natgillin/translations-raw huggingface dataset:
The own contribution must be real, i.e. actual, excluding all future profits such as cash flow (point 43 of the R&R Guidelines).
Samal ajal on komisjon seda meelt, et meetmed ja ümberkorralduskava vastavad päästmise ja ümberkorraldamise suuniste tingimustele.
Inherently, the own contribution must not include any further state aid.
Seepärast on abi komisjoni meelest siseturuga kokkusobiv.
For large firms, the Commission usually considers a contribution of at least 50 % of the restructuring costs to be appropriate.
Lõpetuseks märgib komisjon, et Läti oli nõus käesoleva otsuse vastuvõtmise ja edastamisega inglise keeles,
However, in exceptional circumstances and in cases of particular hardship, the Commission may accept a lower contribution (point 44 of the R&R Guidelines).
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
The restructuring plan estimates the restructuring costs at LVL [150 — 170] million (EUR [214 — 242] million), based on the funds required for repayment of third-party loans (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), compensation of losses resulting from the phase-out and disposal of certain aircraft (LVL [15 — 25] million (EUR [21,3 — 35,5] million)), provision for bad debts that the company would not be able to recover (LVL [5 — 10] million (EUR [7,1 — 15,3] million)), redundancy payments (LVL [1 — 4] million (EUR [1,4 — 5,6] million)), the purchase of new aircraft, in particular […] Bombardier Q400NG and […] Boeing 737-500 (for a total of LVL [50 — 60] million (EUR [71,1 — 85,3] million)), the repurchase of trademarks from BAS (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), unforeseen off balance sheet liabilities resulting from a claim from […] (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), and LVL [45 — 55] million (EUR [64 — 78,2] million) to buffer the expected losses until airBaltic returns to profitability.
Artikkel 1
In view of total restructuring costs of LVL [150 — 170] million (EUR [214 — 242] million), the proposed own contribution of airBaltic according to the restructuring plan amounts to LVL [100 — 110] million (EUR [141 — 155] million), i.e. [60 — 70] % of the total restructuring costs.
16 miljoni lati suurune esimene riigilaen, mille Läti Vabariik andis airBalticule 2011. aastal, airBalticu nullkupongvõlakirjade riigipoolne omandamine 2010. aasta aprillis ja 2,8 miljoni euro maksmine Latvijas Krājbankalt airBalticule 2011. aasta novembris ei ole riigiabi Euroopa Liidu toimimise lepingu artikli 107 lõike 1 tähenduses.
The own contribution breaks down as follows:
Artikkel 2
Private financial injections of LVL [20 — 30] million (EUR [28,4 — 42,6] million) granted by BAS and the private investors THC and […] in the period April-September 2011.
67 miljoni lati suurune teine riigilaen, airBalticu kapitali suurendamine Läti Vabariigi poolt 2011. aastal ja 5 miljoni euro suuruse nõude loovutamine Läti Vabariigilt airBalticule 2012. aastal on riigiabi Euroopa Liidu toimimise lepingu artikli 107 lõike 1 tähenduses.
This amount includes LVL […] million (EUR […] million) in the form of a liquidity facility granted by […] in March and May 2011 for the purchase of spare parts from airBaltic; LVL […] million (EUR […] million) and LVL […] million (EUR […] million) of advance payments into the equity of airBaltic respectively made by […] and […]; and LVL [6 — 8] million (EUR [8,5 — 12,3] million) from Transatlantic Holdings deriving from a share purchase agreement. (ii) Private loans of LVL [20 — 30] million (EUR [28,4 — 42,6] million) granted by BAS after the Agreement, namely the BAS loan (LVL 14 million (EUR 19,82 million)) and a vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) for the repurchase of trademarks.
See abi on kokkusobiv siseturuga Euroopa Liidu toimimise lepingu artikli 107 lõike 3 punkti c tähenduses.
Lease agreements for new aircraft valued at LVL [45 — 55] million (EUR [64 — 78] million).
Artikkel 3
LVL […] million (EUR […] million) from a partial debt write-off resulting from the restructuring of the debt of airBaltic agreed with Latvijas Krājbanka and Snoras in March 2014.
Käesolev otsus on adresseeritud Läti Vabariigile.
Regarding the private financial injections mentioned in point (i) above, Latvia has demonstrated that BAS made advance payments into the equity of the company of LVL [7 — 9] million (EUR [10 — 13] million) between June and July 2011.
Brüssel, 9. juuli 2014
The Commission is of the view that these payments constitute an own contribution within the meaning of point 43 of the R&R Guidelines, since BAS was a private market operator and the Commission has no reasons to consider that it was not acting in accordance with market logic.
Komisjoni nimel
The same conclusion applies to the LVL [6 — 8] million (EUR [8,5 — 12,3] million) provided by Transatlantic Holdings in exchange for […] outstanding unpaid shares in airBaltic, which took place in September 2011.
Joaquín Almunia
As regards point (ii) above, the Commission is of the view that the loan of LVL 14 million (EUR 19,82 million) granted by BAS, i.e. the BAS loan, constitutes external financing at market terms which can be accepted as own contribution from a private investor that was shareholder of the company at the time.
ELT C 69, 8.3.2013, lk 40.
As regards the lease agreements for new aircraft in the amount of LVL [45 — 55] million (EUR [64 — 78] million) (point (iii) above), the restructuring plan explains that in March 2013 airBaltic concluded new lease agreements for aircraft with private counterparties as part of its fleet reduction and optimisation programme.
Vt joonealune märkus 1.
The agreements relate to the net-lease of […] Bombardier Dash 8 Q400NG aircraft for a period of 10 years for a total amount of approximately USD […] million (EUR […] million), i.e. a monthly rent of approximately USD […] (EUR […]).
Allikas: Riia rahvusvahelise lennujaama aastaraamat 2011, mis asub aadressil http://www.riga-airport.com/en/main/about-company/gada-gramata
According to the restructuring plan, the lease was granted at market conditions by […].
Vladimir Antonov oli Leedu panga Snoras endine põhiaktsionär ja esimees.
The monthly rent is intended to cover the amortisation of the purchase price minus residual value at the end of year 10 of the relevant aircraft (plus a certain mark-up to cover […] financing and operating costs as well as a profit margin), thereby effectively equalling the purchase price of the new aircraft.
Leedu Keskpank selgitas, et Snoras tuli erastada, sest pank ei suutnud täita regulatiivseid nõudeid ega esitada nõutud teavet ning tema varade seisukord oli vilets.
The Commission notes that lease arrangements as such are a standard form of financing in the airline industry and may be equated to loans provided to a company undergoing restructuring.
Vt http://en.rian.ru/ business/20120523/173624459.html ja http://www.bloomberg.com/news/2011-12-19/antonov-says-he-invested-50-million-euros-in-latvia-s-airbaltic.html
The fact that there is collateral covering a significant part of the loan does not preclude that the loan be considered as ‘own contribution’.
Vt http://www.lkb.lv/en/about_bank/news/archyve?item=2022&page=6
In addition, Latvia has confirmed that the lease arrangements are subject to standard collateralisation (i.e. the ability to seize the plane in case of a default and a cash security deposit).
Vt http://www.fktk.lv/en/publications/other_publications/2012-02-07_jsc_latvijas_krajbanka_c/.
Therefore, the lessor runs a certain degree of creditor risk given that it would suffer considerable losses in the event of a default by airBaltic, i.e. the immediate loss of income from rent, which continues until the aircraft can be re-leased to a new customer, as well as the costs incurred to reconfigure the aircraft for the next operator.
Transpordiminister selgitas, et aktsiate omandamise eesmärk oli kaitsta Latvijas Krājbanka hoiustajaid.
[45]
Paistis, et BASi finantsprobleemid ähvardasid takistada riiki investeerimast airBalticu kapitali, ning seega otsustas valitsus kaitsta oma huve ja võtta kontroll airBalticu üle enda kätte.
On the basis of the above, the Commission notes that the lease agreements show that airBaltic was able to obtain external financing at market conditions.
Vt http://www.bloomberg.com/news/2011-12-01/latvia-buys-out-minority-shareholder-in-airbaltic-ministry-says.html ja http://www.sam.gov.lv/?cat=8& art_id=2598
Therefore, the lease agreements can be regarded as proof that the market believes in the long term viability of airBaltic, given that the agreements are only secured by the standard type of collateral and the financier still runs a certain degree of risk.
Läti sõnul ei olnud BASi pankrotti mitme BASi võlausaldaja püüetest hoolimata 2013. aasta augusti seisuga välja kuulutatud.
This is in line with point 43 of the R&R Guidelines, which states that the own contribution should originate from external financing at market conditions and is a sign that the market believes in the feasibility of the envisaged return to viability.
Pealegi tundub, et airBalticu põhiaktsionärid – Läti riik ja BAS – on olnud vähemalt alates 2010. aastast teineteisega konfliktis: ajakirjandus on teada andnud arvukatest Läti riigi ja BASi vahelistest kohtuvaidlustest (vt näiteks http://atwonline.com/airline-finance-data/news/airbaltic-files-bankruptcy-0921).
The Commission hence considers the LVL [45 — 55] million (EUR [64 — 78] million) leases as part of the own contribution.
Vt http://centreforaviation.com/analysis/airbaltics-restructuring-plan-is-in-full-swing-but-competition-from-estonian-air-is-rising-74754
This is moreover in line with past practice of the Commission, in, for example, the Czech Airlines case.
Vt http://www.eurofound.europa.eu/emcc/erm/factsheets/18371/Air%20Baltic%20Corporation?
As regards the advance payment into the equity of airBaltic of LVL […] million (EUR […] million) made by […] in July 2011, it appears from the information submitted by Latvia that this is directly related to measure 6, which, it has been concluded, entails state aid.
Läti transpordiministeerium avaldas 27. augustil 2012 ajalehe Financial Times Euroopa ja Briti väljaandes kuulutuse, kus kutsuti üles väljendama mittesiduvalt huvi osalemise vastu airBalticu emiteeritud aktsiate müügis.
Therefore, the advance payment into equity of airBaltic made by […] cannot be considered as own contribution, which must necessarily be free of aid.
Vt http://prudentia.lv/upload_file/27082012-ABC%20ad%20EN.pdf.
As regards the vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) from BAS to airBaltic for the repurchase of trademarks, Latvia has not provided any evidence that the loan was actually provided.
Vastupidiselt sellele, mida on öeldud menetluse algatamise otsuse punktis 80, täheldas komisjon ametliku uurimismenetluse käigus, et BASil ei olnud lepingu alusel kohustust anda konverteeritavat laenu samaväärsetel tingimustel samal ajal teise riigilaenuga.
On the basis of the above, the Commission does not consider acceptable as own contribution the advance payment into the equity of airBaltic of LVL […] million (EUR […] million) made by […] in July 2011, the liquidity facility for LVL […] million (EUR […] million) granted by […] between April and June 2011 for the purchase of spare parts, and the vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) from BAS to airBaltic for the repurchase of trademarks and the partial debt write-off of LVL […] million (EUR […] million).
10. juulil 2012 sõlmis airBaltic ettevõtjaga Bombardier eellepingu kümne CS300-tüüpi lennuki soetamiseks ja veel kümne CS300-tüüpi reaktiivlennuki ostuõiguste omandamiseks.
The Commission also doubts, in particular on the basis of the inconclusive information provided in that respect (unclear nature of the debts at issue, including several claims and the trademarks of airBaltic) whether the LVL […] million (EUR […] million) partial debt write-off by the two banks can count as own contribution.
tüüpi reaktiivlennuki tavahinnast lähtudes on kindlat tellimust sisaldava lepingu väärtus ligikaudu 764 miljonit USA dollarit (621,74 miljonit eurot) ja see võib suureneda 1,57 miljardi USA dollarini (1,28 miljardit eurot), kui ostuõigustest saavad kindlad tellimused.
In any event, the Commission notes that the other measures proposed as own contribution are nevertheless in line with point 43 of the R&R Guidelines and that the level of own contribution is therefore acceptable.
16 miljoni lati suurune esimene riigilaen ja 67 miljoni lati suurune teine riigilaen (sh teine osa summas 25,4 miljonit latti, mis anti kava „reShape” alusel ettevõtjale 2012. aasta teisel poolel).
They amount to LVL [75 — 85] million (EUR [107 — 120] million), which is equivalent to approximately [48 — 50] % of the restructuring costs.
ELT C 244, 1.10.2004, lk 2.
For a large firm like airBaltic, the level of own contribution should normally be 50 %.
[…] miljonit eurot on Läti esitatud näitaja, mis ei tulene lepingust.
However, according to point 56 of the R&R Guidelines, the Commission may be less stringent as regards the size of the own contribution in assisted areas, as was the case for Latvia at the time the measures were granted (see recital 200 above).
Komisjoni teatis viite- ja diskontomäärade kindlaksmääramise meetodi läbivaatamise kohta (ELT C 14, 19.1.2008, lk 6).
Therefore, the Commission considers that the requirements of point 43 of the R&R Guidelines have been fulfilled.
ASK (available seat kilometre) – pakutavate istekohtade arvu ja lennatud kilomeetrite arvu korrutis.
Since measures 1, 4 and 5 do not entail state aid, they are not to be taken into account for the purposes of the ‘one time, last time’ principle.
Vt http://www.eurofound.europa.eu/emcc/erm/factsheets/18371/Air%20Baltic%20Corporation?
Moreover, the Latvian authorities have confirmed that airBaltic has not benefited from any rescue or restructuring aid in the past 10 years.
Template=searchfactsheets&kSel=1 ja http://www.baltic-course.com/eng/transport/?doc=42089
The Commission therefore considers that the ‘one time, last time’ principle is respected.
Vt http://atwonline.com/airline-finance-data/news/airbaltic-files-bankruptcy-0921
CONCLUSION AS REGARDS MEASURES 2, 3 AND 6
Allikas: airBalticu 2011. aasta aruanne.
In view of the above, the Commission finds that Latvia unlawfully implemented measures 2, 3 and 6 in favour of airBaltic, in breach of Article 108(3) of the Treaty on the Functioning of the European Union.
Vt näiteks Läti valitsuse 7. septembri 2011. aasta pressiteade (http://www.mk.gov.lv/en/aktuali/zinas/2011/09/070911-cm-01//), mille kohaselt tollane peaminister teadaolevalt ütles, et on väga oluline säilitada airBaltic kui riiklik lennuettevõtja, kes annab logistika ja turistide ligimeelitamise vallas Lätile märkimisväärse eelise ning rõhutab samal ajal olulise tööandjana vajadust teha valikuid, mis on avalikkuse huve silmas pidades kõige soodsamad.
However, the Commission considers that the measures and the restructuring plan meet the conditions required by the R&R Guidelines.
11. septembri 2012. aasta otsus kohtuasjas T-565/08: Corsica Ferries vs. komisjon (veel avaldamata), punkt 122.
The Commission therefore considers the aid compatible with the internal market.
Vt joonealune märkus 24.
Finally, the Commission notes that Latvia agreed to have the present decision adopted and notified in English.
3. oktoobril 2011 oli Läti baasmäär 2,2 %.
HAS ADOPTED THIS DECISION:
Võttes arvesse airBalticu tollaseid raskusi ja laenu tagatise märkimisväärset suurust, tuleks lisada sellele näitajale 400 baaspunkti suurune marginaal, mille tulemusel on kohaldatav baasmäär 6,2 %.
Article 1
Komisjon täheldab sellegipoolest, et esimene riigilaen kapitaliseeriti 3. meetme osana 29. detsembril 2011.
The first State loan of LVL 16 million which the Republic of Latvia granted to airBaltic in 2011, as well as the acquisition by the State of 0 %-coupon bonds from airBaltic in April 2010 and the payment of EUR 2,8 million by Latvijas Krājbanka to airBaltic in November 2011, do not constitute aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Kolmandale meetmele on antud hinnang allpool punktis 7.2.4.
Article 2
3. oktoobri 2011. aasta garantiikirjas on öeldud, et tagatis on kehtetu, kui riik on kasutanud kooskõlas lepingu punktiga 7.4 oma õigusi ja kui riik on omandanud vähemalt 99,78 % airBalticu hääleõigusega aktsiatest.
The second State loan of LVL 67 million and the capital increase of airBaltic, which the Republic of Latvia implemented in 2011, as well as the attribution to airBaltic of a claim of EUR 5 million, which the Republic of Latvia implemented in 2012, constitute aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Lätist sai 99,8 % airBalticu aktsiate omanik 30. novembril 2011.
This Decision is addressed to the Republic of Latvia.
(ELT L 184, 14.7.2011, lk 9).
Done at Brussels, 9 July 2014,
Vt komisjoni otsus riigiabi SA.30908 (ČSA – Czech Airlines – ümberkorralduskava) kohta, punkt 107, ja komisjoni otsus riigiabi SA.33015 (Air Malta plc.) kohta, punkt 93.
For the Commission
Vt ka komisjoni otsus 2010/137/EÜ 28. august 2009, riigiabi C 6/09 (ex N 663/08) kohta – Austria Austrian Airlines – ümberkorralduskava (ELT L 59, 9.3.2010, lk 1), punkt 296, ja komisjoni otsus 2012/542/EL, 21. märts 2012, meetme SA.31479 (2011/C) (ex 2011/N) kohta, mida Ühendkuningriik kavatseb rakendada kontserni Royal Mail Group suhtes (ELT L 279, 12.10.2012, lk 40), punkt 217.
Vice-President
Vastavalt RASK (revenue per available seat kilometre) ja CASK (cost of available seat kilometre).
OJ C 69, 8.3.2013, p. 40.
Vt põhjendus 194.
Exchange rate of EUR 1 = LVL 0,7063.
Nimelt liinid […] vahel.
Average exchange rate for 2011 published by the European Central Bank, available at http://sdw.ecb.europa.eu/reports.do?node=100000233.
Komisjon mõistab, et nende liinide sulgemine on puhtalt kompensatsioonimeede, sest miski ei viita sellele, et nende sulgemine oleks olnud lennukipargi vähendamise vältimatu tagajärg.
Cf. footnote 1.
Vt komisjoni otsus riigiabi SA.30908 (ČSA – Czech Airlines – ümberkorralduskava) kohta, punktid 130 ja 131.
Source: Riga International Airport Yearbook 2011, available at http://www.riga-airport.com/en/main/about-company/gada-gramata.
Vt komisjoni otsus, 13. september 2006, riigiabi N 447/2006 (Läti – regionaalabi kaart 2007–2013) kohta.
See http://bnn-news.com/airbaltic-shareholders-structure-11608.
Kogukulu, mis tekib lennuki üleminekul tarnimisnõuded täitmata jätnud ettevõtjalt uuele kliendile, võib kergesti moodustada kuni […] % lennuki arvestuslikust väärtusest.
The press reports some links between Taurus and a Russian entrepreneur Mr Vladimir Antonov.
Vt Czech Airlinesi käsitleva otsuse punktid 119 ja 145.
The former main shareholder and chairman of the Lithuanian bank Snoras was Mr Vladimir Antonov.
27. oktoobril 2011 toimus Läti ametiasutuste esindajate ja nende nõustajate kohtumine ning pärast seda esitasid Läti ametiasutused 7. novembri 2011. aasta kirjaga lisateavet.
The Central Bank of Lithuania explained that it needed to nationalise Snoras because of the failure to meet regulatory requirements, failure to provide requested information, and the poor condition of assets.
Komisjon palus lisateavet oma 16. novembri, 17. novembri, 1. detsembri ja 9. detsembri 2011. aasta e-kirjadega, millele Läti ametiasutused vastasid vastavalt 16. novembri, 22. novembri, 7. detsembri ja 13. detsembri 2011. aasta e-kirjadega.
See http://en.rian.ru/ business/20120523/173624459.html and http://www.bloomberg.com/news/2011-12-19/antonov-says-he-invested-50-million-euros-in-latvia-s-airbaltic.html.
Komisjon edastas kaebuse 23. jaanuari 2012. aasta kirjaga märkuste esitamiseks Lätile, kes vastas 13. märtsil 2012.
See http://www.lkb.lv/en/about_bank/news/archyve?item=2022&page=6.
14. mai 2012. aasta kirjaga nõudis komisjon Lätilt lisateavet, mis esitati 16. juulil 2012.
See http://www.fktk.lv/en/publications/other_publications/2012-02-07_jsc_latvijas_krajbanka_c/.
Läti esitas menetluse algatamise otsuse kohta märkused 23. jaanuari 2013. aasta kirjaga.
The Minister of Transport explained that the goal of the acquisition was to protect the depositors of Latvijas Krājbanka.
Komisjon küsis Lätilt teavet 6. märtsi 2013. aasta kirjaga, millele vastati 8. aprillil 2013.
Apparently, BAS' financial problems threatened to prevent the State from investing in airBaltic's capital and thus the Government decided to act in the defence of its interests and take control of airBaltic.
Lisaks toimus 25. juunil 2013 kohtumine Läti ametiasutuste esindajatega, pärast mida esitas Läti 14. augustil, 18. septembril, 9. oktoobril ja 25. oktoobril 2013 lisateavet.
See http://www.bloomberg.com/news/2011-12-01/latvia-buys-out-minority-shareholder-in-airbaltic-ministry-says.html and http://www.sam.gov.lv/?cat=8& art_id=2598.
Järgmised Läti ametiasutuste ja nende esindajate kohtumised leidsid aset 22. oktoobril ja 22. novembril 2013 ning 10. jaanuaril 2014.
See http://www.baltic-course.com/eng/transport/?doc=54423.
Komisjoni otsus menetluse algatamise kohta avaldati Euroopa Liidu Teatajas [3] 8. märtsil 2013.
The press also reports that BAS allegedly owed LVL 14 million to Latvijas Krājbanka (see for instance http://www.baltic-course.com/eng/transport/?doc=53861).
Komisjon kutsus huvitatud isikuid üles esitama meetmete kohta märkusi.
According to Latvia, as of August 2013, BAS had not been declared bankrupt despite the attempts of several of its creditors.
Aastatel 2003–2007 ulatus Riia rahvusvahelist lennujaama kasutavate reisijate (sealhulgas nii otse- kui ka transiitlende kasutavad reisijad) keskmine aastakasv 47 %ni, suurenedes ligikaudu 700000 reisijalt 2003. aastal 3,2 miljoni reisijani 2007. aastal.
In addition, it seems that at least since 2010 the main shareholders of airBaltic — the Latvian State and BAS — remained in conflict: the press reports on numerous legal actions between the Latvian State and BAS (see for instance http://atwonline.com/airline-finance-data/news/airbaltic-files-bankruptcy-0921).
Turu kasvule aitas kaasa odavlennuettevõtjate, eelkõige Ryanairi turuletulek, sest uute lennuliinide avamisega tekkis uus ja suur nõudlus.
See http://centreforaviation.com/analysis/airbaltics-restructuring-plan-is-in-full-swing-but-competition-from-estonian-air-is-rising-74754.
Ajakirjanduses avaldatud teabe põhjal selgub, et BAS loodi eraettevõtjana, mis kuulus täielikult Bertolt Flickile kuni 2010. aasta detsembrini, mil 50 % ettevõtja aktsiatest kanti üle Bahama saartel registreeritud ettevõtjale Taurus Asset Management Fund Ltd.-le (edaspidi „Taurus”) [5].
See http://www.eurofound.europa.eu/emcc/erm/factsheets/18371/Air%20Baltic%20Corporation?
Läti andis airBalticule esimese riigilaenu 21. oktoobril 2011 (vt eespool põhjendus 3).
Template=searchfactsheets&kSel=1 and http://www.baltic-course.com/eng/transport/?doc=42089.
BAS andis BASi laenu 1. novembril 2011.
See https://www.airbaltic.com/en/bottom_menu/press-room/press_releases/2011/airbaltic-files-for-legal-protection-airbaltic-to-continue-operations.
Teise riigilaenu esimene, 41,6 miljoni lati (58,89 miljoni euro) suurune osa tehti 14. detsembri 2011. aasta lepinguga airBalticule kohe kättesaadavaks.
The Latvian Ministry of Transport placed an advertisement in the European and British editions of the Financial Times on 27 August 2012 inviting non-binding expressions of interest to participate in the sale of shares issued by airBaltic.
Teine osa summas 25,4 miljonit latti (35,96 miljonit eurot) tehti ettevõtjale kättesaadavaks 14. detsembril 2012, st pärast seda, kui komisjon oli vastu võtnud menetluse algatamise otsuse.
The Latvian State apparently exercised this right on 8 June 2012 (see recital 23 above).
meetme kohta väidavad Läti ametiasutused, et esimese riigilaenu ja teise riigilaenu esimese osa kapitaliks ümberarvestamise aluseks oli 22. detsembril 2011 peetud airBalticu aktsionäride koosolekul vastu võetud BASi samaaegne otsus arvestada BASi laen ümber ja teha 37,7 miljoni lati (53,38 miljoni euro) suurune rahasüst.