On 29 December 2025, the FS Group and Certares signed an agreement for a strategic partnership aimed at strengthening the international presence of High-Speed Rail services, with a particular focus on Trenitalia France. The agreement also provides for the establishment of a joint venture and an investment to support growth in France, the United Kingdom, and cross-border markets. Trenitalia France, already operating on the Paris–Lyon, Paris–Marseille, and Paris–Milan routes, plans to expand to the Paris–London route by 2029 and increase its fleet and service offering.
The partnership aims to accelerate the adoption of rail as a sustainable alternative to air travel, also leveraging collaboration with the travel companies within the Certares portfolio. The initiative is aligned with FS Group’s 2025–2029 Strategic Plan and enhances the combination of operational excellence and global distribution capabilities to promote a sustainable future for European rail transport through collaboration with leading financial and industrial partners.
About Certares
Founded in 2012, Certares is one of the world’s leading investment firms specializing in the travel and tourism sectors. The company manages more than USD 7 billion in discretionary assets, while its portfolio companies generate approximately USD 100 billion in gross sales, supported by long-standing relationships with major industry players worldwide. Certares leverages deep sector expertise, exclusive transaction opportunities, and operational partnerships with companies, founders, and management teams to create value. The Certares team brings together decades of operational and private equity investment experience across travel, tourism, hospitality, and related business and consumer services. For more information, please visit Certares website.