natgillin/translations-raw huggingface dataset:
for Timisoara — Malpensa the difference compared with competitors is reduced to €8. However, the competitors (Alitalia, Tarom, Malev) have had to cut their prices by some €130-150 (net of SC) due to the abovementioned presence of Carpatair, which is offering Orio al Serio at €140;
na progi Temišvar–Malpensa se je razlika med tarifami Alitalie in konkurenčnih družb zmanjšala na 8 EUR. Konkurenčne družbe (Alitalia, Tarom in Malev) so vseeno morale znižati svoje cene za približno 130–150 EUR pred upoštevanjem stroškov doplačil zaradi že omenjene družbe Carpatair, ki ponuja povratno vozovnico na letu v Orio al Serio po ceni 140 EUR;
for Shanghai — Malpensa the divergence is increased to €53 due to Alitalia's price reductions compared with Lufthansa and KLM; flights to this destination are now five times a week instead of three;
na progi Šanghaj–Malpensa se je razlika povečala na 53 EUR, ker je Alitalia znižala ceno zaradi družb Lufthansa in KLM; odslej je na destinaciji pet letov na teden in ne več trije;
for Malpensa — Zagreb Alitalia offers a price (SC included) €8 below that of its competitor, Croatian.
na progi Malpensa–Zagreb Alitalia ponuja ceno, ki je po upoštevanju stroškov doplačil za 8 EUR nižja od cene konkurenčne družbe Croatian.
As regards the two routes opened in summer 2005 (Malpensa — Kraków and Sarajevo), in all four tests Alitalia's fares are higher than or equal to those charged by its competitors.
Za dve letalski progi, ki naj bi se odprli poleti 2005 (Malpensa–Krakov in Malpensa–Sarajevo), se pravi pri 4 preskusih, je tarifa Alitalie še vedno višja ali enaka ceni konkurenčnih družb.
Tests carried out on the expert's initiative
Preverjanja na pobudo izvedenca
The expert carried out some 110 additional tests directly via Galileo on these new routes at different periods; generally the tests confirmed the data supplied previously by Alitalia, but the expert considers that three cases examined under different criteria could have generated a tariff advantage.
Izvedenec je v sistemu Galileo neposredno opravil 110 dodatnih preskusov na teh novih letalskih progah in to v različnih obdobjih, ki so na splošno potrdila prejšnje podatke, ki jih je posredovala Alitalia. Vendar je menil, da bi lahko trije primeri, če bi jih obravnavali z drugimi merili, pomenili cenovno ugodnost.
The first case concerns Saint Petersburg — Malpensa, for which, in November 2004 and January 2005, Alitalia enjoyed a tariff advantage of €13 over CSA, not including Air France among its competitors because of their joint-venture agreements; in previous data, Alitalia had regarded Air France as its chief competitor.
Prvi primer zadeva progo Sankt Peterburg–Malpensa novembra 2004 in januarja 2005, za katero je v teh dveh mesecih cenovna ugodnost znašala 13 EUR v korist Alitalie v primerjavi z družbo CSA, če iz kroga konkurentov Alitalie zaradi sporazumov o skupnem podjetju izključimo družbo Air France, ki jo je Alitalia v predhodnih dokumentih obravnavala kot referenčno konkurenčno družbo.
In any event, the expert observes that this price difference no longer exists.
Izvedenec je vseeno opozoril, da te razlike v ceni danes ni več.
The last case concerns the Valencia — Fiumicino link for which, in November 2004, Alitalia had offered a promotional rate of €69, taken into account by the expert when carrying out its examination, while Alitalia had made its comparisons on the basis of a fare of €101; Alitalia thus enjoyed a tariff advantage of €22 (SC included) in the month in question; as mentioned above, this difference no longer exists.
Zadnji primer zadeva progo Valencija–Fiumicino, na kateri je Alitalia novembra 2004 ponujala promocijsko tarifo 69 EUR, ki jo je upošteval izvedenec, medtem ko je Alitalia svoje primerjave pripravila na podlagi tarife 101 EUR; Alitalia je torej v zadevnem mesecu užival cenovno ugodnost v višini 22 EUR po upoštevanju stroškov doplačil. Kot je bilo zapisano zgoraj, ta razlika danes ne obstaja več.
Finally, at the beginning of April 2005 the expert carried out, at the Commission's request, a comparison between the prices Alitalia was offering between 17 and 22 March in Galileo (the basis of the previous tests) and those it was offering directly on its Internet site.
Nazadnje je izvedenec na zahtevo Komisije v začetku aprila 2005 preveril usklajenost med cenami, ki jih je Alitalia med 17. in 22. marcem ponujala v sistemu Galileo, in cenami v neposredni prodaji na njeni spletni strani.
Only two cases (Rome — Boston and Milan — Washington) showed a €10 difference, while the other prices had been confirmed.
Samo v dveh primerih (Rim–Boston in Milano–Washington) je ugotovil razliko v višini 10 EUR, medtem ko so bile druge cene potrjene.
Since Alitalia management had given its assurance that it was not company policy to operate price differences according to sales channel and since the differences found were only slight, the expert concluded that they were due to the difference in time between the two checks.
Ker mu je uprava Alitalie povedala, da je politika družbe, da ne ustvarja razlike v ceni glede na prodajne poti, in ker je odkril majhne razlike, je izvedenec menil, da so nastale zaradi časa, ki je pretekel med obema preverjanjema.
Findings regarding the use of loans secured by rescue aid
Ugotovitve glede uporabe posojila, zajamčenega s pomočjo za reševanje
With the help of Alitalia the expert analysed the situation as regards the loan guaranteed by rescue aid, its use in 2004, its use in the first quarter of 2005 and the cash flow forecast for end 2005.
Izvedenec je ob pomoči Alitalie analiziral stanje posojila, zajamčenega s pomočjo za reševanje, njegovo uporabo v letu 2004 in v prvem četrtletju 2005 ter predvideno stanje denarnih sredstev konec leta 2005.
General remarks on the bridging loan and the cash assets
Splošne pripombe k premostitvenemu posojilu in denarnim sredstvom
As mentioned in the rescue aid decision, the expert pointed out that the cash flow forecasts used for rescue aid were to a large extent derived from the fourth quarter 2003 and first quarter 2004 data.
Izvedenec je, kot je navedeno v odločitvi z dne 20. julija 2004, opozoril, da so napovedi denarnih sredstev, uporabljene pri odobritvi pomoči za reševanje, v veliki meri izhajale iz podatkov za četrto četrtletje 2003 in prvo četrtletje 2004.
When the decision was adopted, the company was in an impasse after the 2004-2006 industrial restructuring plan foundered in the face of trade union opposition to the measures proposed in it.
Družba je bila v času sprejetja te odločitve v slepi ulici, ker industrijskega načrta za obdobje 2004–2006 ni bilo mogoče izvesti, saj so sindikati nasprotovali predvidenim ukrepom.
This had led to the resignation of the managing director in February 2004, to his replacement and to the implementation of a new plan in September-October 2004.
Zaradi tega je februarja 2004 odstopil pooblaščeni upravitelj, ki ga je nadomestil novi, čemur je septembra in oktobra 2004 sledila izvedba novega načrta.
The expert also mentioned that the €400 million loan agreement signed with Dresdner Bank AG on 11 October 2004 was in pursuance of the guarantee decree of the Ministry of Finance of 8 October 2004.
Izvedenec je tudi opozoril, da je pogodba o posojilu v višini 400 milijonov EUR, ki jo je družba podpisala z Dresdner Bank AG 11. oktobra 2004, sledila uredbi o poroštvu, ki jo je ministrstvo za finance podpisalo 8. oktobra.
The expert recalled that the company's board of auditors had made activation of the loan conditional on calling a meeting of the shareholders to discuss the recapitalisation of the company.
Izvedenec opozarja, da je revizijski odbor (Collegio Sindacale) družbe aktivacijo posojila povezal s sklicem skupščine delničarjev, na kateri so razpravljali o dokapitalizaciji družbe.
This meeting, which decided on a maximum capital increase of €1,2 billion, took place on 15 December 2004.
Ta skupščina, na kateri so sprejeli odločitev o možnosti povečanja kapitala za največ 1,2 milijarde EUR, se je sestala 15. decembra 2004.
Alitalia was not therefore in a position to make use of the bridging loan before that date.
AZ torej pred tem datumom ni mogel uporabiti premostitvenega posojila.
Dresdner Bank, on the other hand, reminded Alitalia by letter of 14 January 2005 that the loan had to be taken up by 31 March 2005.
Na drugi strani je Dresdner Bank v pismu z dne 14. januarja 2005 opozorila družbo AZ, da je bilo treba črpati posojilo do 31. marca 2005.
Furthermore, the expert compared the cash flow situation presented for the purposes of this procedure with that published by the company monthly as required by Consob [48].
Izvedenec je ravno tako preveril ujemanje med stanji denarnih sredstev, ki so predstavljena tu, in stanji, ki jih družba vsak mesec objavlja na podlagi določb Consob [48].
The expert showed that the situation as presented here reflects funds actually available in Alitalia group bank accounts on the value date.
Izvedenec je potrdil, da tu predstavljena denarna sredstva ustrezajo sredstvom, ki so bila na datum valute dejansko razpoložljiva na bančnih računih skupine Alitalia.
Conversely, Consob's monthly cash flow report is calculated on the accounting date and comprises short-term financial credits, including appropriations to Italian firms either in liquidation (like Sisam) or not covered by cash management (like Aviofin) and the unusable assets in the hands of an insurance broker, Alinsurance, in US travel agencies not covered by cash management and in companies located in countries (such as Libya, Iran, Nigeria, etc.) which have systems for controlling financial transfers to foreign countries.
Nasprotno se mesečno stanje Consob izračuna na datum knjiženja in vključuje kratkoročne finančne terjatve, tudi do italijanskih družb v likvidaciji, kot je Sisam, ali ki jih ne upravlja državna blagajna, kot je Aviofin, prosta finančna sredstva, ki jih ni mogoče uporabiti pri zavarovalnem agentu Alinsurance v ameriških potovalnih agencijah, ki jih ne upravlja državna blagajna, in družbah v državah, ki imajo sistem nadzora finančnih transferjev v tujino (Libija, Iran, Nigerija…).
Altogether these items amount to a total of €22-25 million, which increases, without constituting available assets, the available assets and short-term financial credits submitted as required by Consob.
Skupni znesek teh postavk znaša 22–25 milijonov EUR, ki povečujejo znesek prostih finančnih sredstev in kratkoročnih posojil, predstavljenih v skladu s standardom Consob, ne da bi pomenila prosta finančna sredstva.
Use of the bridging loan in 2004
Uporaba premostitvenega posojila v letu 2004
In the fourth quarter of 2004, the cash flow net of variation in demand for working capital and net of investments (operational and investment cash flow, hereinafter referred to as ‘cash flow’), reached -€54 million compared with the -€187 million forecast in July 2004; €80 million [49] of this €133 million improvement stems from the improvement in operational management compared to financial year 2003, used for calculating the aid, and from €20 million in revenue from tax credits 1993-1994 from the State, from €20 million in payments due but not made, to airport suppliers following legal action and, finally, from €4 million received as a contribution [50] by the Atitech subsidiary for the construction of a hangar at Naples airport.
Denarni tok po spremembi potrebe po gibljivih sredstvih in naložbah (denarni tok dejavnosti poslovanja in naložb), v nadaljnjem besedilu „denarni tok“, je v četrtem četrtletju 2004 znašal –54 milijonov EUR v primerjavi z –187 milijoni EUR, kot je bilo predvideno julija 2004; to izboljšanje v višini 133 milijonov EUR izhaja iz 80 milijonov EUR [49] zaradi izboljšanja operativnega upravljanja v primerjavi s poslovnim letom 2003, uporabljenim za izračun pomoči, 20 milijonov EUR zaradi pobiranja davčnih dobropisov v letih 1993–1994 s strani države, 20 milijonov EUR od neizvedenih načrtovanih plačil letališkim dobaviteljem zaradi sporov in nazadnje 4 milijonov EUR od pobiranja prispevka [50] za gradnjo hangarja na letališču v Neaplju s strani hčerinske družbe Atitech.
Use of the bridging loan in the first quarter of 2005
Uporaba premostitvenega posojila v prvem četrtletju 2005
In the first quarter of 2005, from an initial figure of €66 million at 31 December 2004 the cash flow in July 2004 was -€70 million instead of the -€195 million forecast; some €60 million of this €125 million improvement stems from the continued improvement in operational management over the forecast used for calculating the aid; the figure also takes into account the favourable effects of a lower-than-forecast fall in unit yield and an improved load factor.
Na podlagi začetnih denarnih sredstev dne 31. decembra 2004 v višini 66 milijonov EUR je denarni tok v prvem četrtletju 2005 znašal –70 milijonov EUR v primerjavi z –195 milijoni EUR, kot je bilo predvideno julija 2004; to izboljšanje za 125 milijonov EUR izhaja v višini približno 60 milijonov EUR iz nadaljnjega izboljševanja operativnega upravljanja v primerjavi z napovedmi, uporabljenimi za izračun pomoči; ta znesek vključuje tudi ugodne vplive znižanja donosa ali prihodka na enoto, ki je manjše od predvidenega, ter boljšega faktorja zasedenosti (load factor).
Another €60 million is derived from the continued fall in investment costs: this includes the effect of another two of the five MD-11 sale and lease-back transactions planned and the sale of three Pipers for €30 million, the transfer of shares for €10 million and a €20 million reduction in the investment programme. The total financial need for the quarter therefore comes to about €105 million, including the repayment of €35 million of due debts; the bridging loan was nevertheless activated for the remaining €300 million (€55 million in February and €245 million in March), generating €262 million in available funds at 31 March 2005.
Izboljšanje v višini 60 milijonov EUR izhaja tudi iz nadaljnjega zmanjševanja stroškov naložb, kar vključuje vpliv drugih dveh od petih predvidenih prodaj in ponovnih zakupov letal vrste MD 11 ter prodajo treh letal vrste Piper za 30 milijonov EUR, prenos lastniških vrednostnih papirjev v vrednosti 10 milijonov EUR ter zmanjšanje investicijskega programa za 20 milijonov EUR. Skupne finančne potrebe v četrtletju torej znašajo približno 105 milijonov EUR skupaj s povračilom zapadlih finančnih dolgov v višini 35 milijonov EUR. Premostitveno posojilo je bilo kljub temu aktivirano za preostalih 300 milijonov EUR oziroma 55 milijonov EUR februarja in 245 milijonov EUR marca, kar je ustvarilo 262 milijonov EUR prostih finančnih sredstev dne 31. marca 2005.
Cash flow forecast up to end 2005
Predvideno stanje denarnih sredstev do konca leta 2005
In the short term, the expert's Alitalia forecasts show only a slight fall in cash flow to €212 million at 31 May 2005; management improvements and lower investment, together with a fourth MD-11 sale and lease-back transaction will continue to bring benefits.
Napovedi Alitalie, o katerih poroča izvedenec, bodo kratkoročno prikazale samo majhno zmanjšanje denarnih sredstev, katerih predvideni znesek je 212 milijonov EUR dne 31. maja 2005; vpliv izboljšanja upravljanja, manjše naložbe in izvedba četrte prodaje in ponovnega zakupa letala vrste MD 11 bodo še naprej prinašali sadove.
Nevertheless, by the end of 2005 forecast cash flow, net of the impact of the possible recapitalisation, is expected to halve to €[…] million.
Do konca leta 2005 bi se morala predvidena denarna sredstva, ne glede na vpliv morebitne dokapitalizacije, kljub temu zmanjšati za polovico in pasti na […] milijonov EUR.
The expert refers to one of the justifications given by Alitalia in connection with using the loan in its entirety at 31 March 2005, that is to say that, as mentioned by Dresdner Bank AG, it would not be possible to resort to it after 31 March 2005.
Izvedenec opozarja, da je Alitalia med drugim glede uporabe celotnega posojila do 31. marca 2005 utemeljila, da ga ne bi bilo mogoče črpati po 31. marca 2005, kot je navedla Dresdner Bank.
The expert also emphasises one of the scenarios adopted for the purposes of these forecasts, that of October 2004 where the €/$ exchange rate is 1,27 and the price of a barrel of Brent is 41 USD.
Vztraja tudi pri eni od domnev, upoštevanih za te napovedi, in sicer pri domnevi iz oktobra 2004 o razmerju EUR/USD 1,27 in ceni 41 USD za sod nafte Brent.
This scenario is unrealistic set against the current Brent crude price of $55-57/bl.
Ta zadnja domneva je nerealna v primerjavi s sedanjo ceno približno 55 in celo 57 USD.
The forecasts provided by the expert and three market players (BP RiskManager, Shell Trading and Macquarie Energy) indicate a figure ranging between $54 and $58 by end 2005.
Napovedi, ki jih je predložil izvedenec in so jih pripravili trije akterji na trgu (BP Riskmanager, Shell Trading in Macquarie Energy), navajajo ceno med 54 in 58 USD do konca leta 2005.
It has been calculated that, with a barrel price of $55 and a €/$ rate holding at 1,27, the negative impact on Alitalia's accounts would be of the order of €[…] million by the end of the year, [52] or, in other words, about €[…] million for the April-June quarter.
Izračunal je, da bo pri ceni 55 USD za sod in nespremenjenem razmerju EUR/USD 1,27 negativni učinek na finančne izkaze Alitalie znašal približno […] milijonov EUR do konca leta [52], se pravi približno […] milijonov EUR za četrtletje april–junij. To kaže, da je sedanja napoved denarnih sredstev Alitalie močno izpostavljena tej volatilnosti.
THE COMMISSION'S COMMENTS ON THE ALLEGED MISUSE OF THE RESCUE AID
PRIPOMBE KOMISIJE K TRDITVAM O ZLORABI POMOČI ZA REŠEVANJE
The Commission would point out that, in accordance with its decision to initiate the procedure in January 2005, the purpose of the present decision is to assess whether or not the AZ Fly and AZ Servizi recapitalisation measures notified by Italy should be regarded as State aid.
Komisija opozarja, da je v skladu z odločitvijo o začetku postopka, sprejeto januarja 2005, namen te odločbe oceniti, ali je mogoče kvalificirati kot pomoč ukrepe za dokapitalizacijo AZ Fly in AZ Servizi, ki jih je Italija priglasila.
However, even if the decision to initiate the procedure is silent on this matter, in view of the observations received from interested parties the Commission wanted to give them the opportunity to make comments on compliance with the undertakings given by Italy with regard to the rescue aid and the procedures for using it.
Čeprav se odločitev o začetku postopka ne nanaša na to vprašanje, je Komisija glede na vsebino pripomb, ki jih je prejela od njih, želela zainteresiranim stranem pustiti možnost, da ji sporočijo pripombe k izpolnjevanju obveznosti, ki jih je Italija sprejela ob odobritvi pomoči za reševanje, ter k podrobnim pravilom uporabe te pomoči. Komisija na podlagi teh elementov in zaradi preglednosti v tem delu predstavlja predhodno analizo tega vprašanja.
On the basis of these elements and with a concern for transparency, it sets out in this section its preliminary analysis of this question.
Alitalio v vsakem primeru še naprej zavezujejo isti pogoji in obveznosti, dokler ne bo povrnila premostitvenega posojila ali do ukinitve državnega jamstva, ki ji je bilo odobreno v ta namen.
In any event, as long as the bridging loan has not been repaid, or the State guarantee granted in this connection has not been withdrawn, Alitalia remains subject to the same conditions and undertakings; this part does not therefore prejudge the Commission's final assessment on this matter, in particular its option either to refer the matter directly to the Court of Justice under Article 88(2) of the EC Treaty or to initiate a procedure for misuse of rescue aid if it subsequently considers that there are grounds for considering that there has been such misuse.
Ta del torej ne vpliva na končno oceno Komisije o tem vprašanju in zlasti ne na možnost, da bi Komisija zadevo neposredno predložila Sodišču Evropskih skupnosti v skladu s členom 88(2) Pogodbe o ustanovitvi Evropske skupnosti ali začela postopek zaradi zlorabe pomoči za reševanje, če bi naknadno menila, da obstajajo razlogi, ki opravičujejo take pomisleke.
The Commission would point out that one of the principal conditions of accepting rescue aid is that it should not have serious detrimental spillover effects on other Member States.
Komisija opozarja, da je eden od glavnih pogojev za odobritev pomoči za reševanje ta, da pomoč nima hudih negativnih učinkov v drugih državah članicah.
To this end, as indicated in the rescue aid decision, the Italian authorities had given undertakings concerning the development of the company's capacity and the absence of predatory pricing on the new routes.
Italijanski organi so zato, kot je navedeno v odločitvi o odobritvi pomoči za reševanje, sprejeli obveznosti glede razvoja zmogljivosti družbe in odsotnosti dampinških cen na novih letalskih progah.
These two questions are examined in points 150 to 172.
Ti dve vprašanji obravnavajo točke 150 do 172.
Comments concerning the lack of new investment and capacity
Pripombe k odsotnosti novih naložb in zmogljivosti
The Commission takes note of the conclusion of the expert appointed by it that, at the time of the expert's report in April 2005, Alitalia's fleet had not been increased by any new aircraft the acquisition of which had not been decided upon by the company before 31 December 2002.
Komisija sprejme na znanje sklepne ugotovitve izvedenca, ki ga je sama imenovala, da na datum njegovega poročila iz aprila 2005 v floto Alitalie ni bilo vključeno nobeno novo letalo, o nakupu katerega se družba ni odločila pred 31. decembrom 2004.
In particular, in reply to comments by the interested parties, it would point out the decision of Alitalia's Board of Directors of 16 February 2004, as mentioned in the decision to initiate the procedure [53] only concerned the arrangements for financing aircraft the acquisition of which had been decided upon before 31 December 2002.
V odgovor na pripombe zainteresiranih strani posebej opozarja, da je odločitev upravnega odbora družbe z dne 16. februarja 2004, kot je omenjeno v odločitvi o začetku postopka [53], zadevala samo podrobna pravila financiranja letal, o nakupu katerih se je družba odločila pred 31. decembrom 2002.
The Commission notes that the fleet referred to is that of the entire Alitalia Group, including Alitalia Express.
Komisija ugotavlja, da je omenjena flota flota celotne skupine Alitalia, vključno z Alitalio Express.
The Commission therefore considers at this stage that it has not encountered elements prompting it to think that this specific undertaking contained in the rescue aid decision has not been complied with.
Komisija na tej točki torej meni, da ni seznanjena z ničemer, ki bi kazalo, da ta jasno določena obveznost iz odločitve o odobritvi pomoči za reševanje ni bila izpolnjena.
Quite apart from the actual content of the decision authorising the rescue aid in terms of capacity which it was recently confirmed has been properly complied with, the Commission also takes note of the clarifications provided by Italy concerning more general concepts concerning capacity; so far as concerns the fleet, it finds that, apart from the lack of new investment, the fleet should in fact be reduced by four units in 2005.
Onkraj same vsebine odločitve o odobritvi pomoči za reševanje na ravni zmogljivosti, katere upoštevanje je bilo zdaj potrjeno, Komisija sprejme na znanje tudi splošnejše podatke o zmogljivosti, ki jih je sporočila Italija; v zvezi s floto ugotavlja, da ne samo ni bila deležna novih naložb, ampak da se bo zmanjšala za 4 letala v letu 2005.
Accordingly, the available tonne-kilometres offered (TKO) leading to the increase in frequencies and seats between summer 2004 and summer 2005 noted by the competitors is simply the result of increased productivity resulting from a much greater daily use of the existing fleet.
Tako je razpoložljiva ponudba RTK, zaradi česar sta se povečala pogostost letov in število sedežev med poletjem 2004 in poletjem 2005, kar so ugotovile konkurenčne družbe, posledica samo prizadevanj za izboljšanje produktivnosti z boljšo vsakodnevno uporabo obstoječe flote.