# C_2010301EN.01002101.xml

| 6.11.2010 | EN | Official Journal of the European Union | C 301/21 |
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6.11.2010

EN

Official Journal of the European Union

C 301/21

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Judgment of the General Court of 13 September 2010 — Greece and Others v Commission

(Joined Cases T-415/05, T-416/05 and T-423/05) (1)

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(State aid - Aviation Sector - Aid linked to the restructuring and privatisation of the Greek national airline - Decision declaring the aid incompatible with the common market and requiring its recovery - Financial continuity between two companies - Identification of the effective recipient of aid for the purposes of its recovery - Criterion of the private operator - Compatibility of the aid with the common market - Obligation to state reasons for the decision)

2010/C 301/31

Language of the case: Greek

Parties

Parties

Applicants: Hellenic Republic (represented by: A. Samoni-Rantou and P. Mylonopoulos, Agents) (Case T-415/05); Olympiakes Aerogrammes AE (Kallithéa, Greece) (represented by: V. Christianos, lawyer) (Case T-416/05); and Olympiaki Aeroporia Ypiresies AE (Athens, Greece) (represented by: P. Anestis, S. Mavroghenis, lawyers, S. Jordan and T. Soames, Solicitors, and D. Geradin, lawyer) (Case T-423/05)

Applicants:

Defendant: European Commission (represented by: D. Triantafyllou and T. Scharf, Agents)

Defendant:

Intervener in support of the defendant: Aeroporia Aigaiou Aeroporiki AE (Athens) (represented by: N. Keramidas and, in Case T-416/05, also by N. Korogiannakis, I. Dryllerakis and E. Dryllerakis, lawyers) (Cases T-416/05 and T-423/05)

Intervener in support of the defendant:

Re:

Re:

Application for annulment of Commission Decision C(2005) 2706 final of 14 September 2005 on State aid for Olympiaki Aeroporia Ypiresies AE (C 11/2004 (ex NN 4/2003) — Olympic Airways — Restructuring and Privatisation)

Operative part of the judgment

Operative part of the judgment

The Court:

| 1. | Annuls Article 1(1) of Commission Decision C(2005) 2706 final of 14 September 2005 on State aid for Olympiaki Aeroporia Ypiresies AE (C 11/2004 (ex NN 4/2003) — Olympic Airways — Restructuring and Privatisation); |
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1.

Annuls Article 1(1) of Commission Decision C(2005) 2706 final of 14 September 2005 on State aid for Olympiaki Aeroporia Ypiresies AE (C 11/2004 (ex NN 4/2003) — Olympic Airways — Restructuring and Privatisation);

| 2. | Annuls, in part, Article 1(2) of Decision C(2005) 2706 final insofar as it relates to the amount corresponding to the value of all the intangible assets entered in the conversion balance-sheet of Olympiaki Aeroporia Ypiresies as goodwill, to the value of the aircraft transferred to Olympiakes Aerogrammes AE and to the revenue expected from the sale of two aircraft still entered in the balance-sheet of Olympiaki Aeroporia Ypiresies; |
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2.

Annuls, in part, Article 1(2) of Decision C(2005) 2706 final insofar as it relates to the amount corresponding to the value of all the intangible assets entered in the conversion balance-sheet of Olympiaki Aeroporia Ypiresies as goodwill, to the value of the aircraft transferred to Olympiakes Aerogrammes AE and to the revenue expected from the sale of two aircraft still entered in the balance-sheet of Olympiaki Aeroporia Ypiresies;

| 3. | Annuls Article 2 of Decision C(2005) 2706 final insofar as it relates to the measures in question in Article 1(1) and (2), to the extent that those provisions are annulled; |
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3.

Annuls Article 2 of Decision C(2005) 2706 final insofar as it relates to the measures in question in Article 1(1) and (2), to the extent that those provisions are annulled;

| 4. | Dismisses the remainder of the actions; |
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4.

Dismisses the remainder of the actions;

| 5. | Orders each of the parties to bear its own costs, including those incurred in connection with the proceedings for interim relief. |
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5.

Orders each of the parties to bear its own costs, including those incurred in connection with the proceedings for interim relief.

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(1)  OJ C 22, 28.1.2006.

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