Certares' O'Hara Bets €300 Million on European High-Speed Rail
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The deal signals accelerating private-equity entry into European high-speed rail operations, potentially reshaping competition on Channel Tunnel routes and affecting business travellers' options between Paris, London and other European city pairs.
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- Skift FeedCertares' O'Hara Bets €300 Million on European High-Speed Rail
Certares founder Greg O'Hara, ahead of the Skift Global Forum, detailed his roughly €300 million investment in Trenitalia France. The company ordered 19 high-speed trains from Hitachi in August, ten of them for a Paris–London service targeted for 2029. O'Hara argues that whoever delivers rolling stock first should secure the three required approvals — French, tunnel and British — first. The investment came from Certares' current fund with co-investment, drawing strong interest from European family offices and institutions.