natgillin/translations-raw huggingface dataset:
Tyskland påpegede videre, at FFHG betaler et markedsgebyr for garantien.
Furthermore, Germany explained that that assessment did not take into account the business plan of FFHG as it was reviewed at the time.
Til støtte for dette argument henviste Tyskland til Deutsche Banks analyse nævnt i betragtning 56.
With regard to the assessment of Deutsche Bank, Germany stated that on the basis of its analysis Deutsche Bank puts FFHG in the [<BBB+] rating category [23], however it does not specify an exact rating for the company.
På denne baggrund påpegede Tyskland, at garantigebyret, som ligger inden for den margen, der er fastsat af Deutsche Banks eksperter, må anses som værende i overensstemmelse med markedsvilkårene.
According to Germany this means that even though the stand-alone rating of FFHG was [<BBB+], its adjusted rating (taking into account the specific ownership conditions) would be higher [24].
Tyskland understregede endelig, at FFHG ikke fik en økonomisk fordel som omhandlet i traktatens artikel 107, stk. 1, hverken gennem likviditetspuljen, ISB-lånene eller den underliggende garanti.
In this regard, Germany clarified further that Deutsche Bank has provided an indication for the applicable risk margin for two alternative financing structures — one based on the adjusted rating of FFHG (without collateral, that is to say, referring to a situation without an explicit state guarantee provided by the main shareholder of FFHG — the Land Rhineland-Palatinate), and one with a 100 % guarantee provided by the Land Rhineland-Palatinate.
Foranstaltningens forenelighed med det indre marked
Germany pointed out that the analysis of Deutsche Bank showed that in the first case (without collateral, based on the adjusted credit rating) the applicable risk margin for a 5-year loan would be between [1,3 % and 2,05 %] p.a.
Undersøgelse af investeringsstøttens forenelighed
According to Germany, in the second case (with a guarantee covering 100 % of the loans) the applicable risk margin would be between [0,25 % and 0,7 %] p.a.
Tyskland anførte, at støtten, selv om den finansieringen til FFHG udgør støtten, ville være forenelig med det indre marked i henhold til traktatens artikel 107, stk. 3, litra c).
[25].
Med hensyn til ISB-lånene og den underliggende garanti hævdede Tyskland navnlig, at ISB-lånene refinansierede eksisterende låneaftaler, som var blevet indgået med henblik på at finansiere infrastrukturforanstaltninger i Frankfurt Hahn lufthavn.
To support the analyses conducted by Deutsche Bank, Germany also provided the 2010 rating prepared by Volksbank, which assigned FFHG a rating of […] according to its internal rating scale [26].
Bidrag til et veldefineret mål af fælles interesse
Furthermore, Germany explained that in 2011 Kreisspaarkasse Birkenfeld assigned FFHG a rating of […] according to its rating scale [27].
Med hensyn til kravet om, at foranstaltningen skal bidrage til et veldefineret mål af fælles interesse, anførte Tyskland, at formålet med finansieringen af lufthavnsinfrastrukturen i Frankfurt Hahn lufthavn hele tiden havde været at forbedre den økonomiske struktur i den økonomisk tilbagestående og tyndtbefolkede Hunsrückregion.
Germany also provided ratings of FFHG established on the basis of Moody's credit-scoring model at the time the ISB loans were granted (see Table 8).
Tyskland anførte her, at formålet med at støtte FFHG for det første var at hjælpe med at bekæmpe Hunsrückregionens svage økonomi.
Table 8
Tyskland hævdede, at Frankfurt Hahn lufthavn er omgivet af en række områder, som anses for regioner, der har brug for støtte inden for rammerne af Gemeinschaftsaufgabe »Verbesserung der regionalen Wirtschaftsstruktur« [31], en opgave, der deles af den føderale og lokale regering.
Overview of the credit ratings of FFHG at the time the ISB loans were granted
Tyskland anførte i denne forbindelse, at de fire regioner omkring lufthavnen, dvs. Landkreis Bernkastel-Wittlich, Birkenfeld, Cochem-Zell og Rhein-Hunsrück-Kreis, i gennemsnit kun har halvt så tæt befolkede som resten af delstaten Rheinland-Pfalz.
Duration in years
Tyskland påpegede, at beskæftigelsen udgør det vigtigste parameter for at beskytte disse regioner, hvis økonomi primært består af små og mellemstore virksomheder, mod yderligere forringelser af den regionale økonomi, og at Frankfurt Hahn lufthavn spiller en vigtig rolle som arbejdsgiver og kunde.
Stand-alone credit rating of FFHG
Tyskland anførte dernæst, at Frankfurt Hahn lufthavn spiller en vigtig rolle for den strategiske udvikling af delstaten Rheinland-Pfalz som destination for turisme (~ 33 % af passagererne svarende til ca. 1 mio. passagerer i 2005) og som udgangspunkt for turisme (~ 67 % af passagererne).
Adjusted credit rating [28](Moody's rating scale)
Tyskland anførte, at 88 % af de tilrejsende passagerer opholder sig i flere nætter i regionen.
[B2-Baa3]
Tyskland anførte, at Frankfurt Hahn lufthavns tilrejsende passagerer genererede omkring 5,7 mio. overnatninger i 2005 [32].
[B1-Baa2]
Antallet af overnatninger steg ifølge Tyskland yderligere, idet delstaten Rheinland-Pfalz i 2011 havde 8,2 mio. besøgende, hvilket genererede 21,5 mio. overnatninger.
Germany argued that FFHG is to be considered as an undertaking with a good rating because it has a high level of collateralisation (all assets of FFHG could be used as collateral) and a good equity-ratio of around 30 % despite the fact that FFHG has been loss-making and because Land Rhineland-Palatinate — as shareholder of FFHG — provided a guarantee for the loan.
Tyskland påpegede, at især antallet af besøgende fra øst- og sydeuropæiske lande var steget, og at et stort antal flyvninger betjenes fra disse lande til Frankfurt Hahn.
In addition, Germany stressed that FFHG and ISB negotiated the conditions of the loans and that those negotiations were not influenced by the Land Rhineland-Palatinate.
Dette bevirkede ifølge Tyskland, at der blev skabt omkring 198000 arbejdspladser inden for turisme i delstaten Rheinland-Pfalz.
Consequently, Germany was of the opinion that the ISB loans granted to FFHG were on market terms, and that, therefore, those loans do not constitute State aid.
De opnåede indtjenings- og beskæftigelsesmæssige virkninger kan navnlig tilskrives tilrejsende turisme, for hvilken Frankfurt Hahn lufthavn spiller en central rolle som indgangsportal for turister til Hunsrückregionen, men også til Rheinland-Pfalz generelt, som Tyskland forklarede.
Market conformity of the guarantee granted by Land Rhineland-Palatinate
Tyskland anførte, at antallet af turister i perioden 1990-2001 steg med 70 % for Hunsrückregionen og med 35 % for Rheinland-Pfalz.
Germany stated that it is very common for holding companies to guarantee financial obligations of their subsidiary.
Ifølge Tyskland steg antallet af turister, der ankom fra udlandet, med 163 % i Hunsrückregionen.
Moreover, Germany argued that the guarantee by Land Rhineland-Palatinate meets the requirements of the guarantee notice [29].
Tyskland anførte for det tredje, at Frankfurt Hahn lufthavn, hvis alle dele af lufthavnsaktiviteterne tages i betragtning, skabte 3063 arbejdspladser i Hunsrückregionen i 2012, hvoraf 74 % var fuldtidsstillinger.
Thus, in Germany's opinion, FFHG did not receive any economic advantage.
90 % af disse arbejdstagere bor ifølge Tyskland i regionen.
In addition to that, Germany submitted that FFHG could have offered other collaterals (such as land property, buildings and other fixed assets), which were not necessary because the Land held the vast majority of the shares of FFHG.
Tyskland anførte, at Frankfurt Hahn lufthavn er med til at forhindre, at unge, kvalificerede arbejdstagere flytter til andre regioner, og undgå økonomisk og social nedgang i regionens lokalsamfund og -infrastrukturer.
Therefore, Germany asserted that the conditions of the loan would not necessarily have altered if the Land had not granted a guarantee.
Tyskland påpegede videre, at Frankfurt Hahn lufthavns tilstedeværelse ikke kun har de ovennævnte virkninger for arbejdsmarkedet, men også har enorme indirekte, inducerede og katalyserende virkninger gennem et stigende antal aktiviteter inden for forskellige økonomiske områder og turisme.
Furthermore, Germany pointed out that FFHG pays a market fee for the guarantee.
I denne henseende henviste Tyskland til de positive sekundære virkninger for regionen, dvs. lavere ledighed og flere skatteydere, hvilket har givet regionens kommuner flere penge, som de kan bruge til at støtte den lokale økonomi.
To support this, Germany referred to the Deutsche Bank study, as mentioned in recital 56.
Lufthavnen genererede i alt omkring 11000 arbejdspladser som følge af den tilrejsende turisme til Rheinland-Pfalz.
In this context, Germany clarified that Deutsche Bank determined that the guarantee fee would be between [0,5 % and 1,5 %] [30].
Tyskland hævdede, at finansieringen af infrastrukturen i Frankfurt Hahn lufthavn også havde hjulpet med at opfylde det veldefinerede mål af fælles interesse om at modvirke trafiktætheden i EU's store hovedlufthavne.
Germany stated that because FFHG was developing well when the guarantee was issued, the fee was set at [0,5 % to 1,5 %].
Tyskland fremhævede i denne forbindelse det forhold, at Frankfurt Main lufthavns kapacitetsgrænser konstant blev overskredet.
Against this background, Germany pointed out that, as this guarantee fee is within the margin determined by the Deutsche Bank expertise, it must be considered as being in line with the market.
Tyskland oplyste, at Frankfurt Hahn lufthavn i kraft af sin licens til døgndrift også sikrede yderligere kapacitet til at modvirke trafiktætheden i Frankfurt Main lufthavn.
In conclusion, Germany emphasised that FFHG did not receive an economic advantage within the meaning of Article 107(1) of the Treaty either through the cash-pool or through the ISB loans or through the underlying guarantee.
Tyskland anførte videre, at støtten til Frankfurt Hahn lufthavn også medvirker til at opfylde målet af fælles interesse om at øge unionsborgernes mobilitet.
Compatibility of the measures with the internal market
I denne forbindelse påpegede Tyskland, at Frankfurt Hahn lufthavn er den eneste tyske lufthavn, der tilbyder direkte flyvninger til Kaunas (Letland), Kerry (Irland), Kos (Grækenland), Montpellier (Frankrig), Nador (Marokko), Plovdiv (Bulgarien), Pula (Kroatien), Rhodos (Grækenland), Santiago de Compostela (Spanien) og Volos (Grækenland).
Assessment of compatibility of the investment aid
Ifølge Tyskland bidrager Frankfurt Hahn lufthavn også til jobmobilitet for unge, som kan rejse til Hunsrückregionen og Rheinland-Pfalz til meget lave priser.
Germany submitted that, even if the financing provided to FFHG constitutes aid, that aid would be compatible with the internal market under the Article 107(3)(c) of the Treaty.
Tyskland påpegede ligeledes, at de anerkendte universiteter og videregående uddannelsesinstitutioner i Koblenz, Mainz, Kaiserslautern, Trier, Wiesbaden, Mannheim, Bonn osv., som i de fleste tilfælde tilbyder gratis undervisning, nu er lettilgængelige for studerende fra hele EU.
In particular with regard to the ISB loans and the underlying guarantee, Germany asserted that the ISB loans refinanced existing loan agreements which were concluded with the aim of financing infrastructure measures at Frankfurt Hahn airport.
Tyskland gjorde videre gældende, at det også er af fælles interesse, at Hunsrückregionen og de omkringliggende regioner i Rheinland-Pfalz har forbindelse til andre perifere regioner, f.eks. Limerick, hvilket allerede har manifesteret sig i form af bypartnerskaber.
In this regard, Germany submitted that the ISB loan No 1 refinanced a loan that was intended to finance the 2007 and 2008 investments into the equipment of Frankfurt Hahn airport, whereas the ISB loan No 2 was intended to refinance a loan financing investments conducted at the airport in 2002.
Som den fjerde største nationale økonomi i verden har Tyskland ikke kun fokus på at medvirke til skabe forbindelse til de andre europæiske hovedlufthavne, men også på at forbinde regionerne med hinanden.
According to Germany, the ISB loan No 3 also refinanced investments in the transformation of a cargo hangar into a passenger terminal and other infrastructure extension measures.
Ifølge Tyskland er det vigtigt, at EU bliver mere uafhængig af hovedlufthavne, som f.eks. Heathrow, Charles de Gaulle, Schiphol og Frankfurt am Main, da det vil sikre flere direkte forbindelser og forbedre pålideligheden for fragtvirksomheder, da regionale lufthavne ikke i så høj grad udsættes for aflysninger som følge af vejrforhold, strejke, terror eller andre aflysningsrisici.
Germany further submitted that the ISB loans Nos 4 and 5 also refinanced loans financing investments in 2004 to 2006.
Endelig understregede Tyskland generelt, at nærheden til Zweibrücken lufthavn ikke fører til duplikering af lufthavne for det samme opland som følge af afstanden på 127 km mellem Frankfurt Hahn lufthavn and Zweibrücken lufthavn.
Thus, Germany argued that the loans do not constitute operating aid, but investment aid that complies with the compatibility conditions set out in the 2005 Aviation Guidelines.
Denne afstand svarer ifølge Tyskland til 1 time og 27 minutters kørsel i bil og omkring fire timer med tog.
The following recitals contain the analysis of compliance with each of those conditions.
Der er derfor ifølge Tyskland ingen almindelig arbejdstager, fragtmand eller turist, hvis afgangssted ligger i Hunsrückregionen, der ville tage til Zweibrücken lufthavn i stedet for Frankfurt Hahn lufthavn for at nå sit endelige bestemmelsessted.
Contribution to a well-defined objective of common interest
Tyskland hævdede videre, at der ikke kan udledes et substitutionsforhold mellem lufthavene af passager- og luftfragttallene i perioden 2005-2012.
As regards the condition that the measure must contribute to a well-defined objective of common interest, Germany submitted that the objective of the financing of airport infrastructure at Frankfurt Hahn airport was always to improve the economic structure of the economically underdeveloped and scarcely populated Hunsrück region.
Frankfurt Hahn lufthavns primære markedsandele kommer ifølge Tyskland fra Hunsrück-Mosel-Nahe-regionen (se figur 5).
In this regard, Germany stated that, firstly, the objective of supporting FFHG was to help overcome the weak structural economy of the Hunsrück region.
Figur 5
Germany asserted that Frankfurt Hahn airport is surrounded by a number of areas considered as regions in need of support within the framework of Gemeinschaftsaufgabe ‘Verbesserung der regionalen Wirtschaftsstruktur’ [31], a task shared by the federal and local governments.
Frankfurt Hahn lufthavns markedsandele for passagerbefordring med fly 2013 [33]
In this regard, Germany submitted that the four regions around the airport, namely Landkreis Bernkastel-Wittlich, Birkenfeld, Cochem-Zell and Rhein-Hunsrück-Kreis, are on average only half as densely populated as the rest of Land Rhineland-Palatinate.
≽2 %-5 %
Germany pointed out that for those districts whose economy is shaped by small and medium-sized enterprises, employment is the main anchor against a further decrease of the regional economy and Frankfurt Hahn airport plays an important role as an employer and client.
≽5 %-10 %
Secondly, Germany argued that Frankfurt Hahn airport plays an important role in the strategic development of incoming (~ 33 % of passengers corresponding to approximately 1 million passengers in 2005) and outgoing tourism (~ 67 % of passengers) for the Land Rhineland-Palatinate.
≽10 %-20 %
Germany stated that 88 % of the incoming passengers are staying several nights in the region.
Lufthavn
Germany submitted that the Frankfurt Hahn airport's incoming tourists generated approximately 5,7 million overnight stays in 2005 [32].
Markedsandele 2013
According to Germany the number of overnight stays further increased, Land Rhineland-Palatinate welcomed 8,2 million guests in 2011, which generated 21,5 million overnight stays.
Infrastrukturen er nødvendig og står i forhold til målet
Germany pointed out that the number of guests from eastern and southern European countries, in particular, has increased and that a large number of flights are operated from those countries to Frankfurt Hahn.
De finansierede investeringer er ifølge Tyskland nødvendige og står i forhold til målet af fælles interesse (se betragtning 68 ff.).
This has resulted in about 198000 jobs being generated by tourism in Rhineland-Palatinate, according to Germany.
Investeringerne blev ifølge Tyskland foretaget i overensstemmelse med behovene, og den opførte infrastruktur var nødvendig, for at lufthavnen kunne garantere forbindelsesmuligheder, for regionens udvikling og for at aflaste Frankfurt Main lufthavn.
The catalysed income and employment effects stem especially from incoming tourism, in which Frankfurt Hahn airport plays a central role as the gateway for tourists into the Hunsrück region, but also into Rhineland-Palatinate more generally, as Germany explained.
Tyskland påpegede, at infrastrukturen ikke var uforholdsmæssig eller for omfattende i forhold til lufthavnsbrugernes behov.
Germany stated that between 1990 and 2001 the number of tourists has increased by 70 % for the Hunsrück region and by 35 % for Rhineland-Palatinate.
Tyskland fandt derfor, at denne forenelighedsbetingelse var opfyldt.
According to Germany, during the same period, the number of tourists coming from abroad has increased by 163 % in the Hunsrück region.
Tilfredsstillende udsigter for anvendelse af infrastrukturen på mellemlang sigt
Since 88 % of incoming tourists from Frankfurt Hahn stay at least one night and more than 80 % of those even stay two to 10 days, they generate a total benefit of about EUR 133,7 million per year.
Tyskland anførte, at Fraport igangsatte trafikprognoseundersøgelser med henblik på at kortlægge trafikpotentialet for Frankfurt Hahn lufthavn, inden selskabet besluttede at udvide lufthavnens infrastruktur.
Furthermore, Germany argued that outgoing tourism (67 %) also generates income for Frankfurt Hahn airport through non-aeronautical revenues.
Tyskland fremlagde disse undersøgelser, som blev udarbejdet af luftfartseksperter på vegne af Fraport.
Thirdly, Germany stated that, taking into account all parts of the airport activities, Frankfurt Hahn airport created 3063 jobs in the Hunsrück region in 2012 out of which 74 % were full-time positions.
Figur 6 og figur 8 opsummerer resultaterne af en af disse undersøgelser vedrørende den forventede udvikling i passager- og fragttrafik i Frankfurt Hahn lufthavn i perioden 2000-2011.
According to Germany, 90 % of those employees also live in the region.
Figur 6
Germany argued that Frankfurt Hahn airport helps to prevent the movement of young, qualified employees towards other regions as well as an economic and social decline of the regional communities and their infrastructure.
Potentielle passagerer i alt i Frankfurt Hahn lufthavn 2000-2010
Furthermore, Germany pointed out that the presence of Frankfurt Hahn airport not only produces the aforementioned direct effects for the labour market, but also has enormous indirect, induced and catalysing effects through an increasing number of economic and touristic activities.
Passagerer (i mio.)
In this respect, Germany referred to positive secondary effects for the region, namely less unemployment and more tax payers, thereby providing more money for the municipalities in the regions to support the local economy.
Lavpris
In total, the airport generated around 11000 jobs through incoming tourism for the whole Rhineland-Palatinate.
Kilde: SH&E.
Germany argued that the financing of infrastructure at Frankfurt Hahn airport has also helped to achieve the well-defined objective of common interest to combat air traffic congestion at major Union hubs.
Potentielt passagertal i Frankfurt Hahn
In this regard Germany pointed to the fact that the capacity limits of Frankfurt Main airport have been constantly exceeded.
Figur 7
Germany submitted that especially in the light of its 24-hour operating licence, Frankfurt Hahn airport was therefore serving to provide additional capacity in order to relieve the congestion at Frankfurt Main airport.
Scenarie 2: med Ryanair-base i Frankfurt Hahn
In this regard, Germany pointed out that Frankfurt Hahn airport is the only German airport offering direct flights to Kaunas (Latvia), Kerry (Ireland), Kos (Greece), Montpellier (France), Nador (Morocco), Plovdiv (Bulgaria), Pula (Croatia), Rhodos (Greece), Santiago de Compostela (Spain) and Volos (Greece).
Passagerer (i mio.)
Also, according to Germany, Frankfurt Hahn airport contributes to the job mobility of young people, who can reach the region Hunsrück and Rhineland-Palatinate region at low prices.
Figur 8
Similarly, Germany pointed out that the high-quality universities and institutions of higher education in Koblenz, Mainz, Kaiserslautern, Trier, Wiesbaden, Mannheim, Bonn, etc., where for the most part no tuition fees apply, are now easily accessible to students from all over the Union.
(i tusinde)
Germany argued, moreover, that it is also of common interest that the Hunsrück region and the surrounding regions of Rhineland-Palatinate are connected to other peripheral regions, for example Limerick, which has already manifested itself through city partnerships.
Omdirigeret nattrafik Luftfragt
As the fourth biggest national economy in the world, Germany stated that it is focussing not only on connecting to the major European hubs, but also on connecting the regions with each other.
Adgang til infrastrukturen på lige vilkår og uden forskelsbehandling
According to Germany, becoming more independent from the major hubs such as Heathrow, Charles de Gaulle, Schiphol or Frankfurt/Main, is important for the Union since it will mean not only more direct connections, but also more reliability especially for the freight business as regional airports are less prone to cancellations due to weather, strikes, terrorism or cancellation due to cancellation risks.
I henhold til de oplysninger, som Tyskland har fremlagt, har alle potentielle brugere af infrastrukturen adgang til infrastrukturen på lige vilkår og uden forskelsbehandling.
Lastly, Germany generally emphasised that the proximity Zweibrücken airport does not lead to a duplication of airports for the same catchment area, due to the distance of 127 km between Frankfurt Hahn airport and Zweibrücken airport.
Tyskland anførte, at de lufthavnsafgifter, der blev betalt for anvendelsen af infrastrukturen, var baseret på kommercielt begrundet differentiering, og at planen for lufthavnsafgifter var tilgængelig for alle potentielle brugere på en gennemsigtig og ikkediskriminerende måde.
According to Germany, this distance translates into a travelling time of 1 hour and 27 minutes by car or of around 4 hours by train.
Samhandelen berøres ikke i et omfang, der strider mod den fælles interesse
Therefore, Germany argued that no reasonable worker, freight carrier or tourist whose point of departure lies in the Hunsrück region would go to Zweibrücken airport instead of Frankfurt Hahn airport in order to reach his final destination.
Tyskland anførte for det første, at der ikke er nogen substitutionsvirkninger mellem Frankfurt Hahn lufthavn og andre lufthavne i oplandet, som f.eks. Zweibrücken lufthavn og Frankfurt Main lufthavn.
Furthermore, Germany submitted that, looking at passenger and air freight traffic between 2005 and 2012, no relationship of substitution between the airports can be deduced.
Konkurrencen med disse lufthavne påvirkes i følge Tyskland ikke uforholdsmæssigt negativt som følge af den støtte, som FFHG har modtaget, hverken med hensyn til passagertrafik eller fragttrafik.
According to Germany, the main market shares of Frankfurt Hahn airport comes from the Hunsrück-Mosel-Nahe region (see Figure 5).
Tyskland anførte, at passagererne tværtimod i højere grad benytter hovedlufthavne (som f.eks. Köln/Bonn eller Frankfurt Main) i stedet for regionale lufthavne (som f.eks. Frankfurt Hahn), når de flyver med lavprisluftfartsselskaber.
Figure 5