natgillin/translations-raw huggingface dataset:
Those are essential elements for finding a measure compatible with the internal market as restructuring aid on the basis of the 2004 R&R Guidelines.
Articolul 6
Measure 3 therefore amounts to State aid incompatible with the internal market.
În termen de două luni de la notificarea prezentei decizii, Estonia trebuie să transmită Comisiei următoarele informații:
Compatibility of measure 4
suma totală (principalul și dobânzile de recuperare) care urmează să fie recuperată de la beneficiar;
In relation to measure 4, the same conclusions as regards measure 3, described in recitals 177 to 180, apply mutatis mutandis.
o descriere detaliată a măsurilor deja adoptate și a celor planificate în vederea conformării cu prezenta decizie;
In particular, the capital increase of EUR 30 million does not meet the requirements of point 15 of 2004 R&R Guidelines for a rescue aid since (a) it does not consist of liquidity support in the form of loan guarantees or loans; (b) Estonia has provided no justification allowing the Commission to consider that measure 3 was provided on the grounds of serious social difficulties; (c) Estonia did not communicate to the Commission a restructuring plan or a liquidation plan six months after the first implementation of the measure; and (d) Measure 3 was not restricted to the amount needed to keep the Estonian Air in business for the period during which the aid is authorised.
documente care să demonstreze că beneficiarul a fost somat să ramburseze ajutorul.
Further, the capital increase of EUR 30 million does not meet the compatibility conditions for restructuring aid under 2004 R&R Guidelines.
Estonia informează Comisia cu privire la evoluția măsurilor naționale luate în vederea punerii în aplicare a prezentei decizii până la recuperarea completă a ajutorului menționat la articolul 2.
The 2011 business plan cannot be considered as a credible restructuring plan since its forecasts were not realistic (see recitals 135 to 137) and it was in fact abandoned very rapidly by mid-2012 in view of the extremely negative results of the airline.
Aceasta transmite imediat, la simpla solicitare a Comisiei, informații privind măsurile care au fost deja adoptate și cele planificate în vederea conformării cu prezenta decizie.
In addition, the Estonian authorities have proposed neither appropriate own contribution by Estonian Air nor adequate compensatory measures.
Aceasta furnizează, de asemenea, informații detaliate privind sumele reprezentând ajutorul și dobânzile aferente recuperării care au fost deja recuperate de la beneficiar.
On the contrary, the capital increase was used to expand Estonian Air’s operations and enter new routes.
Articolul 7
In addition, the Commission observes that according to the ‘one time, last time’ principle of Section 3.3 of the 2004 R&R Guidelines, ‘where less than 10 years have elapsed since the rescue aid was granted or the restructuring period came to an end or implementation of the restructuring plan has been halted (whichever is the latest), the Commission will not allow further rescue or restructuring aid’.
Prezenta decizie se adresează Republicii Estonia.
Insofar as measure 3 (unlawful and incompatible rescue aid) was granted to Estonian Air in November 2010, granting of capital injection (measure 4) would breach the ‘one time, last time’ principle.
Adoptată la Bruxelles, 6 noiembrie 2015.
Of the possible exceptions to this principle according to point 73 of the 2004 R&R Guidelines, only exception (c) (‘exceptional and unforeseeable circumstances for which the company is not responsible’) could be applicable.
Pentru Comisie
However, Estonia has not put forward any argument that would allow the Commission to conclude that measure 4 was provided to Estonian Air on the basis of exceptional and unforeseeable circumstances.
Membru al Comisiei
Therefore, the Commission concludes that measure 4 also amounts to State aid incompatible with the internal market.
JO C 150, 29.5.2013, p.
Compatibility of measure 5
3 și 14.
In the rescue aid opening decisions, the Commission stated that measure 5 fulfilled most of the criteria in Section 3.1 of the 2004 R&R Guidelines concerning rescue aid but expressed doubts on whether the ‘one time, last time’ principle was met.
JO C 141, 9.5.2014, p.
The Commission notes that the ‘one time, last time’ principle of the 2014 R&R Guidelines essentially corresponds to the requirements of the previous 2004 R&R Guidelines.
47.
Given that Estonian Air received the rescue aid in November 2010 (capital injection of EUR 17,9 million — measure 3) and in December 2011 and March 2012 (capital injections of 15 million EUR each — measure 4), the Commission concludes that the ‘one time, last time’ principle has not been observed.
A se vedea nota de subsol 1.
In view of the fact that measures 3 and 4 amount to incompatible and unlawful rescue aid, the Commission concludes that the ‘one time, last time’ principle as set out in recital 70 of the 2014 R&R Guidelines has also been breached in relation to measure 5.
Având în vedere faptul că plângerea a fost prezentată la 23 mai 2013, înainte de notificarea de către Estonia a planului de restructurare a Estonian Air la 20 iunie 2013, plângerea a fost înregistrată în cadrul cazului privind salvarea, și anume SA.35956.
Therefore, it is not necessary to examine whether other criteria of the 2014 R&R Guidelines would also have been met.
Cu toate acestea, având în vedere că plângerea se referea parțial la planurile autorităților estoniene de a recapitaliza compania aeriană, aceasta a fost evaluată în contextul deciziei de inițiere a procedurii cu privire la cazul privind restructurarea, și anume SA.36868.
On this basis, the Commission concludes that measure 5 also amounts to rescue aid incompatible with the internal market.
Decizia de inițiere a procedurii privind ajutorul de restructurare a fost corectată prin Decizia Comisiei C(2014) 2316 final din 2 aprilie 2014.
Compatibility of measure 6
A se vedea nota de subsol 2.
As regards the planned restructuring aid of EUR 40,7 million (measure 6), the Commission’s doubts in relation to the restructuring aid opening decision have not been dispelled in the course of the formal investigation procedure.
Regulamentul nr.
According to point 34 of the 2004 R&R Guidelines, the grant of restructuring aid must be conditional on implementation of a restructuring plan which must be endorsed by the Commission in all cases of individual aid.
1 de stabilire a regimului lingvistic al Comunității Economice Europene (JO 17, 6.10.1958, p.
Point 35 explains that the restructuring plan, the duration of which must be as short as possible, must restore the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions as to future operating conditions.
385/58).
Pursuant to point 36 of the 2004 R&R Guidelines, the restructuring plan must describe the circumstances that led to the company’s difficulties and take account of the present state and future market prospects with best-case, worst-case and base-case scenarios.
Sursa: Raportul anual pe 2013 al AS Tallinna Lennujaam, administrator al Aeroportului din Tallinn, disponibil la adresa http://www.tallinn-airport.ee/upload/Editor/Aastaaruanded/Lennujaama%20aastaraamat_2013_ENG.pdf
The restructuring plan must provide for a turnaround that will enable the company, after completing its restructuring, to cover all its costs including depreciation and financial charges.
Sursa: Raportul anual pe 2014 al AS TallinnaLennujaam, administrator al Aeroportului din Tallinn, disponibil la adresa http://www.tallinn-airport.ee/upload/Editor/Ettevote/Lennujaama%20aastaraamat_ENG_2014_23.5.15.pdf
The expected return on capital must be high enough to enable the restructured firm to compete in the marketplace on its own merits (point 37 of the 2004 R&R Guidelines).
Sursa: Raportul anual consolidat al Estonian Air pentru 2013, disponibil la adresa http://estonian-air.ee/wp-content/uploads/2014/06/ESTONIAN-AIR-ANNUAL-REPORT-2013.pdf
As indicated in the opening decision, the Commission had doubts as to whether the restructuring plan of June 2013 was sufficiently solid in order to restore the long-term viability of Estonian Air.
Sursa: Raportul anual consolidat al Estonian Air pentru 2014, disponibil la adresa https://estonian-air.ee/wp-content/uploads/2014/04/Estonian-Air-Annual-Report-2014-FINAL-Webpage.pdf
Estonia has provided few additional arguments to clarify the doubts of the Commission.
Sursa: Raportul anual pe 2013 al AS Tallinna Lennujaam, a se vedea nota de subsol 8.
Indeed, the Commission reiterates that the scenarios and sensitivity analysis of the restructuring plan may lead, under certain circumstances, to additional funding needs.
Sursa: pagina de internet a Aeroportului din Tallinn (http://www.tallinn-airport.ee/eng/).
The low (pessimistic) case assumes a 12 % decrease of passengers due to the assumption that GDP growth in Europe will continue to be low until 2017.
A se vedea nota de subsol 12.
In this pessimistic case, Estonian Air would reach slightly positive earnings before taxes in 2017 but still have a negative net cash position.
A se vedea http://www.baltic-course.com/eng/transport/?doc=86191
Moreover, the sensitivity analysis shows that relatively minor changes in the assumptions would result, on a stand-alone basis, in the need for additional funding.
A se vedea http://www.aviator.aero/press_releases/13003.
This seriously questions the main aim of the plan to restore the long-term viability of Estonian Air.
La momentul vânzării, AS Estonian Air Regional era inactivă și nu deținea nicio aeronavă, nu avea niciun angajat și nici active.
The fact that Estonian Air’s performance in 2013 was broadly in line with the forecasts is irrelevant for the ex ante assessment of the restructuring plan.
Sursa: Revizuirea performanței companiei Estonian Air în prima jumătate a anului 2012, disponibilă la adresa http://estonian-air.ee/wp-content/uploads/2014/04/ENG-1H-2012.pdf
In addition, this was no longer the case in 2014 with revenues as well as profits below the forecasts in the restructuring plan.
A se vedea nota de subsol 10.
As regards the measures to limit undue distortions of competition (compensatory measures), the restructuring plan foresees the release of slots at three coordinated airports (London Gatwick, Helsinki and Vienna) and the discontinuation of 12 routes, which would account for 18 % of Estonian Air’s capacity before restructuring.
A se vedea nota de subsol 11.
According to Estonia’s submissions, the ‘DOC contribution level’ covers all variable costs (passenger-related, roundtrip-related and fuel costs) but not payroll, fleet, maintenance and department costs.
A se vedea, de asemenea, http://www.e24.ee/1106240/estonian-airile-makstakse-valja-kolm-miljonit-eurot/.
The ‘contribution margin level 1’ is defined as the total revenue less the passenger-related variable costs over total revenue, while the ‘profitability margin’ includes fixed costs (fixed maintenance costs, crew costs and fleet-related costs) but not overheads.
A se vedea raportul anual consolidat al Estonian Air pentru 2014, disponibil la adresa https://estonian-air.ee/wp-content/uploads/2014/04/Estonian-Air-Annual-Report-2014-FINAL-Webpage.pdf, precum și articolul de presă „Estonian government approves of last loan payment to Estonian Air” (Guvernul estonian aprobă ultima tranșă a împrumutului acordat companiei Estonian Air) din 20 noiembrie 2014: http://www.baltic-course.com/eng/transport/?doc=99082
According to the Commission’s practice in a number of restructuring aid cases in the aviation sector, routes are considered profitable if they had a positive C1 contribution margin in the year preceding their surrender [51].
Câștiguri înainte de dobânzi, impozite, depreciere și amortizare.
The C1 contribution takes account of flight, passenger and distribution costs (namely variable costs) attributable to each individual route.
Cursul de schimb 1 EUR = 15,65 EEK.
The C1 contribution is the appropriate figure since it takes into account all costs which are directly linked to the route in question.
Planul de restructurare menține următoarele 10 rute „principale”: Amsterdam (AMS), Stockholm (ARN), Bruxelles (BRU), Copenhaga (CPH), Kiev (KBP), Sankt Petersburg (LED), Oslo (OSL), Moscova Sheremetyevo (SVO), Trondheim (TRD) și Vilnius (VNO).
Routes with a positive C1 contribution not only cover the variable costs of a route, but also contribute to covering the fixed costs of the company.
Rutele sezoniere sunt Paris Charles de Gaulle (CDG) și Nisa (NCE).
The Commission’s observes that the ‘DOC contribution level’ is largely equivalent to the C1 contribution.
Cu toate acestea, reiese din articolele de presă și din declarațiile publice ale companiei Estonian Air că aceasta a operat – și intenționează să opereze în viitor – și alte rute sezoniere decât cele incluse în planul de restructurare, și anume München (MUC), Split (SPU) și Berlin (TXL).
On this basis, the Commission notes that only two routes (Venice and Kuressaare) — representing together only around 1 % of the company’s capacity in terms of ASK — would actually be profitable and could be counted as proper compensatory measures.
De asemenea, se pare că, începând cu anul 2015, Estonian Air intenționează să adauge Milano (MXP) în oferta sa de rute sezoniere.
Estonia argues that given the increase in yields under the new strategy foreseen in the restructuring plan, these routes could have been profitable in the new network and that these routes would be beneficial to other airlines to the extent they would get the marginal return from passengers who formerly flew with Estonian Air.
ASK reprezintă.numărul de locuri disponibile pentru o anumită distanță exprimată în kilometri (numărul de locuri dintr-un avion înmulțit cu numărul de kilometri parcurși).
However, Estonia does not provide any specific calculations as to the possible level of profitability under the new business model.
ASK este cel mai important indicator al capacității unei companii aeriene, fiind utilizat de industria transporturilor aeriene și chiar de către Comisie în cazurile anterioare de restructurare în sectorul transporturilor aeriene.
On the contrary, the restructuring plan clearly indicates that these routes ‘cannot be operated at a profit at this point in time, nor can they contribute to the cost of the aircraft’.
Marja contribuției de nivel 1 este definită ca veniturile totale minus costurile variabile legate de pasageri din veniturile totale.
Therefore, in line with the Commission’s established case practice, 10 out of the 12 proposed routes cannot be accepted as compensatory measures.
Planul definește contribuția DOC ca fiind veniturile totale minus costurile legate de pasageri, călătoriile dus-întors și cele legate de combustibil din veniturile totale.
The Commission concludes that in order to outweigh the adverse effect of the restructuring aid for Estonian Air, it is not sufficient to release slots in three coordinated airports and to cancel two profitable routes representing around 1 % of the airline’s capacity.
Infortar este unul dintre cele mai mari grupuri de investiții private din Estonia cu interese în transportul maritim (inclusiv o participație de 36 % în Tallink, o mare companie de transport maritim de pasageri și de mărfuri în regiunea Mării Baltice), imobiliare, servicii financiare etc. În 2013, grupul Infortar a obținut un profit net de 20 de milioane EUR și deținea active în valoare de 432 de milioane EUR.
The proposed own contribution of Estonian Air according to the restructuring plan consists of EUR 27,8 million from the planned sale of three aircraft in 2015; EUR 7,5 million from the sale of an office building to Tallinn Airport; EUR 2 million from the sale of other non-core assets; and EUR 0,7 million from a new loan provided by […].
JO C 244, 1.10.2004, p.
The main part of the own contribution (the planned sale of three aircraft) should take place in 2015 and there is no binding agreement to sell the aircraft.
2.
However, Estonia provided a prima facie credible valuation by a consultancy company estimating a possible sale price for the type of the aircraft concerned.
Factorul de mobilitate reprezintă numărul pasagerilor transportului aerian împărțit la populația țării.
Further, Estonia has indicated that the airline is now holding discussions with potential partners for a sale-and-lease-back transaction.
Hotărârea din 12 decembrie 1996, Air France/Comisia, T-358/94, Rec., EU:T:1996:194, punctele 148 și 149.
On this basis, and bearing in mind previous airline cases, the Commission considers that the proposed own contribution reaching EUR 36,44 million — out of the total restructuring costs of EUR 78,7 million (see recital 55) or 46,3 % of the restructuring costs — is acceptable in view of the fact that Estonia is an assisted area.
Orientări privind aplicarea articolelor 92 și 93 din Tratatul CE și a articolului 61 din Acordul privind SEE ajutoarelor de stat din sectorul aviației (JO C 350, 10.12.1994, p.
Although the own contribution appears acceptable, the Commission’s doubts on the return to long-term viability and compensatory measures have not been dispelled.
5).
Finally, as in case of measures 4 and 5, the Commission concludes that for the same reasons the ‘one time, last time’ principle has also been breached in relation to measure 6.
Multiplicatorul VÎ/Vânzări este un indicator de evaluare care compară valoarea întreprinderii unei societăți în raport cu vânzările societății, oferind investitorilor o idee despre costurile achiziționării vânzărilor societății.
Several aid measures (measures 3, 4 and 5) had been granted to Estonian Air in difficulty over the years 2010-2014.
Hotărârea în cauza Franța/Comisia (Stardust Marine), C-482/99, EU:C:2002:294, punctul 52.
In addition, the exceptions in point 73 of the 2004 R&R Guidelines are not applicable.
A se vedea planul de afaceri din 2010, paginile 16 și 17.
Given the non-acceptability of the modified restructuring plan of 31 October 2014, the restructuring aid cannot be considered as following the rescue aid as part of a single restructuring operation (condition (a) of point 73).
A se vedea evaluarea internă a companiei Estonian Air elaborată de autoritățile estoniene, „Evaluarea valorii companiei AS Estonian Air”, pagina 2.
In addition, the Estonian authorities have not put forward any exceptional or unforeseeable circumstances under condition (c) of point 73.
A se vedea http://www.bloomberg.com/news/2010-04-22/estonia-government-nears-accord-on-buying-control-of-estonian-air-from-sas.html
Therefore, the restructuring aid (measure 6) foreseen in the restructuring plan of June 2013 does not fulfil the criteria of the 2004 R&R Guidelines and amounts to incompatible State aid.
A se vedea http://news.err.ee/v/economy/fe650a96-9daa-43e4-91eb-ab4396445593
RECOVERY
Hotărârea în cauza Belgia/Comisia (Boch), C-40/85, EU:C:1986:305, punctul 13.
According to the Treaty and the Court of Justice’s established case law, the Commission is competent to decide that the Member State concerned must abolish or alter aid [52] when it has found that it is incompatible with the internal market.
A se vedea, de asemenea, hotărârea din 21 ianuarie 1999, Neue Maxhütte Stahlwerke GmbH/Comisia, T-129/95, T-2/96 și T-97/96, ECR, EU:T:1999:7, punctul 132.
The Court has also consistently held that the obligation of a Member State to abolish aid regarded by the Commission as being incompatible with the internal market is designed to re-establish the previously existing situation [53].
Cel „de al treilea pachet” a inclus trei măsuri legislative: (i) Regulamentul (CEE) nr.
In this context, the Court has established that that objective is attained once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to the payment of the aid is restored [54].
2407/92 al Consiliului din 23 iulie 1992 privind licențele operatorilor de transport aerieni (JO L 240, 24.8.1992, p.
Following that case-law, Article 16 of Council Regulation (EU) 2015/1589 [55] states that ‘where negative decisions are taken in respect of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary’.
1); (ii) Regulamentul (CEE) nr.
Given that the measures at hand are to be considered incompatible aid, the aid has to be recovered in order to re-establish the situation that existed on the market prior to the granting of the aid.
2408/92 al Consiliului din 23 iulie 1992 privind accesul operatorilor de transport aerieni din Comunitate la liniile aeriene intracomunitare (JO L 240, 24.8.1992, p.
Recovery shall take effect from the time when the advantage occurred to the beneficiary, namely when the aid was put at the disposal of the beneficiary and shall bear recovery interest until effective recovery.
8); și (iii) Regulamentul (CEE) nr.
With regard to the 2010 capital increase (measure 3), the Commission considers that, given the lack of any realistic possibility for the State to recover its investment, the totality of the EUR 17,9 million injected by the State in cash is the aid element.
2409/92 din 23 iulie 1992 al Consiliului privind tarifele serviciilor aeriene pentru transportul de pasageri și de marfă (JO L 240, 24.8.1992, p.
The same conclusion applies to the 2011/2012 capital increase (measure 4), for which the aid element amounts to the totality of the EUR 30 million injected by the State in cash.
15).
In relation to measure 5, the Commission considers that in view of the financial situation of Estonian Air at the moment of the granting the rescue loan facility loans, the State had no valid reason to expect repayment.
A se vedea http://www.iata.org/whatwedo/Documents/economics/Industry-Outlook-December2011.pdf
Since the Commission considers that the conditions for rescue aid of the 2015 R&R Guidelines are not met, Estonia must ensure that Estonian Air reimburses the rescue loan provided to Estonian Air for the total amount of EUR 37 million.
Decizia 2011/414/UE a Comisiei din 14 decembrie 2010 privind ajutorul de stat C 8/10 (ex N 21/09 și NN 15/10) pus în aplicare de Grecia în favoarea Varvaressos S.A.
In case there is due and not paid interest, it should be included in the aid element.
(JO L 184, 14.7.2011, p.
Finally, as regards the notified restructuring aid (measure 6), it has not been yet provided to Estonian Air and there is therefore no need to order recovery.
9).
CONCLUSION
A se vedea, de asemenea, Decizia (UE) 2015/1091 a Comisiei din 9 iulie 2014 privind măsurile SA.34191 (2012/C) (ex 2012/NN) (ex 2012/CP) puse în aplicare de Letonia pentru A/S Air Baltic Corporation (airBaltic) (JO L 183, 10.7.2015, p.
The Commission finds that Estonia has unlawfully implemented measures 3, 4 and 5 in breach of Article 108(3) of the Treaty.
1).
In addition, those measures are incompatible with the internal market.
O perioadă de restructurare de 5 ani și 6 luni a fost considerată ca fiind nejustificat de lungă în cazul ajutorului de restructurare acordat companiei Cyprus Airways – a se vedea Decizia (UE) 2015/1073 a Comisiei din 9 ianuarie 2015 privind ajutoarele de stat SA.35888 (2013/C) (ex 2013/NN) SA.37220 (2014/C) (ex 2013/NN) SA.38225 (2014/C) (ex 2013/NN) puse în aplicare de Cipru în favoarea societății Cyprus Airways (Public) Ltd (JO L 179, 8.7.2015, p.
The incompatible aid should be recovered from Estonian Air as set out in Section 8. in order to re-establish the situation that existed on the market prior to the granting of the aid.
83), considerentele 144 și 157.
In addition, the Commission finds that the notified restructuring aid of EUR 40,7 million (measure 6) constitutes incompatible aid.
În deciziile pozitive anterioare referitoare la ajutoare de restructurare acordate în favoarea companiilor aeriene, perioada de restructurare nu a depășit, în mod normal, 5 ani, a se vedea Decizia (UE) 2015/1091, considerentul 179; Decizia (UE) 2015/494 a Comisiei din 9 iulie 2014 privind ajutorul de stat SA.32715 (2012/C) (ex 2012/NN) (ex 2011/CP) pus în aplicare de Slovenia în favoarea Adria Airways d.d.