natgillin/translations-raw huggingface dataset:
On that basis, the Commission doubted whether the notified restructuring measure complied with the 2004 R&R Guidelines and would be compatible with the internal market.
Estonija trdi tudi, da nizkocenovni prevozniki v Estoniji ne dosegajo uspešnih rezultatov zaradi majhnega trga in ne zaradi prisotnosti podjetja Estonian Air, in izključuje konkurenco med podjetjema Ryanair in Estonian Air, saj se osredotočata na različne segmente potrošnikov.
As regards the complaint received on 23 May 2013 regarding a sale-and-lease-back agreement between Estonian Air and Tallinn Airport (see recital 10 above), the Commission concluded that it did not entail an undue advantage to Estonian Air and thus excluded the presence of State aid.
Estonija ni predložila pripomb o nekaterih pripombah zainteresirane strani, ki želi, da se njena identiteta ne razkrije, saj je trdila, da bi predložila nov načrt prestrukturiranja, zato navedene pripombe niso več pomembne.
COMMENTS ON THE OPENING DECISIONS
Kljub temu je Estonija navedla, da na progah iz Estonije in v Estonijo ni presežne zmogljivosti in da ni tveganja, da bi se spodkopal notranji trg s preusmeritvijo nepravičnega deleža strukturnih prilagoditev na druge države članice.
Comments from Estonia
V zvezi s primerjavo s študijo primera za povezljivost Madžarske Estonija trdi, da je Estonija majhen in izoliran trg in da bi propad podjetja Estonian Air pomenil izgubo na področju količine in kakovosti letalskih povezav ter da je njen primer bolj podoben primeru Litve po stečaju nacionalnega letalskega prevoznika FlyLAL, katere kazalnik mobilnosti [32] se je po navedbah Estonije zmanjšal za 26 %, pri Madžarski pa se je zmanjšal za 4 %.
Estonia provided comments on the Commission’s rescue aid opening decisions by letters of 9 April and 17 May 2013.
V zvezi s pripombami podjetja Ryanair Estonija ponovno navaja, da državna pomoč, dodeljena podjetju Estonian Air, ne bi vplivala na položaj letalskega prevoznika Ryanair.
As regards measure 1, Estonia is of the view that the investment was completed on the basis of a credible business plan and a positive valuation of the airline.
Poleg tega Estonija meni, da trditev podjetja Ryanair, da bi bilo treba podjetje Estonian Air likvidirati, ni podprta s podatki.
Estonia indicates that SAS’s contribution (which partly took the form of a loan-to-equity conversion) is to be seen in a broader context in which SAS had provided loans to Estonian Air of USD […] million in 2008 and of EUR […] million in 2009.
Estonija ponovno navaja, da načelo enkratnosti pomoči pri ukrepih od 1 do 3 ni bilo kršeno.
As regards the State’s participation, Estonia explains that it based its decision on a valuation report produced by the Ministry of Economic Affairs and Communications according to which the value of the airline post-investment would exceed its pre-investment value.
OCENA UKREPOV IN NAČRT PRESTRUKTURIRANJA
In addition, Estonia highlights that each shareholder carried out its own analysis of the operation and that they all decided to inject capital in proportion to their shareholdings, which would render measure 1 pari passu.
V skladu s členom 107(1) Pogodbe je vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva z notranjim trgom, kolikor prizadene trgovino med državami članicami.
Estonia first notes in relation to measure 2 that the absence of a tender is in no way conclusive that State aid is present and that in any event the sale was based on a transaction value that reflected the true market price of the ground handling business of Estonian Air, which was moreover profit-making.
Pojem državne pomoči tako zajema vsako neposredno ali posredno dodeljeno prednost, ki se financira iz državnih sredstev in jo dodeli država sama ali kateri koli posredniški organ, ki deluje na podlagi svojih pooblastil.
According to Estonia, measure 2 consisted of the sale of the ground handling assets of the airline without employees or liabilities and the book value of the assets represented a floor price.
Da je ukrep državna pomoč, mora izhajati iz državnih virov in se pripisati državi.
In addition, Estonia is of the opinion that the transaction was comparable to similar ones.
Državni viri so načeloma viri države članice in njenih javnih organov ter viri javnih podjetij, na katere lahko imajo javni organi neposreden ali posreden prevladujoč vpliv.
Estonia moreover emphasises that Tallinn Airport is an independent entity with no State interference and that all members of the management and supervisory boards are independent business people and not representatives or appointees of the State.
Da bi ugotovila, ali so različni ukrepi, ki se ocenjujejo, pomenili gospodarsko prednost za podjetje Estonian Air in ali zato vključujejo državno pomoč, bo Komisija ocenila, ali je letalski prevoznik prejel gospodarsko prednost, ki je ne bi prejel pod običajnimi tržnimi pogoji.
Moreover, Estonia provides clarifications as regards the exact structure of measure 3, which it also considers aid-free.
Komisija pri svoji oceni uporablja preskus načela vlagatelja pod tržnimi pogoji.
Estonia also claims that the participation of SAS amounts to EUR […] million, namely the EUR 2 million injected in cash plus the acquisition of Cresco’s stake for EUR […] million.
V skladu s preskusom načela vlagatelja pod tržnimi pogoji ne gre za državno pomoč, če bi bil v podobnih okoliščinah zasebni vlagatelj, ki je po velikosti primerljiv z zadevnimi organi v javnem sektorju in deluje pod običajnimi tržnimi pogoji v tržnem gospodarstvu, upravičencu pripravljen zagotoviti zadevne ukrepe.
As regards the 2010 business plan, Estonia is of the opinion that that plan was based on sustainable growth and was based on positive expectations for the recovery and growth of the Estonian economy and of the international Air Transport Association’s (IATA) expectations at the time for international traffic growth.
Zato mora Komisija oceniti, ali bi zasebni vlagatelj pod enakimi pogoji sodeloval pri poslih, ki se ocenjujejo.
According to Estonia, the 2010 business plan included all the drivers necessary for a prudent and credible investment decision.
Hipotetični zasebni vlagatelj deluje kot preudarni vlagatelj, ki želi svoje dobičke povečati, ne da bi pri tem prevzel prevelika tveganja za svoj dobiček.
As regards the fact that the State took into account macroeconomic considerations, Estonia argues that these considerations were not the sole drivers of the State’s investment decision.
Načeloma prispevek iz javnih sredstev ne vključuje državne pomoči, če je pari passu, tj. če se izvede hkrati z znatnim kapitalskim vložkom zasebnega vlagatelja v primerljivih okoliščinah in pod primerljivimi pogoji.
Estonia also provides a valuation of the airline by a senior economics analyst of the Ministry of Economic Affairs and Communications indicating the total value of equity of Estonian Air after the additional investment (on the basis of discounted forecasted cash flows) as EUR [0-10] million.
Zadevni ukrep mora izkrivljati ali bi lahko izkrivljal konkurenco in lahko prizadene trgovino med državami članicami.
As regards the State’s decision to invest EUR 30 million in 2011/2012 (measure 4), Estonia first observes that in 2011 the Eastern European market was relatively stable in its growth prospects and that in the summer of 2011 the European aviation market was not yet in turmoil.
Če nekateri ukrepi, ki se ocenjujejo, vsebujejo državno pomoč v smislu člena 107(1) Pogodbe, je treba njihovo združljivost oceniti ob upoštevanju izjem iz odstavkov 2 in 3 navedenega člena.
Estonia moreover argues that SAS did not participate to measure 4 because it was facing severe financial difficulties at the time.
Obstoj državne pomoči
As regards […] loan, which was supposed to be granted to the airline but which was not in the end, Estonia considers that it has to be seen separately from its equity investment.
Ukrep 1
Estonia also highlights that the 2011 business plan was robust and credible, and that it included an expansionary strategy based on a solid and elaborate economic analysis of the aviation market of the region and the envisaged economic development of the surrounding countries.
Komisija bo najprej ocenila prisotnost pomoči pri kapitalski injekciji v višini 2,48 milijona EUR leta 2009 (ukrep 1).
Estonia also claims that in 2011 the airline’s equity was valuable both pre and post the capital injection.
Kot je pojasnjeno v uvodni izjavi 105, se šteje, da prispevek iz javnih sredstev ne vsebuje neupravičene prednosti in ni pomoč, če se izvede pod pogoji pari passu.
Although Estonia acknowledges that the 2011 business plan was not viable and was abandoned in mid-2012, it claims that at the time of deciding whether to carry out measure 4 the State believed that the airline would be able to restore its viability.
V zvezi s tem Komisija ugotavlja, da so ukrep 1 izvedli takratni delničarji podjetja Estonian Air sorazmerno s svojimi deleži, in sicer s 34-odstotnim deležem Estonije (2,48 milijona EUR), 49-odstotnim deležem skupine SAS (3,57 milijona EUR) in 17-odstotnim deležem banke Cresco (1,23 milijona EUR).
In relation to the rescue loan facility (measure 5), Estonia is of the view that all the conditions of rescue aid of the 2004 R&R Guidelines were met.
Estonija je potrdila, da sta država in banka Cresco vložili zgolj denarna sredstva, skupina SAS pa je zagotovila 1,21 milijona EUR denarnih sredstev in 2,36 milijona EUR v obliki pretvorbe posojila v lastniški delež.
Estonia however considers that Estonian Air could be considered to be in difficulty only as of June/July 2012.
Poleg tega je Estonija pojasnila, da je skupina SAS podjetju Estonian Air zagotovila posojili v višini […] milijonov USD leta 2008 in […] milijonov EUR leta 2009 (glej uvodno izjavo 84).
Since it concludes that measures 1 to 4 did not entail State aid, the ‘one time, last time’ principle of the 2004 R&R Guidelines is not breached.
V sklepih o začetku postopka v zvezi s pomočjo za reševanje je Komisija navedla, da je različna narava prispevkov (naložba v obliki novih denarnih sredstev in pretvorba dolga skupine SAS) zadosten razlog za pomisleke o tem, ali je bil ukrep 1 izveden pod pogoji pari passu.
Estonia nonetheless adds that if the Commission were to find a breach of the ‘one time, last time’ principle, it should take into account that Estonian Air serves only 0,17 % of the intra-European traffic and that there are no adverse spill-over effects on other Member States or any undue distortions of competition as a result of the aid.
Vendar so informacije Estonije odpravile pomisleke Komisije, saj je bil kapitalski vložek izveden pod jasnimi pogoji pari passu vsaj z banko Cresco.
In its comments of 19 March 2014 on the restructuring aid opening decision (measure 6), Estonia reiterates the arguments in relation to the ‘one time, last time’ principle.
Tako država kot banka Cresco sta prispevali dokaj visok znesek novih denarnih sredstev sorazmerno s svojima poslovnima deležema.
As regards the restoration of Estonian Air’s long-term viability, Estonia considers that the Commission should allow for the inclusion of mitigation actions by the management in the sensitivity analysis, since this is how normal businesses work.
Poleg tega sta skupna prispevka banke Cresco in skupine SAS v obliki denarnih sredstev znatna in primerljiva s prispevkom države.
Estonia also provides some clarifications on how the Level 1 and DOC contributions and the profitability margin of the routes offered as compensatory measures were calculated (see recital 79).
Pretvorbo posojila v lastniški kapital skupine SAS je treba obravnavati v širšem okviru predhodnih posojil podjetju Estonian Air v letih 2008 in 2009, ki dokazujejo, da je skupina SAS menila, da bo letalski prevoznik ponovno dosegel rentabilnost.
According to Estonia, Level 1 contribution defines the marginal revenue each passenger brings, not counting flying costs, while the DOC contribution defines the contribution a passenger brings including all the variable costs of flying but not aircraft-related costs or any other overheads.
V skladu z ustaljeno sodno prakso [33] je jasno, da 66-odstotna zasebna udeležba ni zanemarljiva v primerjavi z javno intervencijo.
Estonia moreover claims that the routes are to be considered acceptable compensatory measures because they all had a positive contribution at Level 1 and refuses the Commission’s argument that the abandoned routes would not be profitable under the new business model.
Poleg tega nič ne kaže, da bi lahko na odločitev skupine SAS in banke Cresco o naložbi v podjetje Estonian Air vplivalo ravnanje države.
In relation to own contribution, Estonia explains that the valuation report for the sale of the aircraft is realistic and provides details on the sale price of AS Estonian Air Regional and of Estonian Air’s stake in AS Amadeus Eesti.
Poleg tega Komisija navaja, da v skladu s smernicami za letalski sektor iz leta 1994 [34] kapitalske injekcije ne vključujejo državne pomoči, kadar se bo povečal javni delež v podjetju, če je vloženi kapital sorazmeren s številom delnic, ki jih imajo organi, in če spremlja kapitalsko injekcijo zasebnega vlagatelja, delež zasebnega vlagatelja pa mora imeti realen gospodarski pomen.
Comments from interested parties
Iz tega izhaja, da to velja za ukrep 1.
As regards the rescue aid opening decisions, the Commission received comments from IAG and Ryanair.
Na podlagi navedenega Komisija meni, da je banka Cresco sprejela odločitev o naložbi v Estonian Air pod pogoji pari passu v primerjavi z državo in da sta bili naložbi banke Cresco in skupine SAS znatni.
IAG claims to be affected by the rescue aid to Estonian Air through its investment in FlyBe and its relationship with Finnair.
Poleg tega Komisija nima razlogov za pomisleke o tem, da sta se skupina SAS in banka Cresco odločili za naložbo v Estonian Air zaradi donosnosti.
IAG also notes that, in its view, the connectivity of Estonia would not be hampered if Estonian Air were to exit the market.
Komisija je zato sklenila, da financiranje podjetja Estonian Air s kapitalsko injekcijo v višini 2,48 milijona EUR (ukrep 1) ni vsebovalo neupravičene prednosti za Estonian Air, in izključila prisotnost državne pomoči, pri čemer ni treba dodatno oceniti, ali bi bili izpolnjeni preostali kumulativni pogoji iz člena 107(1) Pogodbe.
IAG expressed concerns regarding the alleged breach of the ‘one tine, last time’ principle.
Ukrep 2
Ryanair welcomes the Commission’s formal investigation into the recue aid for Estonian Air, in particular in view of Estonian Air’s inefficiency when compared to Ryanair.
Junija 2009 je podjetje Estonian Air za 2,4 milijona EUR prodalo svoj oddelek za zemeljsko oskrbo letališču v Talinu, ki je bilo v 100-odstotni državni lasti (ukrep 2).
In relation to measures 1 to 5, Ryanair first notes that Cresco decided to give up its stake which is to be seen as a strong indication that the capital injections were not MEIP-compliant.
Odprt, pregleden in brezpogojen razpisni postopek za določitev cene ni potekal in neodvisni ocenjevalci niso opravili vrednotenja.
Ryanair notes that low-cost carriers are a better alternative to national flag carriers such as Estonian Air and that EU law does not recognize the right of each Member State to have a flag carrier.
Namesto tega je bila cena določena pri neposrednih pogajanjih med letališčem v Talinu in podjetjem Estonian Air.
Finally, Ryanair claims that its market position is directly and substantially affected by the State aid to Estonian Air and that this aid strongly distorts competition.
Komisija ugotavlja, da zaradi odsotnosti razpisnega postopka ali neodvisnega vrednotenja ne more izključiti prisotnosti pomoči.
Regarding the restructuring aid opening decision, two interested parties provided comments: an interested party who does not wish its identity to be disclosed and Ryanair.
Zato mora podrobno oceniti posel in njegov okvir, da bo ugotovila, ali je pomenil neupravičeno prednost za Estonian Air.
The interested party who does not wish its identity to be disclosed considers that Estonian Air’s restructuring plan is neither credible nor achievable in view of the fact that its losses in 2012 were extraordinarily high, leading to a net margin below –50 %.
Estonija je med formalnim postopkom preiskave pojasnila, da je bil oddelek za zemeljsko oskrbo donosen med letoma 2005 in 2008, tj. v letih pred prodajo.
As regards the restructuring of the fleet and the operations, the interested party is of the view that Estonian Air’s plans to use two aircraft for charter flights are not viable in view of the very competitive nature of that market and criticises the mix of aircraft of the new fleet.
Poleg tega je posel potekal v obliki prodaje sredstev brez obveznosti in zaposlenih ter drugih „prevzetih stroškov“.
The interested party also notes that the calculation of the profitability of the routes offered as compensatory measures shows that they are not acceptable and comes to the view that, overall, the restructuring aid should not be authorised.
Cena se je določila tako, da je bila za najnižjo ceno določena knjigovodska vrednost sredstev.
Finally, the interested party provides a case study of Hungary’s connectivity after the collapse of Malév and comes to the conclusion that the market can compensate adequately for the loss of a flag carrier.
Poleg tega so estonski organi predložili notranjo analizo, ki je pokazala, da multiplikator razmerja med tržno vrednostjo podjetja in prihodki od prodaje podjetja (kazalnik „EV/sales“) [35] za posel ustreza multiplikatorjem, opaženim pri več drugih poslih, pri katerih je bilo ciljno podjetje oddelek za zemeljsko oskrbo.
Ryanair first notes that the Commission should assess whether Estonia had other options available (such as liquidation) rather than providing State aid.
Zdi se, da to kaže, da je posel potekal pod tržnimi pogoji.
Ryanair also claims that the assumptions of the restructuring plan are extremely optimistic and that the plan is doomed to fail.
Poleg tega Estonija trdi, da je letališče v Talinu, čeprav je v 100-odstotni državni lasti, neodvisno od države in da so člani upravnega in nadzornega odbora neodvisni poslovneži in ne predstavniki države.
For instance, Ryanair believes that it is unrealistic that Estonian Air will be able to sell some of its aircraft to raise capital.
V sklepih o začetku postopka v zvezi s pomočjo za reševanje je Komisija izrazila pomisleke o tem, ali bi se lahko ukrepi letališča v Talinu pripisali državi, saj je bilo Ministrstvo za gospodarske zadeve in komunikacije edini delničar letališča v Talinu in pristojno zanj.
Ryanair also considers that the 12 routes cancelled by Estonian Air are non-profitable and cannot be deemed compensatory measures.
Vendar je Sodišče Evropske unije dosledno trdilo, da se ukrepi, ki jih sprejmejo javna podjetja pod državnim nadzorom, sami po sebi ne pripišejo državi.
Moreover, it notes that the conditions of the 2004 R&R Guidelines are not met, in particular the ‘one time, last time’ principle.
Sodišče je v zadevi Stardust Marine in v okviru nadaljnje sodne prakse pojasnilo, da je treba za sklep o tem, ali se ukrep pripiše državi, preveriti, ali so javni organi kakor koli sodelovali pri sprejetju navedenih ukrepov [36].
Finally, Ryanair reiterates that the aid to Estonia Air harms its market position substantially.
V zvezi z ukrepom 2 Komisija ne more sprejeti sklepa, da se lahko odločitev letališča v Talinu o naložbi v Estonian Air pripiše državi.
Observations from Estonia on the comments of interested third parties
Komisija v zvezi s tem tudi ni našla posrednega dokaza v smislu sodne prakse v zadevi Stardust Marine.
Estonia addressed in detail the arguments raised by the interested parties.
Zato Komisija meni, da se odločitev letališča v Talinu o sodelovanju pri ukrepu 2 ne pripiše Estoniji.
As regards the comments of IAG on the rescue aid opening decisions, Estonia notes that Estonian Air and FlyBe do not fly to the same airports and thus are not competing.
Ker se odločitev letališča v Talinu o sodelovanju pri ukrepu 2 ne pripiše državi in ker se zdi, da je posel potekal pod tržnimi pogoji, Komisija izključuje prisotnost državne pomoči pri ukrepu 2, pri čemer ni treba oceniti, ali so izpolnjeni preostali kumulativni pogoji iz člena 107(1) Pogodbe.
As regards the connectivity of the country, Estonia considers that it would be affected if Estonian Air exits the market and argues that low-cost carriers do not provide the type of connectivity that is important to Estonia.
Ukrep 3
In relation to Ryanair’s comments on the rescue aid opening decisions, Estonia observes that the efficiency of low-cost carriers cannot be compared to that of regional carriers.
Zato je banka Cresco prenehala biti delničarka, delež države se je povečal na 90 %, delež skupine SAS pa zmanjšal na 10 %.
As regards the rationale of the State to invest into the airline, Estonia observes that a profitable and sustainable airline is highly important as it provides Estonia with regular and dependable links to a number of countries that constitute Estonia’s key economic trading partners, a role that is not fulfilled by the airline’s main competitors.
Estonija trdi, da je njena odločitev o ponovni naložbi v Estonian Air temeljila na poslovnem načrtu iz leta 2010.
Finally, Estonia claims that low-cost carriers have failed in Estonia because of the small size of the market, not because of Estonian Air’s presence and excludes competition between Ryanair and Estonian Air since they target different customer segments.
Komisija najprej ugotavlja, da sta kapitalski injekciji države in skupine SAS potekali v različnih oblikah in zneskih, ki nista bila sorazmerna s poslovnima deležema.
Estonia also addressed the comments received in the context of the restructuring aid opening decision.
Kapitalska injekcija v višini 17,9 milijona EUR novih denarnih sredstev države ni primerljiva s pretvorbo dolga v lastniški delež v višini 2 milijonov EUR skupine SAS, saj Estonija ni predložila dokazov, da je bilo posojilo v celoti zavarovano s premoženjem, zato bi skupina SAS s pretvorbo posojila v lastniški kapital prevzela novo tveganje.
As regards the comments of the interested party who does not wish its identity to be disclosed, Estonia does not provide observations on some of them arguing that it would submit a new restructuring plan and therefore that those comments were no longer relevant.
V zvezi z odpisom dolga skupine SAS v višini […] milijonov EUR, ki ga je banka Cresco imela pri skupini SAS, v zameno za delnice podjetja Estonian Air v lasti banke Cresco Komisija opaža, da to dejanje ni vsebovalo novih denarnih sredstev za Estonian Air.
Estonia nonetheless indicates that there is no overcapacity on the routes to and from Estonia and that there is no risk of undermining the internal market by shifting an unfair share of structural adjustments to other Member States.
Poleg tega ni jasno, ali je skupina SAS prevzela novo tveganje s tem, ko je sprejela odpis dolga v zameno za delnice podjetja Estonian Air v lasti banke Cresco.
As regards the comparison with the case study of Hungary’s connectivity, Estonia argues that Estonia is a small and isolated market and that the demise of Estonian Air would mean a loss on the quantity and quality of air connections, and claims its case to be more similar to that of Lithuania after the bankruptcy of its flag carrier FlyLAL, which — according to Estonia — lost 26 % of its mobility factor [32] compared to 4 % for Hungary.
Ti elementi zadostujejo za sklep Komisije, da ukrep 3 ni bil izveden pod pogoji pari passu.
In relation to Ryanair’s comments, Estonia reiterates that Ryanair’s position would not be affected by the State aid granted to Estonian Air.
Estonski organi trdijo, da je bil ukrep 3 skladen z načelom vlagatelja pod tržnimi pogoji, saj je bil sprejet na podlagi poslovnega načrta iz leta 2010, ki je po njihovem mnenju trden in verodostojen.