natgillin/translations-raw huggingface dataset:
During six months of operation in 2013, the B787 aircraft generated a higher financial result (by PLN […] million) than its predecessor the B767 aircraft, in a comparable period of 2012.
S temi posli torej družbi LOT ni bila dana prednost, ki je v običajnih tržnih razmerah ne bi pridobila.
Referring to the alleged insufficient demand on long haul routes, Poland submitted evidence demonstrating that it has one of the biggest and growing markets to North America, bigger than some established Western European hubs and bigger than Prague and Budapest combined.
Iz tega sledi, da obravnavani odlogi plačila letaliških pristojbin ne pomenijo državne pomoči.
Poland argues that, contrary to the Hungarian example, LOT has a stronger base to set up a niche long haul market benefiting from substantial ethnic traffic and traffic flows from eastern markets, such as Ukraine, Belarus and Russia.
Drugi posli
Concerning the finance lease of B787 aircraft as a source of own contribution and a sign of market confidence in LOT, Poland clarified that the commercial lenders and Ex-Im Bank carried out professional and comprehensive due diligence prior to extending financing to LOT.
Kar zadeva posle družbe LOT v zvezi z nepremičninami, Komisija glede na pojasnila, ki jih je zagotovila Poljska, ugotavlja naslednje.
The assessment was made just before delivery of the aircraft in November 2012 and the creditors were fully informed about LOT's financial situation.
Kar zadeva prodajo sedeža družbe LOT družbi PZU/PB1, Komisija ugotavlja, da je kupec zasebna družba, kot je opisano v uvodnih izjavah 139 in 140 zgoraj, in zato njena sredstva niso državna sredstva.
At that time, they did not know that LOT would receive State aid, as Poland notified the rescue aid only on 14 December 2012.
Ta posel zato ne pomeni državne pomoči v smislu člena 107(1) PDEU.
Poland provided detailed clarifications on the methodology used by LOT to calculate profitability of the routes.
Komisija v zvezi s (i) prodajo nepremičnine na ulici 17 Stycznia 39 družbi TF Silesia, (ii) prodajo tovornega terminala družbi LS Airport Services in (iii) prodajo gostinskih zmogljivosti družbi LOT Catering ugotavlja, da je bil kupec družba pod neposrednim ali posrednim nadzorom države.
Poland also recalled research data indicating that a majority of carriers have used a methodology similar to that adopted by LOT.
Družbi TF Silesia in LS Airport Services sta obe pod neposrednim nadzorom državne zakladnice.
Concerning the restoration of long-term viability and in particular the allegedly overestimated ROCE, Poland informed the Commission that LOT conducted an analysis of ROCE among 73 worldwide airlines over the past 6 years and found that its projected ROCE is around the median of European airlines and much below the most efficient European air carriers in the last financial year.
Kar zadeva družbo LOT Catering, je njen edini delničar sklad RGS prav tako v 100-odstotni lasti državne zakladnice, kot je opisano v uvodni izjavi 139 zgoraj.
On this basis, Poland claims that the assumed ROCE should not be considered unrealistic.
Vse te družbe so zasebnopravne družbe, za katere velja zakon o gospodarskih družbah.
Referring to the alleged market overcapacity, Poland points out that over the last three years airline capacity in Poland, measured by seats offered, has grown by 6,2 % p.a. on average, while total passenger demand has grown by 7,3 % annually.
V skladu z zakonom je za prodajo ali nakup nepremičnine v primeru družb z omejeno odgovornostjo in pod nekaterimi pogoji tudi v primeru delniških družb potrebno soglasje skupščine delničarjev [61].
Against this background, Poland notes that in 2014 LOT will offer […] % fewer seats from/to Poland than before the restructuring, whereas the competitors are estimated to increase their offer by over 30 %.
Ob upoštevanju, da državna zakladnica neposredno ali posredno uresničuje vse glasovalne pravice na skupščinah delničarjev družb TFS, LS Airport Services in LOT Catering, je bila torej država neizogibno vključena v postopek odločanja v zvezi z zadevnimi posli.
As regards LOT's alleged expansion on the charter market, Poland informed that LOT has actually decreased its share in this segment from [> 3] % in 2012 to [< 1,5] % in 2013 (down from [> 15] % in 2010).
Komisija glede na te preudarke ugotavlja, da je mogoče odločitve družb TF Silesia, LS Airport Services in LOT Catering pripisati državi.
LOT has no plans to continue its presence in the charter market after the restructuring.
Ker so te družbe javna podjetja, so njihova sredstva državna sredstva.
ASSESSMENT OF THE AID
V vseh teh primerih je bila vrednost nepremičnine predmet neodvisnega vrednotenja, opravljenega v skladu s splošno sprejetimi tržnimi kazalniki in standardi vrednotenja (med drugim ob upoštevanju primerjalnih poslov in razmer na lokalnem trgu).
EXISTENCE OF STATE AID
Cenilci premoženja so bili ustrezno usposobljeni in so imeli ustrezne izkušnje.
Article 107(1) TFEU provides that any aid granted by a Member State or through State resources in any form whatsoever, which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods and affects trade among Member States, is incompatible with the internal market.
Komisija ugotavlja, da so bila vrednotenja opravljena pred izvedbo poslov.
Restructuring aid
Ugotavlja tudi, da zadevni posli izpolnjujejo zahteve neodvisnega strokovnega vrednotenja, kot so določene v Sporočilu Komisije o elementih državne pomoči pri prodaji zemljišč in objektov s strani javnih oblasti [62].
The restructuring aid is to be granted by the Ministry of State Treasury, therefore it is clear that it involves State resources and is imputable to the State.
Komisija na podlagi teh preudarkov ugotavlja, da so rezultati navedenih vrednotenj ustrezen približek tržnih cen za zgoraj opisane nepremičnine.
The restructuring aid is to be granted to one specific undertaking only, i.e. LOT, on terms that the Company would not have been able to obtain on the market, given its difficult financial condition.
Komisija zato ugotavlja, da z zgoraj opisanimi posli v zvezi s prodajo nepremičnin družbe LOT tej družbi ni bila dana prednost, ki je v običajnih tržnih razmerah ne bi pridobila, in zato ti posli ne pomenijo državne pomoči v smislu člena 107(1) PDEU.
Poland confirms this in the restructuring plan which states that State aid is the only possible source of financing that will allow the Company to continue operations and to implement the restructuring measures.
Posojila
Therefore, the Commission concludes that the measure provides the beneficiary with a selective advantage.
Kar zadeva posojila za družbo LOT, Komisija glede na pojasnila, ki jih je zagotovila Poljska, ugotavlja naslednje.
Furthermore, the aid is apt to improve the competitive position of LOT in the air transport business.
Kar zadeva posojili, ki sta ju družbi LOT zagotovili skupina PZU in družba PKN Orlen, kot je opisano v uvodnih izjavah 142 in 143 zgoraj, Komisija ugotavlja, da sta to zasebni družbi.
Undertakings from different Member States are competing in the air transport business in the EU, in particular since the entry into force of the third stage of liberalisation of air transport (‘third package’) on 1 January 1993 [53].
Zato njunih odločitev ni mogoče pripisati državi in njuna sredstva niso državna sredstva.
Therefore, the aid distorts or threatens to distort competition and affects trade between Member States.
Navedeni posojili torej ne pomenita državne pomoči v smislu člena 107(1) PDEU.
On the basis of these considerations, the Commission concludes that the notified measure constitutes State aid pursuant to Article 107(1) TFEU.
Kar zadeva posojilo, ki ga je družbi LOT zagotovila družba TF Silesia, je mogoče odločitve družbe TF Silesia, kot je bilo že ugotovljeno v uvodni izjavi 175 zgoraj, pripisati državi, njena sredstva pa so državna sredstva.
Deferral of airport charges and other transactions
Kar zadeva posojilo, ki ga je družbi LOT zagotovila družba OLPP, Komisija ugotavlja, da je njen edini delničar, tj. družba PERN, v 100-odstotni lasti državne zakladnice, kot je opisano v uvodni izjavi 142 zgoraj.
Deferral of airport charges
Državna zakladnica torej uresničuje vse glasovalne pravice na skupščini delničarjev te družbe in imenuje vse člane njenega upravnega odbora.
As regards imputability, the Commission notes that all the airports which granted deferrals to LOT are controlled either directly or indirectly by the Polish State as described in recital 103 above.
Glede na zgoraj navedeno Komisija meni, da je mogoče odločitve družbe OLPP pripisati državi in da so njena sredstva državna sredstva.
Considering that in line with the settled case law [54] ‘the mere fact that a public undertaking is under State control is not sufficient for measures taken by that undertaking (…) to be imputed to the State’, the Commission has to examine, within the scope of the present investigation, the intensity of the supervision exercised by the State over the management of the airports.
Glede na zgoraj navedeno je morala Komisija v zvezi s posojiloma, ki sta ju družbi LOT zagotovili družbi TF Silesia in OLPP, oceniti, ali sta bili navedeni posojili zagotovljeni pod tržnimi pogoji.
Furthermore, the Commission has to verify whether there are any other indicators showing the involvement of the State in granting the deferrals of airport charges to LOT or whether such decisions were taken autonomously by the airports without any State interference.
Glede na to, da je bilo pri zadevnih posojilih dano zavarovanje zelo dobro in da so bile uporabljene obrestne mere podobne tistim, ki jih uporabljajo zasebni upniki, kot je opisano v uvodni izjavi 144 zgoraj, Komisija ugotavlja, da sta bili navedeni posojili zagotovljeni pod tržnimi pogoji.
The Commission notes that the KPMG Report, submitted by Poland, describes the decision-making process taken by each of the airports in case of each of the deferral agreements, including the initiation of the debt collection process, calls for payment and negotiations concerning the terms and conditions of the deferrals.
Komisija zato ugotavlja, da posojila, zagotovljena družbi LOT, ne pomenijo državne pomoči v smislu člena 107(1) PDEU.
The KPMG Report indicates as well the parties involved in negotiations (e.g. the legal, debt collection and finance departments of the airports).
Prodaja hčerinskih družb
The KPMG Report does not indicate any State interference in the granting of the deferrals of the airport charges to LOT.
Kar zadeva prodajo hčerinskih družb družbe LOT, Komisija glede na pojasnila, ki jih je zagotovila Poljska, ugotavlja naslednje.
Nonetheless, as regards PPL, the company managing Warsaw Chopin Airport, the Commission notes that it is subject to public law and wholly owned by the State Treasury which appoints its General Director.
Komisija v zvezi s prodajo družb LOT Services, LOT Catering, LOT AMS in LOT Cargo ugotavlja, da so bili ti posli predmet sklepa Komisije v zadevi SA.
PPL is subject to a significant level of supervision by the public authorities [55] as described in recitals 103 and 105 above.
33337 [63], s katerim je Komisija ugotovila, da navedeni posli niso vključevali državne pomoči.
Moreover, Warsaw airport is the main Polish airport, it handles around 10 million passengers per year and it is of capital importance for Poland's connectivity with the rest of the world.
Navedeni sklep se ni izpodbijal in je postal dokončen.
As regards the regional airports, the Commission notes that those are private law companies, directly or indirectly controlled by the State and in particular in each case PPL is one of their public shareholders [56] as described in recital 103 above.
V zvezi s pripombami zainteresiranih strani, da je družba LOT delnice v navedenih hčerinskih družbah prodala nad njihovo tržno vrednostjo, in zlasti, da prodajna cena družb LOT AMS in LOT Services ni izražala dejstva, da: (i) je bila družba LOT AMS še v posebno težkem finančnem položaju in (ii) da je bila predhodnica družbe LOT Services, tj. družba LOT Ground Services Sp. z o.o.
Moreover, the operation of regional airport has an important impact on the local economy and therefore it is improbable that local authorities are not involved in some way in important operating decisions of those airports, which they control.
(v nadaljnjem besedilu: družba LOT Ground Services), predmet postopka zaradi insolventnosti, kot je opisano v uvodni izjavi 132 zgoraj, Komisija ugotavlja, da so bili zgoraj navedeni posli že predmet preiskave Komisije.
Taking into account the impact the decisions concerning the deferral of airport charges could have on LOT and on the activities of all those airports at local or national level and that LOT is the key customer of PPL and the strong links between PPL and the State and finally the fact that PPL is subject to public law, it is highly improbable that those decisions could have been taken without any involvement whatsoever of the State.
Zlasti kar zadeva družbo LOT AMS, je prodajna cena delnic temeljila na treh neodvisnih predhodnih vrednotenjih, ki so bila opisana in ocenjena v sklepu Komisije v zadevi SA.
Therefore, the Commission concludes that even if it cannot be precisely demonstrated that Poland incited PPL to defer the airport charges due by LOT, the public authorities must be considered as involved in those decisions in one way or another.
33337 [64].
In summary, the Commission concludes that there are sufficient elements to consider that the deferrals of airport charges are imputable to the State.
Prav tako so bili v sklepu Komisije v zadevi SA.
Because the deferrals involve a potential loss of resources of public undertakings those measures are granted through States resources.
33337 [65] opisani in ocenjeni posli v zvezi z družbo LOT Cargo.
Nevertheless, in order to determine whether those measures grant an economic advantage to LOT for the purpose of Article 107(1) TFEU, the Commission must establish whether PPL and the regional airports (in deferring the airport charges) behaved in a way comparable to that of a private creditor in a similar situation.
Kar zadeva družbi LOT Ground Services in LOT Services, je Komisija preverila, ali je bila družba LOT Services pravni naslednik družbe LOT Ground Services, in ugotovila, da je ta prevzela le del sredstev likvidirane družbe [66].
If that is the case, LOT cannot be regarded as having obtained an advantage, which it would not have obtained under normal market conditions and the measures would not therefore constitute State aid within the meaning of Article 107(1) TFEU (‘the market economy operator test’).
Glede na navedeno Komisija nima razloga, da bi spremenila svojo oceno iz sklepa o državni pomoči v zadevi SA.
In particular, the Commission notes that in line with the settled case law [57], the context in which the deferrals were granted to LOT, i.e. the economic crisis and other extraordinary events, as described in recital 108 above, should be taken into account when assessing their market conformity.
33337.
The Commission also notes that LOT is the key customer of the airports in Poland and generates a considerable part of their revenue as described in recital 109 above.
Glede prodaje družbe Casinos Poland družbi Vicco, kot je opisano v uvodni izjavi 145 zgoraj, Komisija ugotavlja, da je družba Vicco zasebna družba.
Therefore, the airports have a particular interest in continuing their cooperation with LOT.
Zato odločitev družbe Vicco ni mogoče pripisati državi in njena sredstva niso državna sredstva.
Moreover, the Commission assessed the information concerning the comparison between the advantages and disadvantages of possible options to recover the debt from LOT by the airports, i.e. deferral of the airport charges, litigation proceedings or insolvency submitted by Poland.
V zvezi s prodajo družbe Petrolot družbi PKN Orlen, kot je opisano v uvodni izjavi 145 zgoraj, je Komisija v uvodni izjavi 179 zgoraj že ugotovila, da je PKN Orlen zasebna družna, zato njenih odločitev ni mogoče pripisati državi in njena sredstva niso državna sredstva.
In particular, with reference to the timeframe, the Commission notes that the average deferral period granted by the airports to LOT was of approx.
V zvezi s prodajo družbe Eurolot družbi TF Silesia, kot je opisano v uvodni izjavi 145 zgoraj, je Komisija že ugotovila, da je mogoče njene odločitve pripisati državi in da so njena sredstva državna sredstva.
6,5 months.
Vendar Komisija ugotavlja tudi, da je bilo pred poslom objavljeno javno povabilo k pogajanjem.
This seems advantageous for the airports when compared with the average time to claim receivables in Poland (i.e. over 2 years) or with the average duration of insolvency proceedings in Poland (i.e. on average 3 years).
Poleg tega je bila vrednost delnic družbe Eurolot določena na podlagi poročil o vrednotenju, ki so bila pripravljena pred izvedbo posla.
It remains advantageous also if compared with the longest deferral period granted to LOT which was of approximately 1 year.
Vrednotenja so temeljila na običajnih in sprejetih metodologijah (tj. metodi diskontiranih denarnih tokov (DCF) in metodi prilagojene vrednosti čistega premoženja) ter verjetnih predpostavkah.
In addition, the Commission observes that when the deferral decisions were made, LOT still had assets which could have been used as collateral [58].
Na podlagi navedenega Komisija ugotavlja, da so rezultati teh vrednotenj ustrezen približek tržnih cen deleža družbe LOT v družbi Eurolot.
The deferrals were therefore more advantageous for the airports than filing for insolvency, where the airports' receivables would have been repaid in the last category of creditors, possibly with a much lower percentage than in case of the deferrals, as described in recitals 110 and 114 above.
Glede na navedeno ugotavlja še, da je ta posel v skladu s trgom.
As regards the terms and conditions of the deferrals, the Commission notes that the interest charged by the airports seems to reflect market conditions as it was set at a level comparable with the average interest rate [59] charged for loans granted in the industry sector in the relevant period while at the same time the airports were not obliged to apply the statutory rate.
Komisija torej ugotavlja, da prodaja hčerinskih družb družbe LOT ne pomeni državne pomoči.
Furthermore, the Commission notes that the majority of the deferred amount was secured on LOT's assets.
Zagotavljanje storitev
In the remaining cases LOT provided blank promissory notes and/or LOT recognised its debt towards a given airport which significantly improved the position of airports in case of debt collection as described in recitals 112 and 113 above.
Komisija v zvezi z dobavo goriva družbi LOT s strani družbe PKN Orlen in njene hčerinske družbe Petrolot po domnevno nižjih cenah, kot je opisano v uvodni izjavi 146 zgoraj, navaja, da sta družba PKN Orlen in njena hčerinska družba Petrolot zasebni družbi.
Furthermore, the Commission notes that also private creditors of LOT allowed it to defer payment of debts on similar terms and conditions, including an interest rate lower than the statutory interest or without interest and in some cases also without a collateral as described in recital 115 above.
Zato sredstva družbe PKN Orlen niso državna sredstva; Komisija ugotavlja, da posli v zvezi z dobavo goriva za družbo LOT ne pomenijo državne pomoči.
Finally, the Commission acknowledges that all the deferred airport charges have been fully repaid by LOT as described in recital 116 above.
ZAKONITOST POMOČI ZA PRESTRUKTURIRANJE
As regards the KPMG Report submitted by Poland, the Commission notes that it analyses the market character of each of the deferral agreements, as described in recital 117 above.
V skladu s členom 3 Uredbe Sveta (ES) št. 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES [67] se pomoč ne izvaja, preden Komisija sprejme ali se šteje, da je sprejela, sklep o odobritvi takšne pomoči (v nadaljnjem besedilu: obveznost mirovanja).
In particular, the methodology used by KPMG which compares the base scenario in which the deferrals of airport charges are granted to LOT with the alternative scenario in which no deferrals of airport charges are granted to LOT and the insolvency proceedings are being initiated against LOT is based on the objectively verifiable data (statistics, concrete examples, etc.).
Poljska do danes ni izvedla pomoči za prestrukturiranje družbe LOT.
The scenarios were compared in three different sub-scenarios which contribute to provide an objective result.
Komisija zato ugotavlja, da je bila obveznost mirovanja upoštevana.
The comparison of those two scenarios confirms that the deferral of airport charges was, in each case, economically rational and more beneficial for the airports than the alternative scenario of initiating the insolvency proceedings.
ZDRUŽLJIVOST POMOČI ZA PRESTRUKTURIRANJE
The KPMG Report is based on commonly used methods of evaluation and it does not raise doubts concerning the methodology and standards used.
Člen 107(3)(c) PDEU določa, da se lahko državna pomoč odobri, če je dodeljena za pospeševanje razvoja nekaterih gospodarskih sektorjev, kadar takšna pomoč ne spreminja trgovinskih pogojev v obsegu, ki bi bil v nasprotju s skupnimi interesi.
Based on these considerations, the Commission considers that the results of the Report provide for a reliable confirmation of the market conformity of the deferral agreements.
Komisija meni, da ta ukrep pomeni pomoč za prestrukturiranje, ki jo je treba oceniti glede na Smernice, da se ugotovi, ali je združljiva z notranjim trgom v smislu člena 107(3) PDEU.
The Commission observes that a creditor who is considering deferring payment of its receivables cannot be compared to an investor, as the business terms and conditions in those cases are different, i.e. an investor intends to earn a profit, carefully assesses the risks, demands satisfactory security and, in the absence of security, may withdraw from the investment, etc. while a creditor is in a different situation.
Podjetje v težavah
Its receivable already exists and is unsecured.
V skladu s točkama 12(a) in 14 Smernic so do pomoči za prestrukturiranje upravičena samo podjetja v težavah.
The creditor can therefore only choose between claiming the receivable in court or resolving the matter amicably and therefore it may be willing to accept different, sometimes less advantageous terms of repayment of debt than in the case of an investor.
Da bi bila družba opredeljena kot podjetje v težavah, mora izpolnjevati merila iz točke 10 ali 11 Smernic.
In particular the creditor may accept certain concessions of the debtor facilitating enforcement (e.g. by recognizing the debt, voluntary submission to enforcement, etc.) or establishing security if possible.
V skladu s točko 10 se za podjetje šteje, da je v težavah, kadar:
The creditor may therefore have an interest in allowing a debt deferral if it may later help for example to carry out enforcement [60].
je v primeru družbe z omejeno odgovornostjo izgubljena več kot polovica njenega osnovnega kapitala in je bila več kot četrtina tega kapitala izgubljena v preteklih 12 mesecih;
In view of these considerations, the Commission concludes that the State-owned airports acted as a market economy creditor when granting deferrals of the airport charges to LOT.
ne glede na vrsto zadevne družbe, ta izpolnjuje merila na podlagi domače zakonodaje za uvedbo kolektivnih postopkov insolventnosti.
Therefore, those transactions did not grant LOT any advantage that it would not have obtained under normal market conditions.
Komisija je v sklepu o začetku postopka navedla, da družba LOT, ki je družba z omejeno odgovornostjo, izpolnjuje merili iz točke 10(a) Smernic, ker je na dan 31. decembra 2012 izgubila več kot polovico svojega osnovnega kapitala (169,7 %) in več kot eno četrtino tega v preteklih 12 mesecih (89,3 %) [68].
It follows that the deferrals of the airport charges considered herewith do not constitute State aid.
Zaradi čistega dobička, izkazanega leta 2013, bi se zdelo, da družba LOT trenutno ne izpolnjuje drugega podmerila iz točke 10(a).
Other transactions
Vendar je bil čisti dobiček, dosežen leta 2013, mogoč zgolj zaradi pomoči za reševanje.