natgillin/translations-raw huggingface dataset:
Also, Estonian Air stopped paying some major suppliers in November 2011 and by the end of that month the working capital was not in balance: the accounts receivable were EUR 5,5 million, while the accounts payable were EUR 10,6 million.
Pokiaľ ide o navýšenie kapitálu v roku 2010 (opatrenie č. 3), Komisia sa domnieva, že vzhľadom na to, že štát nemá reálnu možnosť získať späť svoju investíciu, celá suma 17,9 milióna EUR vložená v peňažných prostriedkoch štátom predstavuje prvok pomoci.
Default of payment is a typical sign of a firm in difficulty.
Pokiaľ ide o opatrenie č. 5, Komisia sa domnieva, že vzhľadom na finančnú situáciu spoločnosti Estonian Air v čase poskytnutia úverov na záchranu štát nemal žiadny opodstatnený dôvod očakávať splatenie.
The Commission also notes that more than half of the airline’s equity disappeared between 2010 and 2011.
Keďže Komisia sa domnieva, že podmienky poskytnutia pomoci na záchranu podľa usmernení o záchrane a reštrukturalizácii z roku 2015 nie sú splnené, Estónsko musí zabezpečiť, aby spoločnosť Estonian Air vrátila úver na záchranu v celkovej výške 37 miliónov EUR, ktorý jej bol poskytnutý.
In that period, the airline lost more than one quarter of its capital.
Ak existuje splatný a nezaplatený úrok, musí sa zahrnúť do prvku pomoci.
Therefore, the criterion of recital 10(a) of the 2004 R&R Guidelines also seems to be fulfilled.
A napokon, pokiaľ ide o notifikovanú pomoc na reštrukturalizáciu (opatrenie č. 6), zatiaľ ešte spoločnosti Estonian Air nebola poskytnutá, a preto nie je potrebné nariadiť jej vymoženie.
Despite the capital injections in December 2011 and March 2012 (measure 4), the airline’s financial situation deteriorated in 2012 and by the end of July 2012, Estonian Air had reached a state of technical bankruptcy under Estonian law (see recital 25 above).
Záver
Therefore, as from this point in time, Estonian Air could also be considered a firm in difficulty on the basis of recital 10(c) of the 2004 R&R Guidelines.
Komisia dospela k záveru, že Estónsko neoprávnene vykonalo opatrenia č. 3, 4 a 5 v rozpore s článkom 108 ods. 3 zmluvy.
Therefore, the Commission concludes that Estonian Air would qualify as a firm in difficulty under recital 11 of the 2004 R&R Guidelines since at least 2009.
Tieto opatrenia navyše nie sú zlučiteľné s vnútorným trhom.
In addition, Estonian Air would also fulfil the requirements of recitals 10(a) and 10(c) of the 2004 R&R Guidelines at later points in time.
Nezlučiteľná pomoc sa musí vymôcť od spoločnosti Estonian Air v súlade s oddielom 8 s cieľom obnoviť situáciu, ktorá existovala na trhu pred poskytnutím pomoci.
In addition, Estonian Air would be regarded as a firm in difficulty under the 2014 R&R Guidelines since its total equity in 2014 was significantly negative amounting to EUR –31,393 million.
Komisia ďalej dospela k záveru, že notifikovaná pomoc na reštrukturalizáciu vo výške 40,7 milióna EUR (opatrenie č. 6) predstavuje nezlučiteľnú pomoc.
Recital 12 of the 2004 R&R Guidelines as well as recital 21 of the 2014 R&R Guidelines states that a newly created firm is not eligible for rescue or restructuring aid even if its initial financial position is unsecure.
PRIJALA TOTO ROZHODNUTIE
A firm is in principle considered as newly created for the first three years following the start of operations in the relevant field of activity.
Článok 1
Estonian Air was founded in 1991 and cannot be regarded as a newly created firm.
Financovanie spoločnosti AS Estonian Air prostredníctvom kapitálovej injekcie vo výške 2,48 milióna EUR, ktoré Estónsko uskutočnilo vo februári 2009, nepredstavuje pomoc v zmysle článku 107 ods. 1 zmluvy.
In addition, Estonian Air does not belong to a business group in the sense of recital 13 of the 2004 R&R Guidelines and recital 22 of the 2014 R&R Guidelines.
Predaj divízie pre pozemnú obsluhu spoločnosti AS Estonian Air letisku Tallinn za 2,4 milióna EUR v júni 2009 nepredstavuje štátnu pomoc v zmysle článku 107 ods. 1 zmluvy.
The Commission therefore concludes that Estonian Air was a firm in difficulty at the time when measures 3, 4, 5 and 6 were provided and that it meets the rest of requirements of the 2004 and 2014 R&R Guidelines to be eligible for rescue and/or restructuring aid.
Článok 2
Compatibility of measure 3
Štátna pomoc vo výške 17,9 milióna EUR neoprávnene poskytnutá Estónskom v prospech spoločnosti AS Estonian Air 10. novembra 2010 v rozpore s článkom 108 ods. 3 zmluvy je nezlučiteľná s vnútorným trhom.
The Commission first observes that the cumulative conditions for rescue aid laid down in point 25 of the 2004 R&R Guidelines are not met:
Štátna pomoc vo výške 30 miliónov EUR neoprávnene poskytnutá Estónskom v prospech spoločnosti AS Estonian Air 20. decembra 2011 a 6. marca 2012 v rozpore s článkom 108 ods. 3 zmluvy je nezlučiteľná s vnútorným trhom.
measure 3 is a capital injection in the form of cash (EUR 17,9 million) and therefore does not consist of liquidity support in the form of loan guarantees or loans;
Štátna pomoc na záchranu vo výške 37 miliónov EUR neoprávnene poskytnutá Estónskom v prospech spoločnosti AS Estonian Air v rokoch 2012 až 2014 v rozpore s článkom 108 ods. 3 zmluvy je nezlučiteľná s vnútorným trhom.
Estonia has provided no justification allowing the Commission to consider that measure 3 was provided on the grounds of serious social difficulties;
Článok 3
Estonia did not communicate to the Commission a restructuring plan or a liquidation plan six months after the first implementation of the measure;
Estónsko vymôže od príjemcu pomoc uvedenú v článku 2.
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.
Sumy, ktoré sa majú vymôcť, musia zahŕňať úrok splatný od dátumu, kedy boli dané k dispozícii príjemcovi, do dátumu ich skutočného vymoženia.
The Commission also assessed whether the compatibility criteria for restructuring aid are met.
Úrok sa vypočíta na zostavenom základe v súlade s kapitolou V nariadenia Komisie (ES) č. 794/2004 [56].
Recital 34 of the 2004 R&R Guidelines requires that the granting of the aid is conditional on implementation of a restructuring plan, which must be endorsed by the Commission in all cases of individual aid, and which must aim at restoring the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions as to future operating conditions.
Článok 4
Even though the 2010 business plan contained some elements of a restructuring plan under the 2004 R&R Guidelines (analysis of the market, restructuring measures, financial forecasts etc.), it cannot be considered as sufficiently robust and credible, ensuring a long-term viability of the company.
Estónsko zaistí vykonanie tohto rozhodnutia do štyroch mesiacov od dátumu oznámenia tohto rozhodnutia.
As explained in recitals 123 and 124, the 2010 business plan was based on overly ambitious passenger growth forecasts and its sensitivity analysis was insufficient.
Článok 5
That circumstance would in itself be sufficient to exclude the measure’s compatibility with the internal market [50].
Štátna pomoc na reštrukturalizáciu vo výške 40,7 milióna EUR, ktorú Estónsko zamýšľa poskytnúť v prospech spoločnosti Estonian Air, je nezlučiteľná s vnútorným trhom.
Moreover, the Estonian authorities have not put forward any possible measures to avoid undue distortions of competition (compensatory measures) and have not provided any contribution from Estonian Air to its own restructuring.
Pomoc sa preto nesmie poskytnúť.
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.
Článok 6
Measure 3 therefore amounts to State aid incompatible with the internal market.
Estónsko predloží Komisii v priebehu dvoch mesiacov po oznámení tohto rozhodnutia tieto informácie:
Compatibility of measure 4
celkovú sumu (istinu a úroky z vymáhanej sumy), ktorá sa má od prijímateľa vymôcť;
In relation to measure 4, the same conclusions as regards measure 3, described in recitals 177 to 180, apply mutatis mutandis.
podrobný opis opatrení, ktoré boli prijaté alebo sa plánujú prijať na vykonanie tohto rozhodnutia;
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.
dokumenty preukazujúce, že príjemcovi bolo nariadené vrátiť pomoc.
Further, the capital increase of EUR 30 million does not meet the compatibility conditions for restructuring aid under 2004 R&R Guidelines.
Estónsko musí informovať Komisiu o priebehu vnútroštátnych opatrení na vykonanie tohto rozhodnutia až do vymoženia pomoci uvedenej v článku 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.
Na požiadanie Komisie bezodkladne predloží informácie o opatreniach, ktoré prijalo a plánuje prijať na vykonanie tohto rozhodnutia.
In addition, the Estonian authorities have proposed neither appropriate own contribution by Estonian Air nor adequate compensatory measures.
Okrem toho poskytne podrobné informácie o sumách pomoci a úroku z vymáhanej sumy, ktoré už od príjemcu vymohlo.
On the contrary, the capital increase was used to expand Estonian Air’s operations and enter new routes.
Článok 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’.
Toto rozhodnutie je určené Estónskej republike.
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.
V Bruseli 6. novembra 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.
Za Komisiu
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.
členka Komisie
Therefore, the Commission concludes that measure 4 also amounts to State aid incompatible with the internal market.
Ú. v.
Compatibility of measure 5
EÚ C 150, 29.5.2013, s.
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.
3 a 14.
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.
Ú. v.
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.
EÚ C 141, 9.5.2014, s.
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.
47.
Therefore, it is not necessary to examine whether other criteria of the 2014 R&R Guidelines would also have been met.
Pozri poznámku pod čiarou č. 1.
On this basis, the Commission concludes that measure 5 also amounts to rescue aid incompatible with the internal market.
Vzhľadom na to, že sťažnosť bola predložená 23. mája 2013, teda predtým, ako Estónsko 20. júna 2013 oznámilo plán reštrukturalizácie spoločnosti Estonian Air, bola sťažnosť zaevidovaná v rámci veci záchrany SA.35956.
Compatibility of measure 6
Keďže však sťažnosť čiastočne súvisela s plánmi estónskych orgánov rekapitalizovať leteckého dopravcu, posudzovala sa v kontexte rozhodnutia o začatí konania vo veci reštrukturalizácie SA.36868.
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.
Rozhodnutie o začatí konania vo veci pomoci na reštrukturalizáciu bolo opravené rozhodnutím Komisie C(2014)2316 final z 2. apríla 2014.
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.
Pozri poznámku pod čiarou č. 2.
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.
Nariadenie č. 1 o používaní jazykov v Európskom hospodárskom spoločenstve (Ú. v.
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.
ES 17, 6.10.1958, s.
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.
385/58).
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).
Zdroj: výročná správa spoločnosti AS Tallinna Lennujaam, správcu letiska Tallinn, za rok 2013, dostupná na adrese http://www.tallinn-airport.ee/upload/Editor/Aastaaruanded/Lennujaama%20aastaraamat_2013_ENG.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.
Zdroj: výročná správa spoločnosti AS Tallinna Lennujaam, správcu letiska Tallinn, za rok 2014, dostupná na adrese http://www.tallinn-airport.ee/upload/Editor/Ettevote/Lennujaama%20aastaraamat_ENG_2014_23.5.15.pdf
Estonia has provided few additional arguments to clarify the doubts of the Commission.
Zdroj: konsolidovaná výročná správa spoločnosti Estonian Air za rok 2013, dostupná na adrese http://estonian-air.ee/wp-content/uploads/2014/06/ESTONIAN-AIR-ANNUAL-REPORT-2013.pdf
Indeed, the Commission reiterates that the scenarios and sensitivity analysis of the restructuring plan may lead, under certain circumstances, to additional funding needs.
Zdroj: konsolidovaná výročná správa spoločnosti Estonian Air za rok 2014, dostupná na adrese https://estonian-air.ee/wp-content/uploads/2014/04/Estonian-Air-Annual-Report-2014-FINAL-Webpage.pdf
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.
Zdroj: výročná správa spoločnosti AS Tallinna Lennujaam za rok 2013, pozri poznámku pod čiarou č. 8.
In this pessimistic case, Estonian Air would reach slightly positive earnings before taxes in 2017 but still have a negative net cash position.
Zdroj: webová stránka letiska Tallinn (http://www.tallinn-airport.ee/eng/).
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.
Pozri poznámku pod čiarou č. 12.
This seriously questions the main aim of the plan to restore the long-term viability of Estonian Air.
Pozri http://www.baltic-course.com/eng/transport/?doc=86191
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.
Pozri http://www.aviator.aero/press_releases/13003.
In addition, this was no longer the case in 2014 with revenues as well as profits below the forecasts in the restructuring plan.
V čase predaja bola spoločnosť AS Estonian Air Regional nečinná a nemala žiadne lietadlá, zamestnancov ani majetok.
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.
Zdroj: Preskúmanie výkonnosti spoločnosti Estonian Air v prvom polroku roku 2012, dostupné na adrese http://estonian-air.ee/wp-content/uploads/2014/04/ENG-1H-2012.pdf
In order for those routes to be counted as compensatory measures, they must be profitable because otherwise they would have been cancelled in any event for viability reasons.
Pozri poznámku pod čiarou č. 10.
The Estonian authorities have provided profitability figures for the 12 routes cancelled based on three different indicators, namely ‘DOC contribution level’, ‘contribution margin level 1’ and ‘profitability margin’.
Pozri poznámku pod čiarou č. 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.
Obchodné tajomstvo
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.
Pozri periodikum Baltic Reports zo 7. júna 2010, Government sets bailout deal for Estonian Air (Vláda prijala finančnú pomoc pre spoločnosť Estonian Air), http://balticreports.com/?p=19116
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].
Pozri aj http://www.e24.ee/1106240/estonian-airile-makstakse-valja-kolm-miljonit-eurot/
The C1 contribution takes account of flight, passenger and distribution costs (namely variable costs) attributable to each individual route.
Pozri konsolidovanú výročnú správu spoločnosti Estonian Air za rok 2014, dostupnú na adrese https://estonian-air.ee/wp-content/uploads/2014/04/Estonian-Air-Annual-Report-2014-FINAL-Webpage.pdf, ako aj článok v tlači „Estonian government approves of last loan payment to Estonian Air“ (Estónska vláda schválila vyplatenie posledného úveru spoločnosti Estonian Air) z 20. novembra 2014: http://www.baltic-course.com/eng/transport/?doc=99082
The C1 contribution is the appropriate figure since it takes into account all costs which are directly linked to the route in question.
Earnings before interest, taxes, depreciation and amortization (zisk pred odpočítaním úrokov, daní, odpisov a amortizácie).
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.
Výmenný kurz 1 EUR = 15,65 EEK.
The Commission’s observes that the ‘DOC contribution level’ is largely equivalent to the C1 contribution.
Podľa reštrukturalizačného plánu sa zachovalo týchto 10 „kľúčových“ trás: Amsterdam (AMS), Štokholm (ARN), Brusel (BRU), Kodaň (CPH), Kyjev (KBP), Petrohrad (LED), Oslo (OSL), Moskva Šeremetevo (SVO), Trondheim (TRD) a Vilnius (VNO).
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.
Sezónne trasy sú Paríž Charles de Gaulle (CDG) a Nice (NCE).
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.
Podľa novinových článkov a verejných vyhlásení spoločnosti Estonian Air sa však zdá, že spoločnosť Estonian Air prevádzkuje – a zamýšľa prevádzkovať aj v budúcnosti – sezónne trasy mimo trás uvedených v reštrukturalizačnom pláne, a to Mníchov (MUC), Split (SPU) a Berlín (TXL).
However, Estonia does not provide any specific calculations as to the possible level of profitability under the new business model.
Takisto sa zdá, že od roku 2015 plánuje spoločnosť Estonian Air pridať do svojej ponuky sezónnych trás aj Miláno (MXP).
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’.
Ukazovateľ ASK (available seat kilometres) je počet voľných sedadlokilometrov (počet sedadiel v lietadlách vynásobený počtom nalietaných kilometrov).
Therefore, in line with the Commission’s established case practice, 10 out of the 12 proposed routes cannot be accepted as compensatory measures.
Voľné sedadlokilometre sú najdôležitejším ukazovateľom kapacity leteckého dopravcu, ktorý sa používa v odvetví leteckej dopravy a ktorý samotná Komisia použila v predchádzajúcich veciach reštrukturalizácie v odvetví leteckej dopravy.
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.
Rozpätie príspevku na úrovni 1 je vymedzené ako celkové výnosy mínus variabilné náklady na cestujúcich v pomere k celkovým príjmom.
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 […].
V pláne sa príspevok DOC vymedzuje ako celkové výnosy mínus náklady na cestujúcich, spiatočné lety a palivo v pomere k celkovým príjmom.
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.
Infortar je jednou z najväčších súkromných investičných skupín v Estónsku so záujmami v odvetví dopravy (vrátane 36 % podielu v spoločnosti Tallink, veľkej spoločnosti pôsobiacej v odvetví osobnej a nákladnej dopravy v oblasti Baltského mora), nehnuteľností, finančných služieb atď. V roku 2013 dosiahla skupina Infortar čistý zisk 20 miliónov EUR a mala majetok v hodnote 432 miliónov EUR.
However, Estonia provided a prima facie credible valuation by a consultancy company estimating a possible sale price for the type of the aircraft concerned.
Ú. v.
Further, Estonia has indicated that the airline is now holding discussions with potential partners for a sale-and-lease-back transaction.
EÚ C 244, 1.10.2004, s.
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.
2.