natgillin/translations-raw huggingface dataset:
The Commission notes that the airline has over-achieved its target of 500 voluntary applications for its Early Retirement and Voluntary Redundancy schemes.
Komisija ugotavlja, da je letalska družba presegla svoj cilj 500 prostovoljnih vlog za shemi predčasnega in prostovoljnega upokojevanja.
More than 40 % of the planned total of staff has already left the company.
Več kot 40 % zaposlenih od načrtovanega skupnega števila je že zapustilo družbo.
The assumed cost reduction through contract management of EUR [7 to 9] million in cost savings appears achievable since over EUR [4 to 5] million p.a. has already been committed through negotiations concluded to date and, according to the Maltese authorities, negotiations with Malta International Airport (which is mostly owned by private shareholders) contributing the highest amount of cost savings […] are 90 % concluded.
Predvideno zmanjšanje stroškov z upravljanjem pogodb, ki naj bi prineslo prihranke v vrednosti [7 do 9] milijonov EUR, se zdi dosegljivo, saj je bilo več kot [4 do 5] milijonov EUR letno že dodeljenih prek pogajanj, zaključenih do tega datuma, in po navedbah malteških organov je zaključenih 90 % pogajanj z mednarodnim letališčem Malta (ki je v večinski lasti zasebnih delničarjev), ki bodo prispevala najvišji znesek prihrankov […].
As to the ancillary revenues, the Maltese authorities demonstrated that the assumed figures ([3 to 5] % of total revenues or [3 to 5] % of passenger revenues in FY2016) are substantially lower than the percentages achieved by other carriers including LLC and network carriers.
Glede dodatnih prihodkov so malteški organi dokazali, da so pričakovane številke ([3 do 5] % skupnih prihodkov oziroma [3 do 5] % prihodkov iz potniškega prometa v finančnem letu 2016) precej nižje od odstotkov, ki jih dosegajo drugi prevozniki, vključno z nizkocenovnimi prevozniki in mrežnimi prevozniki.
Furthermore, Air Malta has successfully started to implement some of its ancillary revenue initiatives which deliver results that are in-line, if not above, the predictions contained in the RP.
Poleg tega je Malta uspešno začela izvajati nekatere od svojih pobud za dodatne prihodke, ki zagotavljajo rezultate, ki so v skladu z napovedmi iz načrta za prestrukturiranje ali pa jih celo presegajo.
These results are based on realistic assumptions.
Ti rezultati temeljijo na realnih predpostavkah.
The Commission positively notes that, following the opening decision, all the assumptions of the RP were revised and a number of key assumptions were adapted.
Komisija pozitivno ugotavlja, da so bile po sklepu o začetku postopka vse predpostavke iz načrta za prestrukturiranje spremenjene, številne ključne predpostavke pa so bile prilagojene.
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GDP and market forecasts have been revised to reflect the deteriorating economic situation in Europe.
BDP in tržne napovedi so bili spremenjeni, da bi odražali slabšanje gospodarskega položaja v Evropi.
The 5,9 % annual growth rate for the Maltese air transport market has been reduced to 4 % per annum for the period to 2016 in view of the revised GDP growth forecasts by the IMF and Eurostat.
5,9-odstotna stopnja rasti za malteški trg zračnega prometa je bila ob upoštevanju spremenjenih napovedi MDS in Eurostata za rast BDP za obdobje do leta 2016 znižana na 4 % letno;
As to the assumed yield, Malta demonstrated that the assumed average growth of less than 2 % in yield is in line with the forecast for several network carriers in Europe (e. g. Lufthansa 1,3 % in 2012, Air France-KLM 1,0 % in 2012, IAG 2,9 % in 2012) and lower than the directly competing LCCs easyJet (3,4 % in 2012) and Ryanair (5 % in 2012).
Malta je dokazala, da je predvidena povprečna rast prihodkov v višini manj kot 2 % v skladu z napovedjo za več mrež prevoznikov v Evropi (npr. Lufthansa 1,3 % v letu 2012, Air France-KLM 1,0 % v letu 2012, IAG 2,9 % v letu 2012) in nižja kot pri neposredno konkurenčnih nizkocenovnih prevoznikih easyJet (3,4 % v letu 2012) in Ryanair (5 % v letu 2012);
As to the assumptions on inflation, Air Malta reviewed its assumptions and corrected for inflation by including a 1,2 % p.a. escalation in costs to the fixed component of the aircraft leases.
Air Malta je proučil svoje predpostavke o inflaciji in jih popravil za stopnjo inflacije z vključitvijo 1,2-odstotnega povečanja stroškov letno pri fiksnem delu stroškov zakupov letal.
The revision of the inflation component on the rental agreements results in 60 % of the operating cost base of the airline (personnel costs, fuel and rental agreements) being corrected for inflation.
Na podlagi pregleda inflacijske komponente zakupnih pogodb je bilo 60 % stroškov poslovanja letalske družbe (stroški zaposlenih, gorivo, zakupne pogodbe) popravljenih za stopnjo inflacije.
Conservatively, no inflation assumptions have been made for revenue to account for an increase in purchasing power in the long-term.
Za prihodek ni bilo oblikovanih nobenih predpostavk glede inflacije, da bi se upoštevalo dolgoročno povečanje kupne moči.
Furthermore, wage increases – wages are the second largest cost item for Air Malta – have been included in the RP.
Poleg tega so bila v načrt za prestrukturiranje vključena povečanja plač – plače so za Air Malta druga največja stroškovna postavka;
The costs for fuel, which are the largest cost item for the airline, are expressed in real terms.
stroški za gorivo, ki so za letalsko družbo največja stroškovna postavka, so izraženi realno.
The fuel price forecast has been revised to better reflect the latest long-term oil price forecasts.
Napoved glede cene goriva je bila spremenjena, da bi bolje odražala najnovejše dolgoročne napovedi glede cene nafte.
In addition, Malta provided a scenario analysis including, beside the above mentioned most realistic assumptions (base case scenario), a best case and a worst case scenario with modified assumptions on several key drivers such as expected cost reductions through renegotiation of contracts, staff reduction, number of passengers, revenue per passengers, fuel price and foreign exchange rates.
Poleg tega je Malta predložila analizo scenarijev, ki je poleg zgoraj navedenih najbolj realnih predpostavk (osnovni scenarij) vključevala tudi najboljši in najslabši scenarij s spremenjenimi predpostavkami za več ključnih dejavnikov, kot so pričakovano zmanjšanje stroškov s ponovnim pogajanjem o pogodbah, zmanjšanje števila zaposlenih, število potnikov, prihodek na potnika, cena goriva in devizni tečaji.
Some major European air carriers like British Airways, Iberia or easyJet target a much higher ROCE (12 % [18]) in the next years.
Cilj nekaterih glavnih evropskih letalskih prevoznikov, kot so British Airways, Iberia ali easyJet, je veliko večja donosnost naložbenega kapitala (12 % [18]) v naslednjih letih.
However, the Commission notes that Air Malta as a small carrier with a fleet of only 10 aircraft which does not have much possibility to benefit from synergies and which additionally intends to meet specific needs due to Malta's peripheral geographical situation is not comparable with major flag carriers or large LCCs.
Vendar pa Komisija ugotavlja, da družba Air Malta kot majhen prevoznik s floto samo 10 letal, ki nima veliko možnosti, da bi izkoristil sinergije in ki poleg tega namerava zadovoljevati posebne potrebe zaradi oddaljenega geografskega položaja Malte, ni primerljiva z glavnimi nacionalnimi prevozniki ali velikimi nizkocenovnimi prevozniki.
Given the particularities of the present case, a ROCE of [4 to 6] % appears to be enough to enable Air Malta to compete in the marketplace on its own merits.
Glede na posebnosti obravnavanega primera se zdi, da je [4 do 6]-odstotna donosnost naložbenega kapitala zadostna, da družbi Air Malta omogoča samostojno konkuriranje na trgu.
Furthermore, Air Malta made progress in restructuring up to now which demonstrates that the restructuring measures taken are already effective.
Poleg tega je Air Malta do zdaj dosegla napredek pri prestrukturiranju, kar dokazuje, da so sprejeti ukrepi za prestrukturiranje že učinkoviti.
2011 figures show a revenue increase of 1,6 % compared with 2010 (notwithstanding 8 % capacity reduction) which is 2,9 % ahead of the levels originally forecasted in the RP [19].
Številke iz leta 2011 kažejo, da se je prihodek povečal za 1,6 % v primerjavi z letom 2010 (kljub 8-odstotnemu zmanjšanju zmogljivosti), kar je za 2,9 % več od ravni, ki so bile prvotno predvidene v načrtu za prestrukturiranje [19].
Air Malta's financial performance for the year to date December 2011 has improved by EUR 13 million on last year and is approximately EUR 1 million better than the results forecasted in the RP.
Finančna uspešnost družbe Air Malta se je do decembra 2011 povečala za 13 milijonov EUR v zadnjem letu in je za približno 1 milijon EUR boljša od rezultatov, predvidenih v načrtu za prestrukturiranje.
Other key indicators for the same period show that the seat load factor has increased by [3 to 5] %, passengers have increased by [1 to 3] % and average fare has increased by [0 to 2] % whereas Cost per Available Seat Kilometre (CASK) is [0 to 2] % lower.
Drugi ključni kazalniki za isto obdobje kažejo, da se je stopnja zasedenosti sedežev povečala za [3 do 5] %, število potnikov za [1 do 3] % in povprečna cena vozovnice za [0 do 2] %, medtem ko so stroški na kilometer za [0 do 2] % nižji.
Against this background, the Commission considers that the revised the RP will enable Air Malta to restore its long-time viability within a reasonable timescale.
Glede na navedeno Komisija meni, da bo spremenjeni načrt za prestrukturiranje družbi Air Malta omogočil, da v razumnem času obnovi svojo dolgoročno rentabilnost.
Avoidance of undue distortion of competition (compensatory measures)
Izogibanje neupravičenemu izkrivljanju konkurence (izravnalni ukrepi)
Secondly, according to point 38 of the R&R Guidelines, compensatory measures must be taken in order to ensure that the adverse effects on trading conditions are minimized as much as possible.
Drugič, v skladu s točko 38 smernic za reševanje in prestrukturiranje je treba sprejeti izravnalne ukrepe, ki bodo čim bolj zmanjšali škodljive učinke na pogoje poslovanja.
These measures may comprise divestment of assets, reductions in capacity or market presence and reduction of entry barriers on the markets concerned (point 39 of the R&R Guidelines).
Ti ukrepi lahko vsebujejo prenos sredstev, zmanjševanje zmogljivosti ali prisotnosti na trgu in zmanjševanje vstopnih ovir na zadevnih trgih (točka 39 smernic za reševanje in prestrukturiranje).
In this regard, closure of loss-making activities which would at any rate be necessary to restore viability will not be considered as a reduction of capacity or market presence for the purpose of the assessment of the compensatory measures (point 40 of the R&R Guidelines).
V zvezi s tem se ukinitev dejavnosti, ki ustvarjajo izgubo in ki bi bile v vsakem primeru potrebne za obnovo rentabilnosti, ne bo štela za zmanjševanje zmogljivosti ali prisotnosti na trgu z namenom ocenitve izravnalnih ukrepov (točka 40 smernic za reševanje in prestrukturiranje).
Air Malta proposes the following compensatory measures:
Malta predlaga naslednje izravnalne ukrepe:
Reduction in absolute capacity in passenger transport;
zmanjšanje absolutne zmogljivosti prevoza potnikov;
Surrender of profitable and potentially profitable routes;
sprostitev dobičkonosnih in potencialno dobičkonosnih prog;
Surrender of landing slots at coordinated European airports;
sprostitev slotov za pristajanje na koordiniranih evropskih letališčih;
Reduction of cargo flights;
zmanjšanje števila tovornih letov;
Sale of subsidiaries.
prodaja hčerinskih družb.
Reduction in absolute capacity in passenger transport
Zmanjšanje absolutne zmogljivosti prevoza potnikov
The first compensatory measure offered by Air Malta is the reduction of capacity in passenger transport.
Prvi izravnalni ukrep, ki ga je ponudil Air Malta, je zmanjšanje zmogljivosti prevoza potnikov.
The total capacity reduction amounts to 19,7 % (Summer 2009 to Summer 2012) or 20,9 % (FY2010 to FY2013).
Skupno zmanjšanje zmogljivosti znaša 19,7 % (od poletja 2009 do poletja 2012) oziroma 20,9 % (od finančnega leta 2010 do finančnega leta 2013).
The overall capacity reduction cannot be accepted under point 40 of the R&R Guidelines since this also includes the reduction and withdrawal of unprofitable routes.
Celotnega zmanjšanja zmogljivosti ni mogoče sprejeti na podlagi točke 40 smernic za reševanje in prestrukturiranje, saj to vključuje tudi zmanjšanje in ukinitev nedobičkonosnih prog.
Surrender of profitable and potentially profitable routes
Sprostitev dobičkonosnih in potencialno dobičkonosnih prog
Based on the information provided in the formal investigation procedure, the Commission is in a position to identify 14 routes [20] to be reduced in capacity or withdrawn which are profitable as well as a number of charter flights which can be accepted as compensatory measures.
Na podlagi informacij, predloženih v postopku formalne preiskave, lahko Komisija določi 14 dobičkonosnih prog [20], katerih zmogljivosti je treba zmanjšati ali jih ukiniti, pa tudi število čarterskih letov, ki se lahko sprejmejo kot izravnalni ukrepi.
The profitability of the scheduled routes is determined on the basis of the so called 'gross margin' which is calculated as follows: Revenue minus VDOC (variable direct operating costs) minus FDOC (fixed direct operating costs).
Dobičkonosnost rednih prog je določena na podlagi tako imenovane „bruto marže“, ki se izračuna na naslednji način: prihodek minus neposredni spremenljivi stroški poslovanja minus neposredni stalni stroški poslovanja.
The routes are profitable if they have a gross margin equal or above 0.
Proge so dobičkonosne, če je bruto marža enaka ali večja od 0.
The so called 'net margin' takes also into account the overhead costs.
Pri tako imenovani „neto marži“ so upoštevani tudi režijski stroški.
From the Commission's point of view, the gross margin appears to be the appropriate figure since it takes into account all costs which are directly linked to the route in question.
S stališča Komisije se zdi bruto marža ustrezen podatek, saj upošteva vse stroške, ki so neposredno povezani z zadevno progo.
Applying the 'net margin' would be too strict since the overhead costs have a non-linear relationship to fleet size and capacity and cannot be reduced below a certain level given the fact that some activities and functions are necessary to the normal operations of the airline, regardless of its size.
Uporaba „neto marže“ bi bila preveč stroga, saj so režijski stroški nelinearno povezani z velikostjo flote in zmogljivostjo ter jih ni mogoče zmanjšati pod določeno raven, saj so nekatere dejavnosti in funkcije potrebne za normalno poslovanje letalske družbe ne glede na njeno velikost.
The Commission does not take into account so called 'marginal' routes, i.e. routes which are not profitable today having a gross margin between 0 % and -10 % but have potential for profitability in the future with the right management and commercial attention and investment, since point 40 of the R&R Guidelines refers to 'loss-making activities' at the time of notifying the RP.
Komisija ne upošteva tako imenovanih „mejno dobičkonosnih prog“, tj. prog, ki trenutno niso dobičkonosne in imajo bruto maržo med 0 % in – 10 %, vendar imajo možnost, da s pravilnim upravljanjem ter komercialno pozornostjo in naložbami postanejo dobičkonosne v prihodnosti, saj se točka 40 smernic za reševanje in prestrukturiranje nanaša na „dejavnosti, ki ustvarjajo izgubo“ v času priglasitve načrta prestrukturiranja.
As to the profitability of charter flights, the Maltese authorities confirmed that all charter services were profitable.
Glede dobičkonosnosti čarterskih letov so malteški organi potrdili, da so vse čarterske storitve dobičkonosne.
The overall profitability of charter flights for FY2010 was [5 to 8] % (gross margin).
Splošna dobičkonosnost čarterskih letov za finančno leto 2010 je bila [5 do 8] % (bruto marža).
Based on an overall capacity in FY2010 of 4145522 ASK, the capacity reductions related to both profitable scheduled routes and charter routes amount to […] ASK which is accompanied by an expected capacity increase of […] ASK.
Na podlagi celotne zmogljivosti v finančnem letu 2010 v višini 4145522 ASK zmanjšanja zmogljivosti, ki se nanašajo tako na dobičkonosne redne proge kot na čarterske proge, znašajo […] ASK, spremlja pa jih pričakovano povečanje zmogljivosti v višini […] ASK.
Therefore, the overall capacity reduction in passenger transport acceptable as compensatory measure (capacity reduction related to profitable routes minus capacity increase) between FY2010 and the end of the restructuring period amounts to 5 % of the 2010 capacity.
Zato zmanjšanje celotne zmogljivosti prevoza potnikov, ki je sprejemljivo kot izravnalni ukrep (zmanjšanje zmogljivosti, povezano z dobičkonosnimi progami minus povečanje zmogljivosti), med finančnim letom 2010 in koncem obdobja prestrukturiranja znaša 5 % zmogljivosti v letu 2010.
Surrender of landing slots at coordinated European airports
Sprostitev slotov za pristajanje na koordiniranih evropskih letališčih
As a result of the Air Malta's change in network, the reduction of frequencies operated and the cancellation of certain routes, […] landing slots pairs [21] will be surrendered are at European Level 3 Coordinated Airports [22].
Kot rezultat spremembe mreže družbe Air Malta, zmanjšanja števila letov in ukinitve nekaterih prog bo na evropskih koordiniranih letališčih stopnje 3 [21] sproščenih […] parov slotov za pristajanje [22].
The Commission notes that the surrender of these landing slots will enable other competing airlines to increase their capacity at those coordinated airports (regardless of the concrete route that has been withdrawn) and thus represents a reduction of entry barriers on the market.
Komisija ugotavlja, da bo sprostitev teh slotov za pristajanje omogočila drugim konkurenčnim letalskim družbam, da povečajo svojo zmogljivost na zadevnih koordiniranih letališčih (ne glede na konkretno progo, ki je bila ukinjena), in tako predstavlja zmanjšanje ovir za vstop na trg.
Therefore, this measure can be accepted as a compensatory measure.
Zato se ta ukrep lahko sprejme kot izravnalni ukrep.
Reduction of cargo flights
Zmanjšanje števila tovornih letov
In the formal investigation procedure, Malta has proposed as additional compensatory measure a capacity reduction of 20 % in cargo flights.
V postopku formalne preiskave je Malta kot dodaten izravnalni ukrep predlagala zmanjšanje zmogljivosti tovornih letov za 20 %.
According to Malta, all cargo flights concerned have been profitable.
Po navedbah Malte so vsi zadevni tovorni leti dobičkonosni.
Air Malta holds a significant market position in the local cargo and freighter market (with a market share of 28 % for flights from and to Malta).
Air Malta ima pomemben tržni položaj na lokalnem trgu za prevoz tovora in blaga (z 28-odstotnim tržnim deležem za lete z Malte in na Malto).
Therefore, the Commission will take into account this reduction as compensatory measure.
Zato bo Komisija to zmanjšanje upoštevala kot izravnalni ukrep.
Beyond the capacity reduction, Air Malta proposes the sale of non-loss making assets as compensatory measures.
Poleg zmanjšanja zmogljivosti Air Malta kot izravnalni ukrep predlaga prodajo sredstev, ki ne ustvarjajo izgube.
This includes its subsidiaries Shield Insurance Company Ltd ("Shield Insurance") and Osprey Insurance Brokers Company Ltd ("Osprey Insurance Brokers").
To vključuje njeni hčerinski družbi Shield Insurance Company Ltd („Shield Insurance“) in Osprey Insurance Brokers Company Ltd („Osprey Insurance Brokers“).
Shield Insurance is a Captive Insurance Company operating in Guernsey and is primarily set up to insure Air Malta's peripheral aviation insurance policies.
Shield Insurance je lastna zavarovalnica, ki deluje v Guernseyu in je bila ustanovljena predvsem z namenom sklepanja zavarovalnih polic za opravljanje letov letalske družbe Air Malta v obrobne regije.
However it has access to the international insurance market and is licensed to transact insurance business of various classes, both in respect of the Air Malta Group as well as for third parties.
Vendar pa ima dostop do mednarodnega zavarovalniškega trga in dovoljenje za sklepanje zavarovalniških poslov različnih razredov, tako v zvezi s skupino Air Malta kot za tretje strani.
Osprey Insurance Brokers is an insurance broker and specialises in handling accounts of a medium to large economical nature involving all classes of insurances, including aviation.
Osprey Insurance Brokers je zavarovalni posrednik, specializiran za zavarovanja srednje do velike ekonomske vrednosti, ki vključujejo vse razrede zavarovanj, vključno z letalstvom.
According to point 40 of the R&R Guidelines, the compensation measures should take place in particular in the market where the firm will have a significant market position after restructuring.
V skladu s točko 40 smernic za reševanje in prestrukturiranje se morajo izravnalni ukrepi izvajati zlasti na trgu, kjer bo imelo podjetje po prestrukturiranju pomemben tržni položaj.
The market where Air Malta has and will have a significant market position is the Maltese air transport market (both passengers and cargo).
Trg, na katerem ima in bo imela družba Air Malta pomemben tržni položaj, je malteški trg zračnega prometa (tako potniškega kot tovornega).
This does not apply to the insurance sector.
To ne velja za zavarovalniški sektor.
The insurance activities are non-core activities which are not strictly related to the air transport business.
Zavarovalniške dejavnosti so pomožne dejavnosti, ki niso strogo povezane z zračnim prometom.
In fact, after the sale of Shield Insurance and Osprey Insurance Brokers, the Air Malta group will not be active in the insurance market anymore.
Dejansko skupina Air Malta po prodaji Shield Insurance in Osprey Insurance Brokers ne bo več dejavna na zavarovalniškem trgu.
Therefore, the sale neither of Shield Insurance nor of Osprey Insurance Brokers can be considered as compensatory measures.
Zato se niti prodaja Shield Insurance niti prodaja Osprey Insurance Brokers ne more šteti za izravnalni ukrep.
Appropriateness of the proposed compensatory measures
Ustreznost predlaganih izravnalnih ukrepov
When assessing whether the compensatory measures are appropriate the Commission will take account of the market structure and the conditions of competition to ensure that any such measure does not lead to deterioration in the structure of the market (point 39 of the R&R Guidelines).
Pri presojanju ustreznosti ukrepov bo Komisija upoštevala strukturo trga in pogoje konkurence ter s tem preprečila, da bi kateri od teh ukrepov povzročil poslabšanje strukture trga (točka 39 smernic za reševanje in prestrukturiranje).
The compensatory measures must be in proportion to the distortive effects of the aid and, in particular, to the size and the relative importance of the firm on its market or markets.
Izravnalni ukrepi morajo biti sorazmerni z izkrivljajočimi učinki pomoči ter zlasti z velikostjo in relativno pomembnostjo podjetja na njegovem trgu ali trgih.
The degree of reduction must be established on a case-by-case basis (point 40 of the R&R Guidelines).
Stopnjo zmanjševanja je treba ugotoviti za vsak primer posebej (točka 40 smernic za reševanje in prestrukturiranje).