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#11
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Eurotunnel not doing so well
Jim Ley muttered....
On Fri, 09 Apr 2004 09:49:51 -0500, Olivers wrote: devil muttered.... More to the point, these jerks hope they'll force governments to subsidize them. If you call it "Airbus" would subsidy be OK? The french or EU governments may well be happy to do so, but Maggie made sure the treaty banned it. So we leave the original investors - most small, many French and likely to be substantially bitter Yes, they took the risk, that's the whole point of investing it's not just free money you know? I wuz attempting irony, but.... Sadly, in this case, the media, both in the UK and the France, popular and financial, tended to swallow hook, line and sinker of the PR PUffery which surrounded the design, development and construction of the Chunnel. A handful of cyncial hardliners weren't able to seel a more realistic picture that, as with most mass transit ventures, there was no way to recover construction and operations costs from "real" revenues. TMO |
#12
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Eurotunnel not doing so well
"Mike Jacoubowsky" wrote in message . com...
The company has serious debt problems and has not met the predicted volumes of customers necessary to pay back the debt. Probably a victim of low cost carriers. So this does not bode well for the trans-atlantic tunnel being built ( www.atlantictunnel.com) :-) But it's *already* built! According to the website, the two sides of the tunnel met in 1986. Seems like it's taking a very long time to do the finishing touches... That atlantictunnel.com site is an April Fool's joke. Just try and book a ticket in advance on that site, and you'll see what I mean. There is no Atlantic tunnel. |
#13
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Eurotunnel not doing so well
Mike Harrison wrote:
That atlantictunnel.com site is an April Fool's joke. Just try and book a ticket in advance on that site, and you'll see what I mean. There is no Atlantic tunnel. Airlines are scared **** of this tunnel and have mounted a very succesful campaign to convince the masses that this is just a joke. There are a lot of things that have been built covertly in the past. A Mr Drax, head of a large aeronautical firm built some additional space shuttles which he launched covertly from inside a mountain and even built a rather large space station before the americans did. And Doctor Evil also went to the moon to build a moon base for his "Alan Parson's Project" laser and even got there before the americans, but the media didn't talk about this until many decades later when documents were made pulic allowing a documentary to be produced about this. |
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