Debt-laden Channel Tunnel operator Eurotunnel's new management has put pricing and cost cutting at the forefront of its strategy to rescue the company.
Three months after the all-French management team was installed, Eurotunnel says that its recovery is becoming possible.
It will provide a further update in October as it attempts to tackle a £6.4bn debt mountain and work out how to renegotiate a deal guaranteeing minimum revenues from customers that ends in 2006.
Eurotunnel also operates truck and passenger services between Folkestone and Calais, and earns revenues from rail freight services
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