led international airline cooperation Star Alliance.

judith.csaba@thomson.com

jcs/gp

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