natgillin/translations-raw huggingface dataset:
The varying numbers used for the calculation with regard to investments/CAPEX further contribute to a different risk assessment of both studies.
Nu este necesar să se decidă dacă un posibil ajutor de stat acordat în favoarea FLG constituie ajutor de stat în sensul articolului 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene și, în caz afirmativ, dacă acesta ar putea fi declarat compatibil cu piața internă, întrucât FLG și-a încetat activitatea economică și ajutorul nu mai poate fi recuperat.
In the light of these considerations, the Commission concludes that Purchase Price II as specified in the 2005 Participation Agreement complies with the market conditions and that no economic advantage has been granted to Infratil.
Vânzarea a 90 % din acțiunile FLG companiei Infratil și condițiile opțiunii „put” renegociate în 2009 nu constituie ajutor de stat în sensul articolului 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene.
Conclusion on the overall profitability of the deal
Articolul 3
It follows from the assessment of the measure set out above that Hansestadt Lübeck was faced with the decision to either close the airport, to continue its loss-making operation or to sell Lübeck airport.
Acordul din 2000 dintre Ryanair și aeroportul din Lübeck nu constituie ajutor de stat în sensul articolului 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene.
Hansestadt Lübeck chose the most economic option available when deciding to sell the airport.
Articolul 4
When assessing the concrete terms of the 2005 Participation Agreement, the interrelation of the two scenarios (i.e. Purchase Price I and the put option and Purchase Price II) needs to be taken into account.
Tarifele pentru degivrarea aeronavelor nu constituie ajutor de stat în sensul articolului 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene.
As it has been found that it was reasonable from an ex ante perspective to consider both the payment of Purchase Price II and the exercise of the put option as possible, the risks for both parties resulting from this have to be considered.
Articolul 5
Especially with regard to the potential financial losses of Infratil resulting from the exercise of the put option, the Commission considers it unlikely that a private seller in the stead of Hansestadt Lübeck would have been able to negotiate a more favourable agreement.
Prezenta decizie este adresată Republicii Federale Germania.
The Commission therefore concludes that Hansestadt Lübeck acted like a MEO when negotiating the 2005 Participation Agreement.
Adoptată la Bruxelles, 7 februarie 2017.
As a result, the measure did not grant Infratil any economic advantage and did not constitute State aid.
Pentru Comisie
The 2009 Additional Agreement and the renegotiation of the put option — Takeover of losses, investments and other costs of FLG in 2009
Membră a Comisiei
As stated above, the 2009 Additional Agreement signed on 12 November 2008 did not modify the amounts payable for the put option under the 2005 Participation Agreement, but included the takeover of losses, agreed investments and other costs related to the operation of Lübeck airport in 2009, resulting in a total put option price of EUR […] (see recital 90).
JO C 287, 29.11.2007, p. 27.
In its 2012 Opening decision, the Commission had opened investigations into two separate measures:
JO C 295, 7.12.2007, p. 29 și JO C 241, 10.8.2012, p. 56.
the takeover of losses, investments and other measures of FLG in 2009,
Infratil este o societate de investiții în infrastructură cu sediul în Noua Zeelandă, care investește în energie, în sectorul aeroportuar și al transportului public.
the difference between the put option price agreed in 2005 and the actual put option price paid.
Aceasta a deținut și a operat în special următoarele aeroporturi: aeroportul Wellington International, Noua Zeelandă; Glasgow Prestwick Airport și Kent International Airport, Regatul Unit.
However, on the basis of the information received, the Commission finds that these two issues concern the same measure, namely the 2009 Additional Agreement between Hansestadt Lübeck and Infratil.
Între timp, aceasta a renunțat la investițiile în aeroporturile europene.
To determine whether the put option price under the 2009 Agreement included an economic advantage for Infratil, the Commission needs to apply the MEO test.
Ryanair este o companie aeriană irlandeză și membră a European Low Fares Airlines Association.
In order to be able to determine whether Hansestadt Lübeck chose the financially most advantageous option available, the Commission has to place itself in the position of a private shareholder at the time when the agreement was signed [56].
Activitatea companiei aeriene era legată de aeroporturi regionale secundare.
The Commission finds that after Infratil announced its intention to exercise its put option in 2009, Hansestadt Lübeck was faced with the following options:
Compania aeriană operează în prezent aproximativ 160 de destinații europene.
close the airport;
Ryanair a avut o flotă omogenă formată din 272 de aeronave Boeing 737-800 cu 189 de locuri.
search for a new private operator and meanwhile
În 2007, când a fost luată decizia de inițiere a procedurii, Ryanair opera 23 de zboruri pe săptămână, de pe aeroportul din Lübeck spre 5 destinații europene, și anume Londra-Stansted din Regatul Unit, Mailand-Bergamo și Pisa din Italia, Palma de Mallorca din Spania și Stockholm-Skavsta din Suedia.
resume the operation of the airport; or
JO C 295, 7.12.2007, p. 29.
sign the 2009 Additional Agreement so that Infratil would continue the operation of the airport until a new operator was found.
Peter C. Klanowski și Horst Conrad.
The option of closing the airport (option a) would have required Hansestadt Lübeck to pay the put option price of EUR […] (see recital 238) immediately and to initiate the procedure for closing the airport, facing additional costs (see the Berenberg study, presented in Table 9).
Regulamentul (CE) nr. 659/1999 al Consiliului din 22 martie 1999 de stabilire a normelor de aplicare a articolului 93 din Tratatul CE (JO L 83, 27.3.1999, p. 1).
In the first subscenario of option b (Hansestadt Lübeck resumes operation of the airport until a new private investor is found), Hansestadt Lübeck would have had to pay the put option price to Infratil laid down in the 2005 Participation Agreement and to cover all costs arising from the operation of the airport until a new investor would be found.
Comunicarea Comisiei – Orientări privind ajutoarele de stat destinate aeroporturilor și companiilor aeriene (JO C 99, 4.4.2014, p. 3).
Deriving from the put option price paid in 2009 (see Table 3), the costs for operating losses, investment, the planning approval process and legal costs alone would have amounted to EUR […].
JO C 113, 15.4.2014, p. 30.
Therefore, already by October 2009, Hansestadt Lübeck would have faced costs of approximately EUR […] (put option price according to 2005 Participation Agreement plus operating costs for November 2008 to October 2009).
Aceasta este o organizație neguvernamentală înregistrată în conformitate cu Directiva 2003/35/CE a Parlamentului European și a Consiliului din 26 mai 2003 de instituire a participării publicului la elaborarea anumitor planuri și programe privind mediul și de modificare a Directivelor 85/337/CEE și 96/61/CE ale Consiliului în ceea ce privește participarea publicului și accesul la justiție (JO L 156, 25.6.2003, p. 17).
Germany submitted that a resale of FLG to a new private investor would have required a new Union wide tender procedure, which is estimated to take a minimum of 12 months.
Înainte de inițierea procedurii, măsurile au fost investigate în cazurile CP 31/2009 (SA.27585) și CP 162/2010 (SA.31149).
The Commission notes that a private operator would indeed have taken into account the estimated duration of the tender procedure.
JO C 241, 10.8.2012, p. 56.
In this scenario, assuming that Infratil would exercise its put option in October 2009, Hansestadt Lübeck would have had to pay the put option price under the 2009 Additional Agreement.
Yasmina era o filială deținută în proporție de 100 % de 3 Y Logistic und Projektbetreuung GmbH (denumită în continuare „3Y”), o societate de investiții deținută de o persoană fizică, și anume Adel Mohamed Saleh M. Alghanmi din Arabia Saudită.
As this price consists of the put option price of the 2005 Participation Agreement and additional costs relating to the operation of the airport in 2009, the potential costs for Hansestadt Lübeck are comparable to those of the second scenario.
Yasmina a fost înființată în scopul de a achiziționa și a opera aeroportul din Lübeck.
The 2009 Additional Agreement had however an advantage for HL in so far as it provided Hansestadt Lübeck with the time to prepare a tender to find a new investor.
Cauza T-461/12, Hansestadt Lübeck/Comisia Europeană, ECLI:EU:T:2014:758.
Furthermore, the immediate departure of Infratil carried the risk of causing Ryanair to reduce its services at Lübeck airport, and thereby to potentially enlarge future operating losses.
Cauza C-524/14 P, Comisia/Hansestadt Lübeck, ECLI:EU:C:2016:971.
In the light of these considerations, the Commission concludes that signing the 2009 Additional Agreement was the most advantageous option available and that Hansestadt Lübeck therefore acted like a MEO.
Bürgerschaft de Hansestadt Lübeck este format din reprezentanți ai cetățenilor din oraș.
This has proven to be true from an ex post perspective, since a new investor was only found in 2012.
Decizia privind acordul de urbanism, care permitea realizarea unor acțiuni de dezvoltare a aeroportului din Lübeck și care a fost luată la 20 ianuarie 2005, vizând diverse măsuri de infrastructură, a fost contestată în instanță de diferite părți interesate.
Furthermore, the elements of the put option price correspond to those under the 2005 Participation Agreement and merely expand the components of the put option price to the costs in 2009.
În cadrul procedurii intermediare, instanța superioară a luat două hotărâri judecătorești cu putere de lege: Aceste hotărâri sunt: Hotărârea 4 MR 1/05 din 18 iulie 2005 a Curții Administrative Superioare din Schleswig (OVG) și Hotărârea 101/05 din 21 octombrie 2005 a Curții Administrative Superioare din Schleswig (OVG).
Like the 2005 Participation Agreement, the 2009 Additional Agreement also contains a limit for the operating losses and investment costs to be paid by Hansestadt Lübeck.
Acordul de urbanism a fost respins în temeiul acestor hotărâri.
On the basis of those considerations, the Commission concludes that there was no economic advantage granted to Infratil and thus the measure did not constitute State aid.
Informații confidențiale.
Economic advantage
„Aplicarea articolelor 92 și 93 din Tratatul CE și a articolului 61 din Acordul privind SEE la ajutoarele de stat din sectorul aviației” ( JO C 350, 10.12.1994, p. 5.)
Where an airport has public resources at its disposal, aid to an airline can, in principle, be excluded where the relationship between the airport and the airline satisfies the MEO test.
Cauza C-482/99, Franța/Comisia („Stardust Marine”), ECLI:EU:C:2002:294.
Under the 2014 Aviation Guidelines [57], the existence of aid to an airline using a particular airport can, in principle, be excluded if the price charged for the airport services corresponds to the market price (‘first approach’), or if it can be demonstrated through an ex ante analysis — that is to say one founded on information available when the aid is granted and on developments foreseeable at the time — that the airport/airline arrangement will lead to a positive incremental profit contribution for the airport and is part of an overall strategy leading to profitability at least in the long term (‘second approach’).
Cauza T-163/05, Bundesverband deutscher Banken/Comisia (Helaba I), ECLI:EU:T:2010:59.
The second approach means that it must be assessed whether, at the date when an agreement was concluded, a prudent market economy operator would have expected the agreement to be incrementally profitable.
Cauza C-280/00, Altmark Trans GmbH und Regierungspräsidium Magdeburg/Nahverkehrsgesellschaft Altmark GmbH, ECLI:EU:C:2003:415.
This to be measured by the difference between the incremental revenues expected to be generated by the agreement (that is, the difference between the revenues that would be achieved if the agreement were concluded and the revenues that would be achieved in the absence of the agreement) and the incremental costs expected to be incurred as a result of the contract (that is, the difference between the costs that would be incurred if the agreement were concluded and the costs that would be incurred in the absence of the agreement), the resulting cash flows being discounted with an appropriate discount rate.
Raportul Oxera, Evaluare economică a principiului operatorului economic privat: Aeroportul din Lübeck, 6 februarie 2015.
As regards the first approach (a comparison with the ‘market price’), the Commission does not consider that, at the present time, an appropriate benchmark can be identified to establish a true market price for services provided by airports [58].
Planul de afaceri „Takeoff Konzept” din 21 decembrie 2009, a se vedea http://www.luebeck.de/stadt_politik/rathaus/wahlen/files/M21_Take_off_Konzept_HL-Umdruck_17-156_WA_Ltsh.pdf
It therefore considers an ex ante incremental profitability analysis to be the most relevant approach for the assessment of arrangements concluded by airports with individual airlines.
Cauza T-196/04, Ryanair/Comisia („Charleroi”), ECLI:EU:T:2008:585.
It should be noted that, in general, the application of the MEO principle based on an average price on other, similar markets may prove helpful if such a price can be reasonably identified or deduced from other market indicators.
Decizia Comisiei din 12 noiembrie 2008 având ca obiect ajutorul de stat N 510/2008, – Italia – Vânzare de active ale companiei aeriene Alitalia (JO C 46, 25.2.2009, p. 6).
Moreover, the liberalisation of the air transport market complicates any purely comparative analysis.
Cauza T-123/09, Ryanair Ltd/Comisia, ECLI:EU:T:2012:164, punctul 156.
As can be seen in this case, commercial practices between airports and airlines are not always based exclusively on a published schedule of charges.
Directiva 2001/23/CE a Consiliului din 12 martie 2001 privind apropierea legislației statelor membre referitoare la menținerea drepturilor lucrătorilor în cazul transferului de întreprinderi, unități sau părți de întreprinderi sau unități (JO L 82, 22.3.2001, p. 16).
Rather, these commercial relations vary to a great extent.
Bürgerliches Gesetzbuch [BGB] Aug.
They include sharing risks with regard to passenger traffic and any related commercial and financial liability, standard incentive schemes and changing the spread of risks over the term of the agreements.
1896, para 613a 242.
Consequently, one transaction cannot really be compared with another based on a turnaround price or price per passenger.
Decizia Comisiei din 4 aprilie 2012 SA.34547 – France – Reprise des actifs du groupe SERNAM dans le cadre de son redressement judiciaire.
In addition, benchmarking is not an appropriate method to establish market prices if the available benchmarks have not been defined with regard to market considerations or the existing prices are significantly distorted by public interventions.
Un proces de diligență constă în examinarea, în mod normal de către un cumpărător, a unui posibil obiectiv de fuzionare, achiziție, privatizare sau a unei tranzacții financiare similare desfășurate la nivel corporativ.
Such distortions appear to be present in the aviation industry, for reasons explained in paragraphs 57 to 59 of the 2014 Aviation Guidelines:
Comunicare a Comisiei privind noțiunea de ajutor de stat astfel cum este menționată la articolul 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene, (JO C 262, 19.7.2016, p. 1), considerentul 94.
‘Publicly owned airports have traditionally been considered by public authorities as infrastructures for facilitating local development and not as undertakings operating in accordance with market rules.
Cauza T-415/05, Grecia/Comisia, ECLI:EU:T:2010:386, punctul 146.
Those airports' prices consequently tend not to be determined with regard to market considerations and in particular sound ex ante profitability prospects, but essentially having regard to social or regional considerations.
Curtea a constatat că inconsecvența economică ar putea indica o continuitate financiară.
In those circumstances, the Commission has strong doubts that at the present time, an appropriate benchmark can be identified to establish a true market price for services provided by airports.
Dreptul insolvenței („Insolvenzordnung”) din 5 octombrie 1994 (BGBl.
Moreover, as the Union courts have recalled, benchmarking by reference to the sector concerned is merely one analytical tool amongst others to determine if a beneficiary has received an economic advantage which it would not have obtained in normal market conditions [61].
I S. 2010).
Ryanair essentially argued that the MEO test can be applied based on a comparison with the commercial arrangements of other European airports.
Cauza C-342/96, Regatul Spaniei/Comisia, ECLI:EU:C:1999:210, punctul 41; cauza C-39/94, Syndicat francais de l'Express international (SFEI) și alții/La Poste și alții, ECLI:EU:C:1996:285, punctul 60.
In particular, it compared charges paid by Ryanair at Bournemouth, Grenoble, Knock, Maastricht, Nîmes and Prestwick airports with the charges paid by Ryanair under the agreements at Lübeck airport.
A se vedea, de exemplu: Cauza T-296/97, Alitalia/Comisia, ECLI:EU:T:2000:289; cauzele T-228/99 și T-233/99, WestLB/Comisia, ECLI:EU:T:2003:57; cauza T-366/00, Scott SA/Comisia, ECLI:EU:T:2007:99; cauzele C-328/99 și C-399/00, Italia și SIM 2 Multimedia/Comisia, ECLI:EU:C:2003:252; cauza T-358/94, Air France/Comisia, ECLI:EU:T:1996:194.
The study did not assess whether the sample of benchmark airports fulfilled all the criteria spelled out in the 2014 Aviation guidelines, as it only assessed traffic volumes, type of airport traffic and prosperity of the surrounding area [62].
Al douăzeci și treilea raport privind politica în domeniul concurenței, 1993, p. 255.
In its 2012 Opening decision, the Commission compared the charges laid down in the March and October 2010 Side letters with charges at Hamburg airport, which led to doubts as to the market conformity of the charges laid down in the Side letters.
Decizia Comisiei C(2013) 3546 final din 19 iunie 2013, SA.36197(N/2013) – Privatizarea ANA în Portugalia – Aeroportos de Portugal (JO C 256, 5.9.2013, p. 3); cauza C-40/85, Belgia/Comisia, ECLI:EU:C:1986:305.
The Commission notes that traffic volume in Lübeck is much lower than in Hamburg airport.
Cauza C-482/99, Franța/Comisia („Stardust Marine”), ECLI:EU:C: 2002:294, punctul 71.
In fact, Hamburg is the airport with the most traffic in Northern Germany.
Evaluare realizată de către Berenberg Consult GmbH (o filială a Hamburger Privatbank Berenberg).
Hamburg is used for all segments of air transport, whereas Lübeck was specialised in low cost carriers which required fewer check-incounters and facilities for transfer passengers, no passenger busses, less luggage handling personnel and facilities, less cleaning personnel, and allowed for a shorter circulation time.
A se vedea punctul 403 din cel de al douăzeci și treilea raport privind politica în domeniul concurenței al Comisiei Europene, 1993; punctul 4.2.3.1 din Comunicarea Comisiei privind noțiunea de ajutor de stat astfel cum este menționată la articolul 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene (JO C 262, 19.7.2016, p. 1).
In addition to those considerations, the airport infrastructure must be open to all airlines and not dedicated to a specific airline in order to exclude that the advantage resulting from compatible aid to the airport operator is passed on to a specific airline.
A se vedea punctele 57-59 din Orientările din 2014 privind sectorul aviației.
The Commission also notes in this context that price differentiation is a standard business practice.
A se vedea, referitor la evaluarea comparativă prin raportare la rentabilitatea din sector (spre deosebire de prețuri), cauzele conexate T-319/12 și T-321/12, Spania și Ciudad de la Luz/Comisia, ECLI:EU:T:2014:604, punctul 44.
Such differentiated pricing policies should, however, be commercially justified.
A se vedea punctul 60 din Orientările din 2014 privind sectorul aviației pentru includerea în evaluare a unor criterii suplimentare.
The Commission considers that arrangements concluded between airlines and an airport can be deemed to satisfy the MEO test when they incrementally contribute, from an ex ante point of view, to the profitability of the airport.
A se vedea punctele 59 și 63 din Orientările din 2014 privind sectorul aviației.
The airport should demonstrate that, when setting up an arrangement with an airline (for example, an individual contract or an overall scheme of airport charges), it is capable of covering all costs stemming from the arrangement, over the duration of the arrangement, with a reasonable profit margin on the basis of sound medium-term prospects [64].
A se vedea punctul 63 din Orientările din 2014 privind sectorul aviației.
In order to assess whether an arrangement concluded by an airport with an airline satisfies the MEO test, expected non-aeronautical revenues stemming from the airline's activity must be taken into consideration together with airport charges, net of any rebates, marketing support or incentive schemes.
A se vedea punctul 64 din Orientările din 2014 privind sectorul aviației.
Similarly, all expected costs incrementally incurred by the airport in relation to the airline's activity at the airport have to be taken into account.
Orientările din 2014 privind sectorul aviației, punctul 64; Decizia (UE) 2015/1226 a Comisiei din 23 iulie 2014 privind ajutorul de stat SA.33963 (2012/C) (ex 2012/NN) pus în aplicare de Franța în favoarea Camerei de Comerț și Industrie din Angoulême, a SNC-Lavalin, a Ryanair și a Airport Marketing Services (JO L 201, 30.7.2015, p. 48); Decizia (UE) 2015/1584 a Comisiei din 1 octombrie 2014 privind ajutorul de stat SA.23098 (C 37/07) (ex NN 36/07) pus în aplicare de Italia în favoarea întreprinderii Società di Gestione dell'Aeroporto di Alghero So.Ge.A.AL S.p.A. și a mai multor transportatori aerieni care operează pe aeroportul Alghero (JO L 250, 25.9.2015, p. 38); Decizia (UE) 2016/2069 a Comisiei din 1 octombrie 2014 privind măsurile SA.14093 (C 76/2002) puse în aplicare de Belgia în favoarea Brussels South Charleroi Airport și a companiei aeriene Ryanair (JO L 325, 30.11.2016, p. 63).
Such incremental costs may encompass all categories of expenses or investments, such as incremental personnel, equipment and investment costs induced by the presence of the airline at the airport [65].
Cauza T-196/04, Ryanair/Comisia („Charleroi”), ECLI:EU:T:2008:585, punctul 59.
The Commission considers in its constant decision making practice that costs which the airport would have to incur anyway, independently from the arrangement with the airline, should not be taken into account in the MEO test [66].
Cauza C-305/89, Republica Italiană/Comisia Comunităților Europene (Alfa Romeo), ECLI:EU:C:1991:142.
According to the Charleroi judgement [67] when assessing the measures in question the Commission has to take into account all the relevant features of the measures and their context.
Raportul a fost menționat anterior la punctul 7.3.1.1 cu privire la rentabilitatea acordului dintre HL și Infratil.
In other words, the Commission has to analyse the expected impact of the agreement with Ryanair on FLG, taking into account all relevant features of the measure in question.
Conform Deciziei (UE) 2015/1226.