natgillin/translations-raw huggingface dataset:
However, the Commission considers that the rescue aid decision already took account of the opening of new routes [54] and approved them precisely because they were implemented on the basis of constant capacity and on routes which to a large extent were not operated or were operated on a monopoly basis.
Komisija tudi ugotavlja, da je njena odločitev z dne 20. julija 2004 že upoštevala in odobrila odprtje novih letalskih prog [54], ker je pri tem zmogljivost ostala enaka in so se odprle proge, ki jih prej ni bilo ali pa je na njih vladal monopol.
It was a question of allowing the company to use the new resources made available by means of a better rotation of the existing fleet and the constant number of seats available, which explains, as indicated above, the increases noted in terms of tonne-kilometres and seat-kilometres offered (TKO/SKO).
V tem primeru je šlo za to, da se družbi dovoli uporabo novih sredstev, razpoložljivih zaradi boljšega kroženja obstoječe flote in stalnega števila razpoložljivih sedežev; to pojasnjuje, kot je zapisano zgoraj, ugotovljena povečanja števila razpoložljivih tonskih kilometrov ali števila razpoložljivih sedežev na kilometer (RTK/RSK).
The Commission therefore considers that, in the light of the information available to it at this juncture, the developments noted in terms of frequencies and routes opened are not contrary to its rescue aid decision of July 2004.
Komisija zato meni, da glede na podatke, ki jih na tej točki pozna, ugotovljeni napredek na področju pogostosti letov in odprtih letalskih prog ni v nasprotju z odločitvijo o odobritvi pomoči za reševanje, sprejeto julija 2004.
Comments concerning the analysis of the profitability of the new routes opened from summer 2004
Pripombe k analizi dobičkonosnosti novih letalskih prog, odprtih od poletja 2004 naprej
On the basis of the data provided by its expert, the Commission has obtained confirmation that all the routes opened since summer 2004 were profitable, in most cases in terms of their individual financial contribution alone and in all cases where the feeder value is included, that is to say the additional gross margin generated by these routes on the rest of the company's network.
Komisija je na podlagi podatkov, ki jih je predložil izvedenec, lahko potrdila, da so donosne vse letalske proge, odprte od poletja 2004 naprej, v večini primerov samo na ravni ločenega finančnega prispevka in v vseh primerih z vključitvijo feeder value, se pravi dodatnega kosmatega dobička, ustvarjenega na teh progah v primerjavi s preostalim omrežjem družbe.
The Commission considers that taking the feeder value into account is justified, especially for a company pursuing a hub strategy, since this additional contribution would not have existed if the routes in question had not been opened.
Komisija meni, da je upoštevanje feeder value utemeljeno, zlasti za družbo, ki izvaja strategijo prometnega vozlišča, ker tega dodatnega prispevka ne bi bilo brez odprtja teh letalskih prog.
Accordingly, all the routes, including the new Scandinavian network, seem to be making a positive contribution, which is in accordance with the rescue aid decision.
Tako se zdi, da vse letalske proge, tudi tiste v novem skandinavskem omrežju, ustvarjajo pozitiven prispevek, kar je v skladu z odločitvijo o odobritvi pomoči za reševanje.
The Commission also notes that the interested parties' allegations concerning the case of the Saint Petersburg-Milan route, which the competitors considered to be operating at a loss, would seem to be invalidated by the figures supplied. This line, which was opened in winter 2004-2005, is forecast to have a positive direct gross margin for 2005 of € […] million, without even taking into account the feeder value, that is to say […]% of the income, placing it among the most profitable of the lines opened.
Komisija tudi ugotavlja, da se zdi, da sporočene številke zanikajo trditve tretjih strani v zvezi s primerom proge Sankt Peterburg–Milano, katere poslovanje so konkurenčne družbe ocenile kot deficitarno: ta proga, odprta pozimi 2004–2005, naj bi ustvarila pozitivni predvideni neposredni kosmati dobiček v letu 2005 v višini […] milijonov EUR celo brez upoštevanja feeder value oziroma […] % prihodkov, kar bi jo uvrščalo med najdonosnejše nove proge.
Comments concerning the analysis of pricing on the new routes opened from summer 2004
Pripombe k analizi cen na novih letalskih progah, odprtih od poletja 2004 naprej
The Commission would point out that the existence of predatory pricing is primarily characterised by a situation in which the marginal variable income does not make it possible to cover the marginal variable cost, thus generating a loss.
Komisija opozarja, da je za dampinške cene predvsem značilno, da mejni variabilni prihodek ne omogoča pokritja mejnih variabilnih stroškov in torej ustvarja izgubo.
This question, which was examined in paragraphs 155 and 156, requires a complex and thorough analysis of the company's accounts, which the interested parties were not in a position to make.
To vprašanje, ki ga obravnavajo odstavki 155 in 156, zahteva celovito in poglobljeno analizo finančnih izkazov družbe, ki je tretje osebe ne bi mogle opraviti.
That is why, as indicated in its decision to initiate the procedure, the Commission had taken the view that a simpler comparison of the fares charges by Alitalia compared with the other companies (the existence of price leadership) could, initially, provide an indication as to the existence of situations could lead to predatory pricing.
Zato je Komisija, kot je navedla v odločitvi o začetku postopka, menila, da lahko preprostejša primerjava tarif Alitalie in drugih družb (obstoj položaja, ko družba določa cene na trgu) najprej ponuja informacijo o obstoju razmer, ki lahko privedejo do uporabe dampinških cen.
In this connection, the Commission has concluded, on the basis of the tests carried out, that, while situations of price leadership did in fact exist in a very small number of cases, for brief periods and with limited price differences, the fares charged on the routes in question would not seem to be predatory.
Komisija je v zvezi s tem na podlagi opravljenih preverjanj ugotovila, da cene na zadevnih letalskih progah niso dampinške, čeprav so v majhnem številu primerov dejansko obstajali položaji, ko je družba določala cene na trgu za omejeno obdobje in razlike v ceni.
As already indicated, the new routes are economic and most of the routes in question are among the most profitable according to the forecasts for 2005: that is the case with Saint Petersburg-Malpensa, which has already been mentioned, Malpensa-Zagreb, with a high gross margin of […]%, and Thessaloniki-Rome with almost […]%.
Kot je bilo že povedano, so nove letalske proge namreč donosne in večina tu obravnavanih letalskih prog je upravičeno med najdonosnejšimi progami v napovedih za leto 2005: gre za že omenjeno progo Sankt Peterburg–Malpensa ter progi Malpensa–Zagreb s […]-odstotno stopnjo in Solun–Rim s […]-odstotno stopnjo neposrednega kosmatega dobička.
Slightly less positive results were recorded for Rome-Zurich and Timisoara-Malpensa, with a […]% margin each, and Rome-Valencia with […]%.
Proge Rim–Zürich in Temišvar–Malpensa s […]-odstotnim dobičkom ter Rim–Valencija s […]-odstotnim dobičkom so manj donosne.
The Commission therefore considers that at this stage the very limited number, scale and duration of cases of price leadership established in the many tests carried out do not reflect a deliberate policy in this respect but are instead inherent in the very structure of air fares, their number and their constant updating.
Komisija zato na tej točki meni, da zelo omejeno število, obseg in trajanje primerov, ko družba določa cene na trgu, ugotovljenih v številnih opravljenih preskusih, niso del načrtne politike na tem področju, temveč so namesto tega notranje povezani s samo strukturo, številom in stalnim posodabljanjem letalskih prevoznin.
Furthermore, as the analysis of the margin obtained on the new routes has indicated, this situation has not affected the Alitalia's profitability; quite the contrary since the marginal variable income from the new routes for the company is higher than their marginal variable cost, which of itself confirms the lack of predatory pricing.
Poleg tega ta položaj, kot je pokazala prej opravljena analiza dobička, ustvarjenega na novih letalskih progah, ni vplival na dobičkonosnost Alitalie, ravno nasprotno, ker je mejni variabilni prihodek od novih letalskih prog za družbo višji od njihovih mejnih variabilnih stroškov, zaradi tega ni dampinških cen.
The Commission therefore considers that, in the light of the elements in its possession at this juncture, the development noted with regard to the profitability of the new routes opened and the fares charged on them would not appear to be contrary to its rescue aid decision of July 2004.
Komisija torej meni, da glede na podatke, ki jih na tej točki pozna, ugotovljeni napredek na področju dobičkonosnosti in oblikovanja cen na odprtih letalskih progah ni v nasprotju z odločitvijo o odobritvi pomoči za reševanje, ki je bila sprejeta julija 2004.
Comments relating to the use of the loan guaranteed by the rescue aid
Pripombe k uporabi posojila, zajamčenega s pomočjo za reševanje
On the basis of the comments by the interested parties and Italy, and in particular the conclusions of its expert and the data available at present, the Commission notes that Alitalia is at present in a more favourable cash-flow situation than that expected when the rescue aid was adopted.
Komisija na podlagi pripomb zainteresiranih strani in Italije ter predvsem ugotovitev izvedenca in razpoložljivih podatkov ugotavlja, da je stanje denarnih sredstev Alitalie zdaj ugodnejše od predvidenega stanja ob sprejetju odločitve o odobritvi pomoči za reševanje.
This situation arises essentially from better control of operating costs and successful efforts to find alternative financing arrangements such as the abovementioned sales and lease-back operations.
Ta položaj je predvsem posledica boljšega obvladovanja stroškov poslovanja in uspešnega iskanja alternativnih virov financiranja, kot so že omenjene prodaje in ponovni zakupi (sale and lease-back) zrakoplovov.
It also reflects the contribution to the results of the company of the new routes which, as indicated above, produce a profit margin.
Kaže tudi na delež novih letalskih prog s stopnjo dobička v poslovnih izidih družbe, kot je bilo že zapisano.
The Commission would point out, in reply to the interested parties, that the purchase of kerosene and the settlement of wages form part of the normal charges of an airline, influencing its cash flow or operating flow used when determining the aid.
Komisija v odgovor tretjim osebam natančno pojasnjuje, da sta nakup kerozina ali izplačilo plač del normalnih stroškov letalske družbe, ki vplivajo na njen denarni tok ali finančni tok pri poslovanju, ki se uporablja za določitev pomoči.
As to the principle, the Commission cannot but find it positive that a company faced with the necessity to redress its financial situation should seek to reduce its financial needs for the general benefit of its operation and credibility vis-à-vis new investors and find alternative financing arrangements.
Komisiji se načeloma zdi pozitivno, da si družba, ki mora izboljšati svoj finančni položaj, prizadeva za zmanjšanje finančnih potreb v splošno korist svojega poslovanja in svoje verodostojnosti pri novih vlagateljih ter za iskanje alternativnih virov financiranja.
The Commission notes, moreover, that the dual effect of the reduction in investments and the efforts to find alternative long-term financing arrangements dispel any criticism relating to the financing of the fleet by means of the rescue aid and hence its use for an objective not in accordance with the decision authorising it.
Komisija poleg tega ugotavlja, da je zaradi dvojnega učinka zmanjšanja naložb ter iskanja alternativnih dolgoročnih virov financiranja mogoče zavrniti vse kritike glede financiranja flote s pomočjo za reševanje in torej njene uporabe za cilj, ki ni v skladu z odločitvijo o odobritvi te pomoči.
In this connection, the Commission notes that the late utilisation of the rescue aid, as from 15 December 2004 was in fact a condition imposed by the Audit Board at the start of the recapitalisation procedure in order to ensure that the company was not indebted without any prospect; by the same token, the gradual use of the aid would rather seem to be a sign of sound management.
Komisija v zvezi s tem ugotavlja, da je revizijski odbor pozno uporabo pomoči za reševanje od 15. decembra 2004 naprej utemeljil z obveznostjo postopka dokapitalizacije, da bi preprečili zadolževanje podjetja brez prihodnosti; enako se zdi, da je postopna uporaba pomoči predvsem znak dobrega upravljanja.
The delay in the use of the loan also indicates that since the development of the new routes took place on the basis of constant installed capacity and with a profit margin as indicated above, did not have a detrimental effect on the company's cash-flow situation compared with its forecasts but, on the contrary, helped to improve it.
Zakasnitev v uporabi posojila ravno tako kaže, da razvoj novih letalskih prog, ker so se odprle ob nespremenjeni zmogljivosti in s stopnjo dobička, kot je prikazano zgoraj, ni negativno vplival na stanje denarnih sredstev družbe v primerjavi z napovedmi, temveč je nasprotno prispeval k okrepitvi tega stanja.
Similarly, the coverage of the future costs of the restructuring operations, essentially in terms of job-shedding, was budgeted for until 30 June 2005 and only gradually has an impact on the cash-flow situation as and when staff leave and sums due are paid.
Enako so bila sredstva za prihodnje stroške ukrepov prestrukturiranja, predvsem zmanjšanja števila zaposlenih, nakazana 30. junija 2005; ti ukrepi le postopno vplivajo na denarna sredstva ob dejanskih odpustitvah in plačilu dolgovanih zneskov.
Consequently, the liquid assets of the Alitalia group as at 31 March 2005 amount to €262 million, or approximately €200 million above the figure as at 30 September 2004, that is to say €60 million [55].
Zato denarna sredstva Alitalie dne 31. marca 2005 znašajo 262 milijonov EUR oziroma so za približno 200 milijonov EUR večja od denarnih sredstev dne 31. marca 2004, ki so znašala približno 60 milijonov EUR [55].
The Commission notes, as indicated by the expert (see paragraph 147), that this figure should be reduced by approximately €50 million by 31 May, the most favourable date for the closure of the procedure concerning the restructuring plan presented in accordance with the guidelines.
Komisija ugotavlja, kot je navedel izvedenec (glej točko 147), da bi se moral ta znesek zmanjšati za približno 50 milijonov EUR do 31. maja, ki je najugodnejši datum za zaključek postopka v zvezi z načrtom prestrukturiranja, predstavljenim v skladu s smernicami.
The Commission would point out that this level of liquid assets of €262 million represents at most less than 6 % of the annual turnover, and is therefore very much lower than the figures previously presented by the company, of the order of €500 million at the end of 2003, and less than the average of 17 % for the main European companies as at that same date, which would represent €700 million for Alitalia. Alitalia's liquid assets therefore remain very stretched, whether in terms of gross figures or when compared with those of its main competitors.
Komisija opozarja, da ta raven denarnih sredstev v višini največ 262 milijonov EUR pomeni manj kot 6 % letnega prometa ter torej ostaja nižja od prometa, ki ga je podjetje imelo prej in ki je konec leta 2003 znašal 500 milijonov EUR, in 17-odstotnega povprečja glavnih evropskih družb na isti dan, kar bi za Alitalio znašalo 700 milijonov EUR. Stanje denarnih sredstev Alitalie zato ostaja zelo zaostreno, naj gre za bruto zneske ali v primerjavi s stanjem sredstev glavnih konkurenčnih družb.
According to the Commission, there is nothing in the conduct of the company with regard to the utilisation of the bridging loan to show that the rescue aid was misused.
Po mnenju Komisije vedenje družbe glede uporabe premostitvenega posojila ne kaže na neustrezno uporabo pomoči za reševanje.
The Commission would also point out that the assessment of the need for the aid had to be made at the time when the decision was taken and according to the information available at that time, which is what it did in July 2004.
Komisija natančno pojasnjuje, da je treba potrebo po pomoči oceniti ob sprejetju odločitve in v skladu s podatki, ki so takrat na voljo, kar je naredila julija 2004.
The Commission notes that much of what was known to the management of Alitalia at that date aroused deep concern about the state of the liquid assets from summer 2004.
Komisija ugotavlja, da so številni podatki, ki jih je uprava Alitalie takrat poznala, kazali na močno zaskrbljenost zaradi gibanja denarnih sredstev od poletja 2004 naprej.
The Commission would point to the early cancellation by the Royal Bank of Scotland of a guarantee contract at the beginning of 2004 reported by the expert for €34 million; it would also refer to third-party documents provided by Italy which show that the company's major suppliers in terms of leasing, fuel and credit card sales operators required the provision of additional cash reserves and, where appropriate, guarantees in order to continue their commercial relations with Alitalia.
Tako se Komisija sklicuje na to, da je Royal Bank of Scotland v začetku leta 2004 predčasno prekinila pogodbo o kritju v višini 34 milijonov EUR, na kar je opozoril izvedenec. Sklicuje se tudi na dokumente tretjih strani, ki jih je poslala Italija in potrjujejo, da so številni veliki dobavitelji podjetja na področju lizinga, goriva ali prodaje na kreditno kartico zahtevali oblikovanje dodatnih denarnih rezerv in po potrebi varščin za nadaljevanje trgovinskih odnosov z Alitalio.
This clearly shows the market's negative perception of Alitalia at that time and the assessment made by its management.
To dobro dokazuje, da je trg tedaj negativno dojemal Alitalio in da je njena uprava ocenjevala to stanje.
The Commission had in fact accepted in the rescue aid decision that €40 million should be included to cover contingencies in this connection [57].
Komisija je v odločitvi o pomoči za reševanje sicer dovolila, da se v ta naslov lahko vključijo nepredvideni izdatki v višini 40 milijonov EUR [57].
The Commission also notes that these contingencies have not disappeared.
Komisija tudi ugotavlja, da nepredvideni izdatki niso izginili.
Thus, the economic forecasts for Spring 2005 [58] published by the Commission on 4 April 2005 were based on the assumption of an oil price of $50,9 per barrel and an €/$ exchange rate of 1,31 in 2005; on this basis, the recalculated annual charge for 2005 for fuel is approximately €625 million, representing an annual additional cost of approximately €156 million and €40 million for a single quarter.
Tako spomladanske gospodarske napovedi za leto 2005 [58], ki jih je Komisija objavila 4. aprila 2005, napovedujejo ceno 50,9 USD za sod nafte in razmerje EUR/USD 1,31 v letu 2005; ponovno izračunani letni stroški za gorivo v letu 2005 bi na podlagi tega znašali približno 625 milijonov EUR oziroma približno 156 milijonov EUR dodatnih stroškov na leto in 40 milijonov EUR na četrtletje.
Thus, even taking into account what is known about present and future circumstances, the Commission, noting the negative liquid assets in the absence of the loan, since 31 December 2004, and the contingencies relating in particular to the price of oil, still considers the amount granted as being reasonable in the light of the uncertainties at the time.
Komisija bi tako torej odobreni znesek še vedno obravnavala kot razumljiv glede na negotovosti v tistem obdobju, čeprav je upoštevala zdaj znane informacije in ugotovila negativno stanje denarnih sredstev od 31. decembra zaradi odsotnosti posojila ter nepredvidene izdatke zlasti zaradi cene nafte.
The Commission could therefore legitimately consider, at the time and without having its judgment affected by subsequent events, that the amount of €400 million was appropriate.
Torej se potrjuje, da je Komisija lahko, ne da bi na njeno mnenje vplivali poznejši dogodki, upravičeno ocenila, da je bil v tistem obdobju znesek 400 milijonov EUR primeren.
As a result of this analysis, the Commission considers, first, that the rescue aid decision was fully justified and, secondly, that there was not at that stage misuse of the rescue aid.
Na koncu te analize Komisija meni, da je bila na eni strani odločitev o odobritvi pomoči za reševanje v celoti utemeljena in da na drugi strani v tej fazi ni bilo zlorabe pomoči za reševanje.
On the contrary, the rescue aid was necessary to maintain the company's business during the limited period covered by the authorisation and enable it to implement an industrial, economic and financial plan which was largely acceptable to its social partners, designed to ensure the long-term viability of the company.
Nasprotno se potrjuje, da je bila pomoč za reševanje potrebna za ohranitev dejavnosti podjetja v omejenem obdobju, določenem v odločitvi o odobritvi pomoči, in je podjetju omogočila izvedbo industrijskega, gospodarskega in finančnega načrta, za katerega so v veliki meri jamčili njegovi socialni partnerji in ki naj bi zagotovil dolgoročno sposobnost preživetja podjetja.
The Commission would point out to Italy, however, that the undertakings which it gave continue to apply for as long as the rescue aid remains; Italy must therefore continue to comply strictly with the Commission's authorisation of this aid and in particular ensure that Alitalia refrains from charging predatory prices on all the new routes opened since the 2004 summer season.
Komisija Italijo vseeno opozarja, da obveznosti, ki jih je sprejela, trajajo tako dolgo kot pomoč za reševanje; Italija bo torej morala še naprej strogo spoštovati pogoje odobritve te pomoči in paziti zlasti, da Alitalia ne bo ponujala dampinških cen na vseh novih letalskih progah, odprtih od poletne sezone 2004 naprej.
In particular, Italy remains responsible for providing the Commission with the regular reports provided for in the rescue aid decision to enable it to assess compliance with the undertakings given.
Italija je še naprej dolžna Komisiji pošiljati redna poročila, predvidena v odločitvi o odobritvi pomoči za reševanje, in ji s tem omogočiti, da oceni spoštovanje sprejetih obveznosti.
As for the repayment of the loan guaranteed by the rescue aid, the Commission takes note of Italy's abovementioned undertakings to intervene within eight working days following implementation of the recapitalisation of AZ Fly and, in any event, before 31 December 2005.
Komisija beleži zgoraj omenjeno obveznost Italije, da v 8 delovnih dneh po izvedbi dokapitalizacije AZ Fly in v vsakem primeru pred 31. decembrom 2005 povrne posojilo, zajamčeno s pomočjo za reševanje.
The Commission takes the view that the date of implementation corresponds to the transfer of the corresponding funds to the company.
Komisija meni, da datum izvedbe ustreza nakazilu ustreznih sredstev podjetju.
It will be the responsibility of Alitalia as the aid beneficiary, and of AZ Fly for matters concerning air transport, as Alitalia's successor in this respect and thus still liable, as already indicated, for virtually all the present debt.
Povračilo posojila bo prevzela družba prejemnica pomoči Alitalia in v primeru dejavnosti zračnega prometa AZ Fly, ki bo njen pravni naslednik in bo nosil skoraj celoten znesek sedanjega skupnega dolga, kot je bilo že predstavljeno.
The Commission will obviously continue to monitor the proper implementation of the rescue aid as part of its general State aid monitoring duties.
Komisija bo seveda še naprej spremljala pravilno izvajanje pomoči za reševanje v okviru splošne naloge nadzora državnih pomoči.
Moreover, the Commission takes the view that the undertaking give by the Italian authorities that the State participation in Alitalia should become a minority holding in fact applies only to AZ Fly.
Komisija poleg tega meni, da obveza, ki so jo sprejeli italijanski organi, da bo državni delež postal manjšinski, dejansko velja samo za AZ Fly.