[ldng]

You're assuming voyages-sncf == SNCF which is not the case. It's a travel agency whose shareholders are SNCF and Expedia. So they are a private company that have a preferential treatment for which they been condemned once IIRC (not that it changed anything ...).

[Signez]

You're wrong. Expedia has no longer Voyages-SNCF.com parts since this "alliance" was condamned by French Autorité de la Concurrence (anti-trust autority).

Nowadays, the only Voyages-SNCF.com shareholder is Groupe SNCF.

[ldng]

I can find references to a fines but nothing about Expedia leaving Voyages-sncf.com capital. Really curious about it, could you point me to some reference ?