natgillin/translations-raw huggingface dataset:
Point 12 of the R&R Guidelines states that a newly created firm is not eligible for rescue or restructuring aid even if its initial financial position is unsecure.
Leta 2013 se je izguba pred obrestmi in davki zmanjšala na 7,7 milijona LVL (10,9 milijona EUR), kar je prav tako pod načrtovano izgubo.
A firm is in principle considered as newly created for the first three years following the start of operations in the relevant field of activity. airBaltic was established in 1995 and cannot be regarded as a newly created firm.
Načrt za prestrukturiranje vključuje revidirane finančne napovedi na podlagi realističnega, pesimističnega in optimističnega scenarija, ki temeljijo na zanesljivih predpostavkah.
The Commission therefore concludes that airBaltic is eligible for restructuring aid.
V zvezi s scenariji je bila opravljena tudi analiza občutljivosti, da bi se ocenila tveganja in njihovi možni učinki do leta 2016, zlasti glede valutnih tveganj (povečanje/zmanjšanje vrednosti USD glede na LVL in EUR) ter sprememb stopnje zasedenosti, tržnih cen goriva, donosa in števila potnikov.
The validity of the restructuring plan
Poleg tega Komisija meni, da načrt za prestrukturiranje, ki ga je predložila Latvija, ustrezno količinsko opredeljuje učinke različnih ukrepov za prestrukturiranje, da so predpostavke ustrezne in primerne za sektor zračnega potniškega prevoza in da so predvidene ravni sposobnosti preživetja ustrezne v vseh scenarijih v celotnem obdobju prestrukturiranja.
The Commission notes that the restructuring of airBaltic started in April 2011, when the company's management prepared a first restructuring plan.
Analiza občutljivosti je ustrezna in kaže, da bodo učinki upoštevanih dejavnikov na poslovni izid pred obrestmi in davki omejeni.
This plan mainly focused on fleet optimisation and the need to replace the company's aircraft by more efficient planes, which is also a cornerstone of the later ReShape plan.
Ob upoštevanju sprejetih pomembnih ukrepov za prestrukturiranje in dosedanjega napredka Komisija zato meni, da bo načrt za prestrukturiranje družbi airBaltic omogočil, da obnovi svojo dolgoročno sposobnost preživetja v razumnem časovnem okviru.
At the same time, the Vilnius hub was closed.
Poleg tega dokazi, ki jih je predložila Latvija, kažejo, da je družba airBaltic trenutno na dobri poti, da doseže večino ciljev iz načrta za prestrukturiranje, kar je dodaten pokazatelj zanesljivosti načrta.
Several weeks later, upon review by […], the management of airBaltic included in the plan a headcount reduction of [8 — 12] %.
Izogibanje neupravičenemu izkrivljanju konkurence (izravnalni ukrepi)
The 2011 plan was updated in the form of the reShape plan, referred to above and formally adopted during the first quarter of 2012.
V skladu s točko 38 smernic za reševanje in prestrukturiranje je treba sprejeti izravnalne ukrepe za zagotovitev, da se škodljivi učinki na pogoje poslovanja zmanjšajo na sprejemljivo raven.
As noted in recital 164 above, the Latvian authorities submitted a restructuring plan to the Commission in December 2013, updating the reShape plan.
Ti ukrepi lahko vsebujejo prenos sredstev, zmanjševanje zmogljivosti ali prisotnosti na trgu in zmanjševanje vstopnih ovir na zadevnih trgih (točka 39).
The Commission notes that the April 2011 restructuring plan set out the main needs of airBaltic.
V zvezi s tem se opustitev deficitnih dejavnosti, ki bi jo bilo treba v vsakem primeru izvesti zato, da se obnovi sposobnost podjetja za preživetje, ne šteje za zmanjševanje zmogljivosti ali prisotnosti na trgu za namen ocene izravnalnih ukrepov (točka 40).
Although it was not fully developed, that plan constituted a first basis for determining the restructuring needs of airBaltic and ensuring that it would return to viability.
Latvija kot izravnalne ukrepe za družbo airBaltic predlaga ukinitev donosnih prog, s čimer bi se zmanjšala zmogljivost, in predajo parov slotov na koordiniranih letališčih.
In its past practice, the Commission has accepted that restructuring plans are defined over time and considered the initial plans as the starting point of the restructuring period.
Praksa Komisije je, da proge šteje za donosne, če so imele v letu pred njihovo predajo pozitivno stopnjo kritja C1 [42].
For instance, in the Varvaressos decision [37] the Commission considered that the measures granted to this firm between 2006 and 2009 were to be assessed as part of a restructuring continuum on the basis of a restructuring plan dated 2009 (covering the period 2006-2011).
Stopnja kritja C1 upošteva stroške leta, potnikov in distribucije (tj. spremenljive stroške), ki jih je mogoče pripisati posamezni progi.
Similar to the airBaltic case, the 2009 restructuring plan of Varvaressos was the evolution of a ‘strategic and business plan’ dating from 2006.
Stopnja kritja C1 je ustrezen podatek, saj upošteva vse stroške, ki so neposredno povezani z zadevno progo.
Restoration of long-term viability
Proge s pozitivno stopnjo kritja C1 krijejo spremenljive stroške proge in poleg tega prispevajo k stalnim stroškom družbe.
According to point 34 of the R&R Guidelines, the grant of restructuring aid must be conditional on implementation of a restructuring plan which must be endorsed by the Commission in all cases of individual aid.
V zvezi z zmogljivostjo načrt za prestrukturiranje zato navaja, da je bila skupna zmogljivost družbe airBaltic aprila 2011 [5–5,5] milijarde ponujenih sedežev oziroma kilometrov, in predvideva, da se bo do konca obdobja prestrukturiranja aprila 2016 zmanjšala na [4–4,5] milijarde ponujenih sedežev oziroma kilometrov, kar pomeni [17–20]-odstotno zmanjšanje.
Point 35 explains that the restructuring plan, the duration of which must be as short as possible, must restore the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions as to future operating conditions.
Komisija v zvezi s tem ugotavlja, da se bo flota predvsem v okviru obnovitve dolgoročne sposobnosti preživetja zmanjšala s 34 zrakoplovov aprila 2011 na 25 zrakoplovov do konca leta 2014 in bo ostala na navedeni ravni do konca obdobja prestrukturiranja aprila 2016 (glej uvodno izjavo 181).
Pursuant to point 36, the plan must describe the circumstances that led to the company's difficulties and take account of the present state and future market prospects with best-case, worst-case and base-case scenarios.
Če se upoštevajo samo donosne proge, se je zmogljivost zmanjšala za [7–10] %.
The plan must provide for a turnaround that will enable the company, after completing its restructuring, to cover all its costs including depreciation and financial charges.
Poleg tega Komisija ugotavlja, da je družba airBaltic ukinila več prog, na katerih je opravljala lete s popolnoma koordiniranih [43] letališč […].
The Commission observes that the restructuring plan describes the circumstances that led to airBaltic's difficulties, which were mainly caused by the global economic crisis of 2008-2009, which had a significant impact in the Baltic region, affecting also the airline sector.
Pri presojanju ustreznosti izravnalnih 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).
In particular, as regards the commercial strategy of airBaltic, the restructuring plan highlights that in the past it had focused solely on expansion and not on profitability, thereby exposing the company to unsustainably high expenditure.
Stopnjo zmanjševanja je treba ugotoviti za vsak primer posebej (točka 40 smernic za reševanje in prestrukturiranje).
The costs were moreover very much increased by reason of the fleet, which included four different types of aircraft, as well as the high costs of aircraft leasing.
Komisija ugotavlja, da je družba airBaltic zelo majhen subjekt na evropskem letalskem trgu, saj pomeni 0,5 % rezultatov celotne evropske letalske industrije.
The restructuring plan covers a 5-year restructuring period starting in April 2011 and assumes a return of airBaltic to long-term viability by April 2016 at the latest, although according to the base-case scenario, airBaltic is expected to return to profitability in 2014.
Pri razmeroma majhnem letalskem prevozniku, kot je airBaltic, bi lahko dodatno zmanjšanje flote in zmogljivosti ogrozilo njegovo obnovitev dolgoročne sposobnosti preživetja in ne bi zagotovilo nobenih pomembnih tržnih priložnosti za konkurente.
The duration of the restructuring is thus of a maximum of 5 years, in line with previous case practice in the passenger air transport sector [38].
Poleg tega se bo tržni delež družbe airBaltic, čeprav je največji letalski prevoznik v Latviji, zmanjšal s [65–70] % leta 2011 na [55–60] % leta 2016.
Indeed, the Commission has consistently been of the view that, in the current economic circumstances, it is important to avoid a mere short-term turnaround and instead create a solid base for future growth.
Poleg tega Komisija ugotavlja, da je Latvija območje, ki prejema regionalno pomoč za naložbe v skladu s členom 107(3)(a) PDEU [44].
In that context, the necessary stabilisation of operational and services performance will take several years.
V skladu s točko 56 smernic za reševanje in prestrukturiranje „so lahko pogoji za odobritev pomoči [na območjih, ki prejemajo podporo,] manj strogi glede izvajanja izravnalnih ukrepov in višine prispevka upravičenca.
The restructuring plan emphasises the change in the commercial strategy of airBaltic, which aims at becoming a hybrid airline, targeting higher yield customers through most of the services traditionally offered by network carriers while seeking cost efficiencies typically developed by low-cost carriers.
V primerih, ko se zmanjševanje zmogljivosti ali prisotnosti na trgu zdi najprimernejši ukrep za preprečevanje neupravičenih izkrivljanj konkurence, je, če to opravičujejo potrebe regionalnega razvoja, zahtevano zmanjšanje v območjih, ki prejemajo podporo, manjše kot v ostalih območjih“.
This strategy has already been implemented to a very significant extent by the new management of the company since October 2011.
Komisija je pri presoji primernosti predlaganih izravnalnih ukrepov upoštevala tudi posebnosti obravnavanega primera, vključno z obrobno geografsko lego Latvije in njenim dostopom do preostalega dela Evropske unije.
In addition, the restructuring plan envisages three main types of restructuring measures: (i) optimisation of revenues and costs for existing operations; (ii) network reconfiguration, resulting in adjustment of destinations, frequencies and timing in order to optimise RASK and CASK [39] at route level; and (iii) network and fleet optimisation, with the objective to review and define the optimal network and fleet size.
V zvezi s tem Komisija ugotavlja, da se na zelo velikem delu latvijskega železniškega sistema uporablja ruska tirna širina, ki je širša od standardne širine, ki se uporablja v večini držav EU, kar povzroča težave z medobratovalnostjo s sistemi sosednjih držav EU.
In total, 13 initiatives addressing revenues and 13 initiatives addressing costs were developed, while two additional initiatives were developed in the area of network reconfiguration and fleet renewal.
Zdi se, da pomorski prevoz prav tako nudi omejeno stopnjo zamenljivosti z zračnim prevozom, zlasti potniškim.
Concerning fleet optimisation, the Commission observes that the diverse and ageing fleet of airBaltic is less fuel efficient and more maintenance intensive than that of competitors, which translates into increasing costs.
Nazadnje, Komisija ugotavlja, da sta najbližji mednarodni letališči, dostopni s kopenskim prometom, letališči v Vilni in Talinu, ki sta od Rige oddaljeni približno 300 km, zato nista priročni nadomestni vozlišči, zlasti ne za poslovne potnike.
During 2012 and 2013, airBaltic decided to operate only part of its available aircraft in order to decrease costs.
Zato Komisija meni, da so izravnalni ukrepi, ki jih je sprejela družba airBaltic, tj. [7–10]-odstotno zmanjšanje zmogljivosti in predaja slotov na koordiniranih letališčih, sprejemljivi glede na okoliščine v obravnavanem primeru.
In 2013, in order to partly compensate the loss in capacity resulting from the removal of the Fokker and Boeing 757 fleets, airBaltic added two Q400 Bombardier planes to its fleet.
V skladu s smernicami za reševanje in prestrukturiranje izravnalni ukrepi, ki jih je predlagala Latvija, torej zadostujejo za zagotovitev, da se škodljivi učinki dodelitve pomoči za prestrukturiranje družbi airBaltic na pogoje poslovanja zmanjšajo na sprejemljivo raven.
Moreover, with a view to replacing the fleet, the current leasing contracts have been renegotiated at more favourable terms until the new Bombardier CS300 becomes available in […] or […].
Pomoč, omejena na najmanjšo potrebno (lastni prispevek)
By the end of 2014, airBaltic will operate 25 aircraft and it will continue at this level until the end of the restructuring period in 2016.
V skladu s točko 43 smernic za reševanje in prestrukturiranje je potreben pomemben prispevek iz lastnih sredstev upravičenca za kritje stroškov prestrukturiranja, da se znesek pomoči omeji na najnižjo vsoto.
In overall terms, there will be a 27 % reduction of the aircraft fleet during the restructuring period.
To lahko vključuje prodajo sredstev, ki niso nujna za preživetje podjetja, ali zunanje financiranje pod tržnimi pogoji.
As regards the network reconfiguration, the Commission observes that in 2013 the new network delivered an extra LVL [16 — 21] million (EUR [22,7 — 29,8] million) at C1 level [40] compared to the previous year, inter alia, due to the cancellation of unprofitable routes (e.g. […]) and reduction in frequencies ([…] on […], […] and […]).
Tak prispevek mora biti realen, tj. dejanski, izključevati mora vse prihodnje dobičke, kot je denarni tok (točka 43 smernic za reševanje in prestrukturiranje).
The revenue initiatives include the introduction of new fare structures or the optimisation of the baggage fee structure.
Lastni prispevek sam po sebi ne sme vključevati nobene prihodnje državne pomoči.
In addition, online check-in will be promoted, while the cabin crew and the sales force will operate on flexible remuneration.
Komisija običajno šteje, da je za velika podjetja ustrezen prispevek v višini vsaj 50 % stroškov, potrebnih za prestrukturiranje.
As regards the costs initiatives, they include the renegotiation of fuel prices with current suppliers and of the contracts for engine checks and overhauls, leasing optimisation, and reduction of hangar costs and costs relating to crew hotel stays.
Vendar lahko Komisija v izjemnih okoliščinah in v primerih posebnih težav sprejme nižji prispevek (točka 44 smernic za reševanje in prestrukturiranje).
Also the current agreements with ground-handling providers will be renegotiated.
V načrtu za prestrukturiranje so stroški prestrukturiranja ocenjeni na [150–170] milijonov LVL ([214–242] milijonov EUR) na podlagi sredstev, potrebnih za odplačilo posojil tretjih strani ([5–15] milijonov LVL ([7,1–21,3] milijona EUR)), nadomestilo za izgube zaradi postopnega umika in odstranitve nekaterih zrakoplovov ([15–25] milijonov LVL ([21,3–35,5] milijona EUR)), rezervacije za slabe dolgove, ki jih družba ne bo mogla izterjati ([5–10] milijonov LVL ([7,1–15,3] milijona EUR)), odpravnine ([1–4] milijone LVL ([1,4–5,6] milijona EUR)), nakup novih zrakoplovov, zlasti […] letal Bombardier Q400NG in […] letal Boeing 737-500 (za skupno [50–60] milijonov LVL ([71,1–85,3] milijona EUR)), odkup blagovnih znamk od družbe BAS ([5–15] milijonov LVL ([7,1–21,3] milijona EUR)), nepredvidene zunajbilančne obveznosti, ki izhajajo iz terjatve […] ([5–15] milijonov LVL ([7,1–21,3] milijona EUR)), in rezervo v višini [45–55] milijonov LVL ([64–78,2] milijona EUR) za kritje pričakovanih izgub, dokler družba airBaltic ne postane spet donosna.
Most of the restructuring measures described in the preceding paragraphs have already been implemented.
Glede na skupne stroške prestrukturiranja v višini [150–170] milijonov LVL ([214–242] milijonov EUR) lastni prispevek družbe airBaltic, predlagan v načrtu za prestrukturiranje, znaša [100–110] milijonov LVL ([141–155] milijonov EUR), tj. [60–70] % skupnih stroškov prestrukturiranja.
As a result of the revenue optimisation initiatives and the initiatives to reduce costs, as well as the fleet renewal and the network reconfiguration, airBaltic finished 2012 with a negative EBIT of LVL 30 million (EUR 42,47 million) as opposed to a budgeted negative EBIT of LVL 38 million (EUR 53,8 million).
Razčlenitev lastnega prispevka je naslednja:
In 2013, the negative EBIT was reduced to LVL 7,7 million (EUR 10,9 million), also above target.
Zasebni finančni vložki v višini [20–30] milijonov LVL ([28,4–42,6] milijona EUR) družbe BAS in zasebnih vlagateljev THC in […] v obdobju od aprila do septembra 2011.
It is expected that the company will break-even in 2014 and will remain profitable thereafter, with EBIT reaching LVL [1 — 3] million (EUR [1,4 — 4,2] million) in 2014 and LVL [9 — 12] million (EUR [12,8 — 17] million) in 2016.
Zakupne pogodbe za nove zrakoplove v vrednosti [45–55] milijonov LVL ([64–78] milijonov EUR).
The return on equity (ROE) is expected to reach [3 — 6] % by 2014 and [18 — 21] % by 2016.
Odpis dela dolga v višini […] milijonov LVL ([…] milijonov EUR), ki je rezultat prestrukturiranja dolga družbe airBaltic, dogovorjenega z bankama Latvijas Krājbanka in Snoras marca 2014.
The restructuring plan includes revised financial forecasts on the basis of realistic, pessimistic and optimistic scenarios based on reliable assumptions.
Enaka ugotovitev velja za sredstva v višini [6–8] milijonov LVL ([8,5–12,3] milijona EUR), ki jih je septembra 2011 zagotovila družba Transatlantic Holdings v zameno za […] neplačanih delnic družbe airBaltic.
For instance, the realistic scenario assumes a market growth of [6 — 8] %, while it limits the growth of airBaltic to [1 — 3] % in 2014 and to [2 — 4] % in 2015 and 2016, with an inflation rate of [1 — 3] % per year and increasing fuel costs, passing from [950 — 1000] USD/t in 2014 to [1000 — 1050] USD/t in 2016.
V zvezi s točko (ii) Komisija meni, da posojilo v višini 14 milijonov LVL (19,82 milijona EUR), ki ga je odobrila družba BAS, tj. posojilo družbe BAS, pomeni zunanje financiranje pod tržnimi pogoji, ki se lahko sprejme kot lastni prispevek zasebnega vlagatelja, ki je bil takrat delničar družbe.
The load factor ranges from [69 — 71] % in 2014 to [71 — 75] % in 2016.
Glede zakupnih pogodb za nove zrakoplove v vrednosti [45–55] milijonov LVL ([64–78] milijonov EUR) (točka (iii) zgoraj) je v načrtu za prestrukturiranje pojasnjeno, da je družba airBaltic v okviru svojega programa zmanjšanja flote in optimizacije marca 2013 sklenila nove pogodbe o zakupu zrakoplovov z zasebnimi strankami.
In this scenario, the implementation of the initiatives will allow airBaltic to break even in 2014 (with EBIT of LVL [1 — 3] million (EUR [1,4 — 4,2] million)), while the company will remain profitable thereafter, with EBIT of LVL [6 — 9] million (EUR [8,5 — 12,8] million) in 2015 and of LVL [9 — 12] million in 2016 (EUR [12,8 — 17] million).
Pogodbe se nanašajo na čisti zakup […] zrakoplovov Bombardier Dash 8 Q400NG za 10-letno obdobje za skupni znesek približno […] milijonov USD ([…] milijonov EUR), tj. za mesečno najemnino v višini približno […] USD ([…] EUR).
In all scenarios, airBaltic's EBIT would be positive by 2016, ranging from LV [10 — 15] million (EUR [14,2 — 21,3] million) in the optimistic scenario to LVL [5 — 10] million (EUR [7,1 -14,2] million) in the pessimistic one.
Glede na načrt za prestrukturiranje je […] odobril zakup pod tržnimi pogoji.
The scenarios are also subject to a sensitivity analysis in order to assess the risks and their possible impact by 2016, in particular considering currency risks (appreciation/depreciation of USD against LVL and EUR) and changes to the load factors, fuel market price, yield and number of passengers.
Mesečna najemnina je namenjena pokritju amortizacije kupnine, od katere se bo na koncu 10-letnega obdobja odštela preostala vrednost zadevnega zrakoplova (in prištela določen odbitek za pokritje stroškov financiranja in operativnih stroškov ter profitna marža), s čimer bo skupni znesek dejansko enak nakupni ceni novega letala.
The Commission has assessed the restructuring plan and is of the view that it should enable airBaltic to achieve the expected return to long-term viability by April 2016 at the latest.
Komisija ugotavlja, da so zakupne pogodbe kot take standardna oblika financiranja v letalski industriji in se lahko enačijo s posojili, odobrenimi družbi v prestrukturiranju.
The restructuring plan includes a detailed assessment of the circumstances leading to the difficulties of airBaltic, which are duly addressed as a result of the restructuring measures in the form of revenue and costs initiatives as well as initiatives in the area of network reconfiguration and fleet renewal.
Dejstvo, da je velik del posojila zavarovan, ne izključuje možnosti, da se posojilo obravnava kot „lastni prispevek“.
In addition, the Commission considers that the restructuring plan submitted by Latvia duly quantifies the impact of the different restructuring measures, that the assumptions are adequate and appropriate to the context of the passenger air transport sector, and that viability is foreseen at adequate levels under all scenarios during the entire restructuring period.
Poleg tega je Latvija potrdila, da so zakupne pogodbe zavarovane s standardnim zavarovanjem (tj. možnost za zaseg letala v primeru neizpolnjevanja obveznosti in denarna varščina).
The sensitivity analysis is adequate and shows that the impact on EBIT of the factors taken into consideration would be limited.
Zakupodajalec je torej sprejel določeno stopnjo tveganja upnika, saj bi v primeru neizpolnjevanja obveznosti družbe airBaltic utrpel velike izgube, tj. takojšnjo izgubo prihodkov od najemnine, ki bi se nadaljevala do sklenitve nove pogodbe o zakupu zrakoplova z drugo stranko, in stroške ponovne konfiguracije zrakoplova za naslednjega prevoznika [45].
Therefore, in view of the significant restructuring measures undertaken and the progress made to date, the Commission considers that the restructuring plan will enable airBaltic to restore its long-term viability within a reasonable timescale.
Na podlagi navedenega Komisija ugotavlja, da zakupne pogodbe kažejo, da je bila družba airBaltic sposobna pridobiti zunanje financiranje pod tržnimi pogoji.
In addition, the evidence provided by Latvia shows that airBaltic is currently on track to meet most of the objectives fixed in the restructuring plan, which is an additional indicator of the reliability of the plan.
Zato se lahko zakupne pogodbe štejejo za dokaz, da trg verjame v dolgoročno sposobnost preživetja družbe airBaltic, saj so pogodbe zavarovane samo s standardno vrsto zavarovanja in je na strani zakupodajalca še vedno določena stopnja tveganja.
Avoidance of undue distortions of competition (compensatory measures)
To je v skladu s točko 43 smernic za reševanje in prestrukturiranje, v kateri je navedeno, da bi moral lastni prispevek izvirati iz zunanjega financiranja pri tržnih pogojih in da tak prispevek kaže, da trg verjame, da lahko podjetje znova postane sposobno preživeti.
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 reduced to an acceptable level.
Zato Komisija zakupne pogodbe v vrednosti [45–55] milijonov LVL ([64–78] milijonov EUR) šteje za del lastnega prispevka.
These measures may comprise divestment of assets, reductions in capacity or market presence or reduction of entry barriers on the markets concerned (point (39).
Poleg tega je to v skladu s preteklo prakso Komisije, na primer v zadevi Czech Airlines [46].
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).
Vendar ima Komisija pomisleke glede nekaterih vrst lastnih prispevkov, predlaganih v načrtu za prestrukturiranje, kot je pojasnjeno v nadaljevanju.