natgillin/translations-raw huggingface dataset:
Third, Poland explained that from the airports' perspective, it was better to defer part of LOT's payments than for the carrier to be put into insolvency.
Povečanje dodatnih prihodkov je v skladu s sedanjim tržnim trendom, pri čemer se tradicionalne letalske družbe usmerjajo k hibridnemu poslovnemu modelu, ki vključuje nekatere lastnosti nizkocenovnih prevoznikov, in torej ne bi smelo ogroziti znamke družbe LOT ali odvrniti strank.
Notably, because at the time when the deferral decisions were made, LOT still had assets which could have been used as collateral.
Dejanski poslovni rezultat za leto 2013 je bil mnogo boljši, kot je bilo predvideno v načrtu prestrukturiranja.
In comparison, in case of insolvency, the airports' receivables would have been repaid in the last category of creditors, with a much lower percentage than in case of deferral [31].
Družba LOT je opredelila morebitne vire za nadaljnje izboljšanje.
In addition, in Poland insolvency proceedi ngs take on average 3 — 3.5 years which goes far beyond the average deferral period of approx.
To kaže, da je napovedani dobiček iz osnovne dejavnosti v letu 2014 uresničljiv.
6.5 months granted to LOT by the airports, see recital 114 below.
V zvezi z načrtovanim prihodkom od podnajema zrakoplovov je družba LOT pripravila nadomestni scenarij za floto, v katerem je predvidena daljša uporaba nekaterih zrakoplovov.
Fourth, according to Poland, the terms and conditions of the deferrals fully reflected market conditions, as regards: (i) interest rate, (ii) collateral and (iii) deferral periods.
Poljska je predložila finančne projekcije, iz katerih je razvidno, da bi družba LOT v primeru dejanske izvedbe tega scenarija še vedno obnovila sposobnost preživetja.
In particular, as regards the interest rate [32], Poland indicates that the interest rate applied in case of the deferral agreements shall be distinguished from the statutory interest [33], which is a form of penalty for late payment while the purpose of the deferral agreements is to enable a debtor to repay the liabilities in a reasonable time.
Navedla je tudi, da je družba LOT leta 2013 dosegla [> 100] % načrtovanih koristi prestrukturiranja (v primerjavi s 85 %, predvidenimi v načrtu).
As regards the collateral, Poland underlines that for two-thirds of the deferral agreements the deferred amount was secured by mortgages and pledges on LOT's assets.
Poljska je nadalje pojasnila, kako družba LOT izračunava donosnost prog (glej oddelek 7.3.4).
For most of the remaining deferral agreements the deferred amount [34] was secured with blank promissory notes which accelerate the collection of debt.
Poudarila je, da je metodologija v skladu s standardi industrije.
For only six agreements there was no collateral.
Poljska je predložila dokaze, da je Ex-Im Bank opravila skrben pregled poslovanja družbe LOT, preden je privolila v izdajo garancije, in pojasnila, da je bilo leta 2012 približno 30 % poslov financiranja zrakoplovov po svetu sklenjenih s sodelovanjem IKA.
In each case, however, LOT recognised its debt towards a given airport, enabling it to easily bring a claim in court, where necessary.
Poljska je Komisijo tudi obvestila, da je eden od ponudnikov družbi LOT ponudil financiranje brez garancije IKA.
As regards the deferral periods, Poland underlines that the average deferral period was approx.
Poleg tega je tveganje družbe LOT ocenil ameriški kapitalski trg, na katerem so leta 2013 najem uspešno refinancirali zasebni vlagatelji.
6.5 months which is advantageous if compared with the duration of litigation proceedings in Poland (over two years) [35] or with the duration of insolvency proceedings (on average 3-3,5 years) [36].
Poljska je še poudarila, da je finančni najem glede na prakso odločanja Komisije sprejemljiva oblika lastnega prispevka, in ponovila, da je to značilna oblika financiranja nabave zrakoplovov.
Poland also maintained that other private creditors of LOT allowed it to defer payment of debts of hundreds of millions of PLN over the similar deferral periods and at similar conditions, including an interest rate lower than the statutory interest or without interest and in some cases also without collateral [37].
Po mnenju Poljske je finančni najem novega zrakoplova pod pogoji, podobnimi pogojem za družbo LOT, glej uvodne izjave 77 do 80 zgoraj (vključno z vrsto uporabljenega zavarovanja), standardna oblika financiranja v letalski industriji, nedavno pa so ga uporabile tudi številne druge evropske letalske družbe, na primer Ryanair, KLM, Norwegian Air, Czech Airlines, Austrian Airlines in Alitalia.
Finally, Poland confirmed that all the deferred payments have been fully repaid.
V. PRIPOMBE ZAINTERESIRANIH STRANI
Furthermore, in order to substantiate its position as outlined in recitals 101-116 above, Poland submitted a report prepared by KPMG Advisory Spółka z ograniczoną odpowiedzialnością sp. k.
Komisija je prejela pripombe sedmih zainteresiranih strani: družbe Ryanair, skupine International Airlines Group (v nadaljnjem besedilu: skupina IAG), dveh strani, ki nista želeli razkriti svoje identitete, sindikata „NSZZ Solidarność 80“ podjetja PPL (v nadaljnjem besedilu: sindikat), samega podjetja PPL ter poslovnega združenja delodajalcev Poljske.
(‘KPMG’/‘KPMG Report’).
Družba Ryanair je ponovila svojo trditev, prvotno izraženo v pritožbi, da je družba LOT že prejela državno pomoč v obliki odloga plačila letaliških pristojbin, ki so ga odobrila poljska letališča v državni lasti.
The KPMG Report describes the decision-making process of the airports which led to each of the deferral agreements.
Poleg tega je izrazila dvome glede ponovnega doseganja rentabilnosti družbe LOT, pri čemer je navedla, da so pretekli poskusi prestrukturiranja spodleteli, da so napovedi o koristih, ki izhajajo iz uvedbe zrakoplovov B787, preveč optimistične in da družbi LOT morda ne bo uspelo znižati stroškov zaposlovanja zaradi morebitnega pritiska sindikatov.
The KPMG Report provides as well for a market analysis of each of the deferral agreements.
Po mnenju skupine IAG bi bilo treba prestrukturirati tudi mrežo letov na dolge razdalje družbe LOT.
The methodology used by KPMG for the purposes of the market analysis is based on comparison of a base scenario [38] (i.e. deferral of airport charges) with an alternative scenario [39] (i.e. no deferral is granted to LOT).
Skupina IAG zlasti meni, da za podporo zmogljivosti, ki jo družba LOT razvija na ameriškem trgu, ni zadostnega povpraševanja.
In order to verify the economic rationale of the deferral agreements, base and alternative scenarios were compared on the basis of current and net present value.
Skupina IAG navaja primer družbe Malév, ki je neuspešno poskušala ohraniti neposredne lete med Budimpešto in New Yorkom.
The comparison of those two scenarios showed 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.
V zvezi s finančnim najemom zrakoplovov B787 je pripomnila, da so morale biti ocene Ex-Im Bank in poslovne banke posojilodajalke opravljene bodisi pred sedanjimi težavami v zvezi z likvidnostjo bodisi v pričakovanju državne pomoči.
First, it has received the long-awaited B787 aircraft, which is a main pillar of its restructuring plan.
Poudarila je, da je napovedani ROCE preveč optimističen, in pripomnila, da namerava družba LOT povečati zmogljivost v času, ko se poljski trg srečuje s presežno zmogljivostjo.
Secondly, LOT has addressed weaknesses of earlier attempts by focusing on previously unresolved problems (e.g. more consistent employment reduction).
Menila je tudi, da odložene letališke pristojbine pomenijo državno pomoč.
Thirdly, the macroeconomic environment has improved.
Nadalje je pripomnila, da je merjenje donosnosti prog, predlaganih za izravnalne ukrepe, samo na podlagi variabilnih stroškov dolgoročno neustrezno.
Finally, LOT's actual financial results after five quarters of the implementation of the restructuring plan are much better than planned.
Po mnenju zainteresirane strani bi bilo treba dolgoročno vse proge meriti na podlagi tega, kar družba LOT imenuje Prag 2.
LOT's liquidity situation has improved.
Druga zainteresirana stran, ki ni želela razkriti svoje identitete, je pripomnila, da je družba LOT zaradi državne pomoči povečala svojo zmogljivost na poljskem trgu čarterskih poletov, zaradi česar se je domnevno poslabšal konkurenčni položaj zainteresirane strani in so bila kršena pravila EU o državni pomoči.
Not only did it not lose liquidity in August 2013, as was forecast in the restructuring plan, but it gained additional sources of funding, e.g. the […] from Boeing […].
Izrazila je tudi dvome glede ponovnega doseganja rentabilnosti družbe LOT, pri čemer je med drugim trdila, da so koristi zrakoplovov B787 precenjene in da se zdijo finančne napovedi nerealne.
In effect, the actual cash flows from operations in 2013 have been better than planned.
Dvomila je tudi v donosnost prog, predlaganih za izravnalne ukrepe.
Likewise, the actual financial impact of the introduction of B787 turned out to be better than planned.
Nazadnje meni, da se finančni najem ne sme upoštevati kot lasten prispevek, ker ni vključeval praktično nobenega tveganja za banke financiranja.
It had a positive impact not only on the long haul segment but on the entire flight network.
Poleg tega je tudi ta zainteresirana stran sprožila vprašanje odloženih letaliških pristojbin [40].
The aircraft is not expected to solve LOT's long-standing structural problems alone, but in combination with the other restructuring measures.
Komisijo je opozorila tudi na več drugih poslov družbe LOT, ki naj bi domnevno pomenili državno pomoč.
Traffic on the routes to be served by B787 aircraft (North America, North- and South-East Asia) is forecast to grow by 6.5 % to 10.6 % p.a. and therefore the aircraft will not be under-utilised.
Ti posli vključujejo:
In 2013 the revenue-related measures generated [> 100] % of the planned financial potential assumed in the restructuring plan.
prodajo nepremičnin, tj.: (i) prodajo poslovne stavbe družbe LOT skupaj z zemljiščem na ulici 17 Stycznia 43 (v nadaljnjem besedilu: sedež) družbi v državni lasti Powszechny Zakład Ubezpieczeń S.A./PB1 (v nadaljnjem besedilu: družba PZU, družba PZU/PB1) za znesek v višini […] milijonov PLN (približno […] milijonov EUR) leta 2011 in (ii) prodajo nepremičnine družbe LOT na ulici 17 Stycznia 39 družbi v državni lasti TF Silesia za znesek v višini […] milijonov PLN (približno […] milijonov EUR) leta 2012;
In August 2013 LOT successfully introduced paid catering and did not meet a negative customer response.
prodajo hčerinskih družb družbe LOT družbam v državni lasti, tj.: prodajo družbe LOT Services nad tržno ceno leta 2010, čeprav je bila družba insolventna, prodajo družbe LOT AMS, čeprav je bila „v zelo slabem finančnem položaju“, prodajo družbe Petrolot decembra 2012, prodajo družbe Eurolot septembra 2012, prodajo družbe LOT Cargo S.A. (v nadaljnjem besedilu: družba LOT Cargo) in družbe Casinos Poland v letih 2009–2010.
According to market research, passengers are not opposed to paid services.
Sindikat predvsem trdi, da bo pomoč za prestrukturiranje kršila načelo enkratnosti pomoči, ker je družba LOT že prejela državno pomoč v obliki številnih ukrepov, med katerimi so najpomembnejše odložene letališke pristojbine.
The increase of ancillary revenue is consistent with a current market trend whereby traditional airlines move towards a hybrid business model embracing some features of LCCs and therefore should not erode LOT's brand or discourage customers.
Sindikat je Komisijo opozoril tudi na več drugih poslov družbe LOT, ki naj bi domnevno pomenili državno pomoč.
The actual financial result for 2013 was much better than was assumed in the restructuring plan.
prodajo nepremičnin družbe LOT drugim družbam v državni lasti, tj.: prodajo sedeža družbe LOT, prodajo nepremičnine na ulici 17 Stycznia 39, prodajo naložbene nepremičnine skupaj z osnovnimi sredstvi tovornega terminala (v nadaljnjem besedilu: tovorni terminal) in prodajo naložbene nepremičnine skupaj z osnovnimi sredstvi gostinskih zmogljivosti (v nadaljnjem besedilu: gostinske zmogljivosti);
LOT has identified potential sources of further improvement.
prodajo hčerinskih družb družbe LOT po ceni, določeni nad tržno vrednostjo, drugim družbam v državni lasti, tj.: prodajo družb LOT Services, LOT Catering Sp. z o.o. (v nadaljnjem besedilu: družba LOT Catering), LOT AMS, Petrolot in Eurolot;
This indicates that the forecast profit from core activity in 2014 is achievable.
zagotovitev posojil družbi LOT s strani družb v državni lasti, katerih dejavnosti se v prvi vrsti ne nanašajo na posojilne dejavnosti, tj.: dve posojili, ki so ju zagotovile družbe iz skupine PZU decembra 2009 in februarja 2010 v skupnem znesku […] PLN (približno […] EUR); posojila, ki so jih zagotovile družbe TF Silesia, Operator Logistyczny Paliw Płynnych Sp. z o.o. (v nadaljnjem besedilu: družba OLPP) in Polski Koncern Naftowy ORLEN S.A. (v nadaljnjem besedilu: družba PKN Orlen) v skupnem znesku […] PLN (približno […] EUR);
Poland provided a sensitivity analysis which demonstrates that even with wider deviations of key parameters from the baseline than assumed in the restructuring plan, LOT maintains liquidity in the whole financial projection horizon 2014-2018.
zagotavljanje drugih storitev: družba PKN Orlen in njena hčerinska družba Petrolot sta družbo LOT domnevno oskrbovali z gorivom po nižjih cenah.
The fuel price, already assumed at a very conservative level (above LOT's 10-year historical maximum and 12.1 % higher than the market price at the time of notification) is unlikely to increase sharply.
Poleg tega je sindikat izrazil stališče, da z načrtom prestrukturiranja ne bo obnovljena dolgoročna sposobnost preživetja družbe LOT in da finančni najem ni znak prepričanja trga v ponovno doseganje rentabilnosti.
Concerning planned proceeds from the sub-lease of the aircraft, LOT has prepared an alternative fleet scenario providing for longer utilisation of some of the aircraft.
Podjetje PPL, lastnik letališča Chopin v Varšavi, je navedlo, da njegovega ravnanja ni mogoče pripisati državi, saj svoje odločitve sprejema samostojno.
Poland provided financial projections which demonstrate that, if this scenario is indeed implemented, LOT would still return to viability.
Sporazumi, sklenjeni z družbo LOT o odlogu plačila letaliških pristojbin, so bili v skladu s trgom in ekonomsko najbolj razumni.
Poland also indicated that in 2013 the Company achieved [> 100] % of the planned restructuring benefits (against 85 % assumed in the plan).
Podjetje PPL je izjavilo, da so bili podobni sporazumi, čeprav v manjšem obsegu, sklenjeni z drugimi letalskimi družbami in predlagani nizkocenovnim prevoznikom.
It emphasised that the methodology is in line with the industry standard.
Z morebitno insolventnostjo družbe LOT bi se zmanjšal promet v Varšavo in iz nje, kar bi negativno vplivalo na poljsko gospodarstvo.
Poland provided evidence demonstrating that Ex-Im Bank performed due diligence on LOT prior to agreeing to grant the guarantee and explained that in 2012 approximately 30 % of aircraft financing transactions worldwide were concluded with the participation of ECA.
Poslovno združenje delodajalcev Poljske se zanaša na to, da bo Komisija odobrila pomoč za prestrukturiranje.
Poland also informed the Commission that one of the bidders offered financing to LOT without the ECA guarantee.
Meni, da je družba LOT na poti k povrnitvi sposobnosti preživetja, kar potrjujejo izboljšani dejanski poslovni rezultati.
In addition, LOT's risk was evaluated by the US capital market where in 2013 the lease was successfully refinanced by private investors.
Po njegovem mnenju bi insolventnost družbe LOT negativno vplivala na povezljivost, kar bi prizadelo potnike, poslovne potnike in sektor turizma.
In addition, Poland pointed out that a finance lease is an acceptable form of own contribution according to the Commission's decisional practice and reiterated that it is a typical form of financing acquisition of aircraft.
PRIPOMBE POLJSKE NA PRIPOMBE ZAINTERESIRANIH STRANI
According to Poland the finance lease of a new aircraft, on terms similar as those provided to LOT, see recitals 77-80 above, (including the type of collateral used), is a standard form of financing in the airline industry and has been recently used by many other European airlines, e.g. Ryanair, KLM, Norwegian Air, Czech Airlines, Austrian Airlines and Alitalia.
Poljska se je odzvala na vse trditve zainteresiranih strani.
V. COMMENTS FROM INTERESTED PARTIES
Kar zadeva morebitno kršitev načela enkratnosti pomoči je Poljska:
The Commission received comments from seven interested parties: Ryanair, International Airlines Group (‘IAG’), two parties who wished not to disclose their identity, the trade union ‘NSZZ Solidarność 80’ of the PPL (‘the trade union’), the PPL itself and the business association ‘Employers of Poland’.
v zvezi z odloženimi letališkimi pristojbinami ponovila svoje trditve, da za to odločitev ni mogoče pripisati odgovornosti državi, in izpolnjevanjem merila zasebnega upnika;
Ryanair reiterated its allegation, originally expressed in the complaint, that LOT had already received State aid in the form of deferred airport charges granted by Polish State-owned airports.
v zvezi z drugimi posli družbe LOT, ki domnevno pomenijo državno pomoč, zagotovila podrobna pojasnila.
In addition, Ryanair expressed doubts on LOT's return to viability, arguing that past restructuring attempts failed, that benefits from the introduction of B787 aircraft are too optimistic and that LOT may not be able to reduce its employment costs due to possible pressure from trade unions.
Zlasti je poudarila, da je Komisija za nekatere od teh poslov že potrdila, da ne pomenijo državne pomoči, medtem ko drugih bodisi ni mogoče pripisati državi (npr. sredstva, ki so jih kupile zasebne družbe) bodisi so sicer v skladu z načelom vlagatelja v tržnem gospodarstvu.
According to IAG, LOT's long haul network should also be restructured.
V zadnjem primeru je Poljska v podporo svojim trditvam predložila dokaze (npr. neodvisna vrednotenja).
Specifically, IAG believes that there is no sufficient demand to support the capacity that LOT deploys on the US market.
Poljska je zlasti glede poslov v zvezi z nepremičninami pojasnila, da:
IAG cites the example of Malév who tried and failed to sustain direct services from Budapest to New York.
sta bila prodaja in povratni najem sedeža družbe LOT opravljena na podlagi pogodbe, podpisane 10. maja 2011 med družbo LOT in družbo PZU/PB1.
In reference to the finance lease of B787 aircraft, IAG observed that the assessments by Ex-Im Bank and the commercial bank lender must have been made either in advance of the current liquidity issues or in anticipation of State aid.
je družba, ki je v 100-odstotni posredni lasti družbe PZU.
The first party who wished not to disclose its identity submitted that LOT's restructuring plan is neither credible, nor achievable and will not restore LOT's long-term viability.
Država ima manjšinski delež v družbi PZU [41].
It pointed out that the forecast ROCE is over-optimistic and observed that LOT plans to add capacity at the time when the Polish market is suffering from overcapacity.
Prodajna cena je bila […] PLN (približno […] EUR).
It also considered that the deferred airport charges constitute State aid.
je bila prodaja nepremičnine na ulici 17 Stycznia 39 opravljena na podlagi pogodbe, podpisane 31. julija 2012 med družbo LOT in družbo TF Silesia.
It further observed that measuring profitability of the routes proposed as compensatory measures on a variable cost-only basis is inappropriate in the long-term.
Državna zakladnica je edini delničar družbe TF Silesia;
According to the interested party, in the long-term all routes should be measured on what LOT refers to as a Margin 2 basis.
je bila prodaja tovornega terminala izvedena na podlagi pogodbe, podpisane 25. novembra 2011 med družbo LOT in družbo LS Airport Services S.A. (v nadaljnjem besedilu: družba LS Airport Services).
It also expressed the view that finance lease of B787 aircraft should not be accepted as a source of own contributi on as it does not demonstrate the market's confidence in LOT's return to viability.
Državna zakladnica je edini delničar družbe LS Airport Services.
The second interested party who wished not to disclose its identity observed that thanks to State aid LOT has increased its capacity on the Polish charter market, which has allegedly deteriorated the interested party's competitive position and violated EU State aid rules.
je bila prodaja gostinskih zmogljivosti opravljena na podlagi pogodbe, podpisane 8. decembra 2011 med družbo LOT in družbo LOT Catering.
The party also expressed doubts as to LOT's return to viability, arguing, among other things, that the benefits of the B787 are overestimated and that the financial forecasts appear unrealistic.
Regionalni gospodarski sklad (v nadaljnjem besedilu: sklad RGS), ki je v 100-odstotni lasti državne zakladnice, je edini delničar družbe LOT Catering.
It also questioned the profitability of the routes proposed as compensatory measures.
Poljska je v zvezi s prodajo in povratnim najemom sedeža družbe LOT pojasnila, da je družba LOT prejela devet ponudb za nakup, med katerimi je bila ponudba družbe PZU/PB1 izbrana kot najugodnejša.
Finally, it believes that the finance lease should not be taken into account as own contribution, as it involved practically no risk for the financing banks.
Po mnenju Poljske sredstva družb, ki spadajo v skupino PZU, niso državna sredstva in odločitev teh družb ni mogoče pripisati državi, zato tukaj ne gre za državno pomoč.
In addition, this interested party also raised the issue of the deferred airport charges [40].
Poleg tega je Poljska pojasnila, da je bila vrednost nepremičnin predmet neodvisnega predhodnega vrednotenja [42].
It also brought to the attention of the Commission several other transactions of LOT which allegedly constituted State aid.
Poljska je nadalje pojasnila, da postopek javnega razpisa v primeru prodaje nepremičnine na ulici 17 Stycznia 39, tovornega terminala in gostinskih zmogljivosti ni uspel, ker ni bila oddana nobena ponudba.
Those transactions include:
Vendar je bila v vsakem primeru vrednost nepremičnine predmet neodvisnega predhodnega vrednotenja [43].
the sale of real estate, i.e.: (i) the sale in 2011 of the LOT office building together with land at 17 Stycznia Street 43 (‘Headquarters’) to the State-owned company Powszechny Zakład Ubezpieczeń S.A./PB1 (‘PZU’, ‘PZU/PB1’) for an amount of PLN […] million (approx.
V zvezi s posojilnimi pogodbami je Poljska pojasnila, da:
EUR […] million) and (ii) the sale in 2012 of LOT's real estate at 17 Stycznia Street 39 to the State-owned TF Silesia for an amount of PLN […] million (approx.
Po mnenju Poljske sredstva družb, ki spadajo v skupino PZU in družbo PKN Orlen, niso državna sredstva in njihovih odločitev ni mogoče pripisati državi, ker ima država v teh družbah manjšinski delež, zato tukaj ne gre za državno pomoč.
EUR […] million);
Če bi se sredstva za posojili, ki sta ju zagotovili družbi v državni lasti (tj. TF Silesia, OLPP), štela za državna sredstva in bi bilo mogoče njune odločitve pripisati državi, potem sta bili po mnenju Poljske obe posojili zagotovljeni pod tržnimi pogoji: dano zavarovanje je bilo zelo dobro [45] in uporabljene obrestne mere so bile podobne tistim, ki jih uporabljajo zasebni upniki [46].
the sale of LOT subsidiaries to State-owned companies; i.e.: the sale in 2010 of LOT Services above the market price even if the company was insolvent, the sale of LOT AMS even if it was ‘in a very bad financial situation’, the sale in December 2012 of Petrolot, the sale in September 2012 of Eurolot, the sale in the years 2009-2010 of LOT Cargo S.A.
V zvezi s prodajo hčerinskih družb družbe LOT je Poljska pojasnila, da:
(‘LOT Cargo’) and of Casinos Poland.
je bilo 33,3 % delnic, ki jih je družba LOT imela v družbi Casinos Poland, prodanih družbi Vicco Investment Sp. z o.o [48].