natgillin/translations-raw huggingface dataset:
Latvia proposes as compensatory measures for airBaltic the cancellation of profitable routes, which leads to a reduction in capacity, and the surrender of slot pairs at coordinated airports.
Glede predplačila v višini […] milijonov LVL ([…] milijonov EUR) v kapital družbe airBaltic, ki ga je […] izvršil julija 2011, se na podlagi informacij, ki jih je predložila Latvija, zdi, da je to predplačilo neposredno povezano z ukrepom 6, ki pomeni državno pomoč, kot je bilo že ugotovljeno.
In addition to the abandon of unprofitable routes as required for a return to viability, the restructuring plan provides for the surrender of 14 profitable routes [41] in terms of the C1 contribution margin.
Zato predplačila […] v kapital družbe airBaltic ni mogoče šteti za lastni prispevek, saj ta nikakor ne sme vključevati pomoči.
It is the Commission's practice, to consider routes as profitable if they had a positive C1 contribution margin in the year preceding their surrender [42].
V zvezi z likvidnostnim posojilom v višini […] milijonov LVL ([…] milijonov EUR), ki ga je […] odobril med aprilom in junijem 2011 za nakup nadomestnih delov, latvijski organi niso predložili dokazov, ki bi Komisiji omogočili jasno razumevanje tega ukrepa in njegovega pomena v smislu prepričanja, da lahko upravičenec znova postane sposoben preživeti.
The C1 contribution takes account of flight, passenger and distribution costs (i.e. variable costs) attributable to each individual route.
Komisija zato ne more z gotovostjo skleniti, da je to posojilo sprejemljivo kot lastni prispevek.
Routes with a positive C1 contribution not only cover the variable costs of a route, but also contribute to the fixed costs of the company.
Na podlagi navedenega Komisija meni, da predplačilo v kapital družbe airBaltic v višini […] milijonov LVL ([…] milijonov EUR), ki ga je […] izvršil julija 2011, likvidnostno posojilo v višini […] milijonov LVL ([…] milijonov EUR), ki ga je […] odobril med aprilom in junijem 2011 za nakup nadomestnih delov, posojilo prodajalca v višini [5–15] milijonov LVL ([7,1–21,3] milijonov EUR), ki ga je družba BAS odobrila družbi airBaltic za odkup blagovnih znamk, in odpis dela dolga v višini […] milijonov LVL ([…] milijonov EUR) niso sprejemljivi kot lastni prispevek.
As regards capacity, the restructuring plan therefore provides that the total capacity of the company was [5 — 5,5] billion ASK in April 2011, while at the end of the restructuring period in April 2016, airBaltic's capacity is expected to be [4 — 4,5] billion ASK, i.e. an [17 — 20] % reduction.
Komisija zlasti zaradi neprepričljivih informacij, predloženih v zvezi s tem (nejasna narava zadevnih dolgov, vključno z več terjatvami in blagovnimi znamkami družbe airBaltic), dvomi, da se lahko odpis dela dolga v višini […] milijonov LVL ([…] milijonov EUR) šteje za lastni prispevek.
When only profitable routes are considered, the capacity reduction is of [7 — 10] %.
Ti ukrepi znašajo [75–85] milijonov LVL ([107–120] milijonov EUR), kar ustreza približno [48–50] % stroškov prestrukturiranja.
In addition, the Commission observes that airBaltic has cancelled a number of routes operating from the fully coordinated [43] airports of […].
Pri veliki družbi, kot je airBaltic, bi moral delež lastnega prispevka običajno znašati 50 %.
As a result, […] slots pairs in fully coordinated airports have been released in 2011 and 2012, which creates new business opportunities for competing airlines to operate routes to and from these airports and to increase their presence in them.
Vendar lahko Komisija v skladu s točko 56 smernic za reševanje in prestrukturiranje določi manj stroge pogoje glede deleža lastnega prispevka za območja, ki prejemajo podporo, kar je veljalo za Latvijo v času dodelitve ukrepov (glej uvodno izjavo 200).
When assessing whether the compensatory measures are appropriate, the Commission will take account of the market structure and the conditions of competition to ensure that any such measure does not lead to deterioration in the structure of the market (point 39 of the R&R Guidelines).
Zato Komisija meni, da so zahteve iz točke 43 smernic za reševanje in prestrukturiranje izpolnjene.
The compensatory measures must be in proportion to the distortive effects of the aid and, in particular, to the size and the relative importance of the firm on its market or markets.
Načelo enkratnosti pomoči
The degree of reduction must be established on a case-by-case basis (point 40 of the R&R Guidelines).
Točko 72 smernic za reševanje in prestrukturiranje, ki določa, da družba, ki je v zadnjih desetih letih prejela pomoč za reševanje in prestrukturiranje, ni upravičena do take pomoči (načelo enkratnosti pomoči), je treba spoštovati.
The Commission observes that airBaltic is a very small player in the European aviation market, representing 0,5 % of the output of the entire European airline industry.
Ukrepi 1, 4 in 5 ne pomenijo državne pomoči, zato se ne upoštevajo za namene načela enkratnosti pomoči.
In addition, the Commission comes to the view that the [7 — 10] % capacity reduction of airBaltic is not insignificant considering the relatively small size of airBaltic compared to the European airline industry's productive capacity and output in terms of passengers.
Poleg tega so latvijski organi potrdili, da družba airBaltic v zadnjih 10 letih ni prejela nobene pomoči za reševanje ali prestrukturiranje.
For a relatively small carrier like airBaltic, further fleet and capacity reductions could endanger its return to long-term viability without providing any meaningful market opportunities for competitors.
Komisija zato meni, da je upoštevano načelo enkratnosti pomoči.
Moreover, although airBaltic is the largest air carrier in Latvia, its market share in Riga will decrease from [65 — 70] % in 2011 to [55 — 60] % in 2016.
SKLEPNE UGOTOVITVE O UKREPIH 2, 3 IN 6
Furthermore, the Commission observes that Latvia is an assisted area for regional investment aid purposes under Article 107(3)(a) TFEU [44].
Ob upoštevanju navedenega Komisija ugotavlja, da je Latvija nezakonito izvedla ukrepe 2, 3 in 6 v korist družbe airBaltic in s tem kršila člen 108(3) Pogodbe o delovanju Evropske unije.
According to point 56 of the R&R Guidelines, ‘the conditions for authorising aid [in assisted areas] may be less stringent as regards the implementation of compensatory measures and the size of the beneficiary's contribution.
Vendar meni, da ukrepi in načrt za prestrukturiranje izpolnjujejo pogoje iz smernic za reševanje in prestrukturiranje.
If needs of regional development justify it, in cases in which a reduction of capacity or market presence appear to be the most appropriate measure to avoid undue distortions of competition, the required reduction will be smaller in assisted areas than in non-assisted areas’.
Komisija zato meni, da je pomoč združljiva z notranjim trgom.
The Commission has also taken into account the particularities of the present case when assessing the appropriateness of the proposed compensatory measures, bearing in mind Latvia's peripheral geographical situation and its accessibility to the rest of the European Union.
Nazadnje, Komisija ugotavlja, da se je Latvija strinjala, da se ta sklep sprejme in uradno sporoči v angleščini –
In this respect, the Commission notes that the large majority of Latvia's railway system uses Russian gauge which is wider than the Standard gauge used in most of the EU, thereby creating interoperability problems with neighbouring EU countries Sea transport also appears to offer a limited degree of substitutability with air transport, in particular for passenger transport.
SPREJELA NASLEDNJI SKLEP:
Finally, the Commission observes that the closest international airports reachable by land transport are those of Vilnius and Tallinn, which are around 300 km away from Riga, thereby not constituting convenient alternatives hubs, in particular for business passengers.
Člen 1
Therefore, the Commission is of the view that the compensatory measures adopted by airBaltic, i.e. the [7 — 10] % capacity reduction and the surrender of slots in coordinated airports, are acceptable in the circumstances of the present case.
Prvo državno posojilo v višini 16 milijonov LVL, ki ga je Republika Latvija odobrila družbi airBaltic leta 2011, pridobitev brezkuponskih obveznic, ki jih je država pridobila od družbe airBaltic aprila 2010, in plačilo v višini 2,8 milijona EUR, ki ga je družba airBaltic prejela od banke Latvijas Krājbanka novembra 2011, ne pomenijo pomoči v smislu člena 107(1) Pogodbe o delovanju Evropske unije.
The compensatory measures proposed by Latvia are therefore sufficient under the R&R Guidelines in order to ensure that the adverse effects on trading conditions resulting from the granting of restructuring aid to airBaltic are reduced to an acceptable level.
Člen 2
Aid limited to the minimum (own contribution)
Drugo državno posojilo v višini 67 milijonov LVL in povečanje kapitala družbe airBaltic, ki ga je Republika Latvija izvedla leta 2011, ter odstop terjatve v višini 5 milijonov EUR družbi airBaltic, ki ga je Republika Latvija izvedla leta 2012, pomenijo pomoč v smislu člena 107(1) Pogodbe o delovanju Evropske unije.
According to point 43 of the R&R Guidelines, in order to limit the amount of aid to the strict minimum, a significant contribution to the restructuring costs from the beneficiary's own resources is necessary.
Navedena pomoč je združljiva z notranjim trgom v smislu člena 107(3)(c) Pogodbe o delovanju Evropske unije.
This can include the sale of assets that are not essential to the firm's survival, or external financing at market conditions.
Člen 3
The own contribution must be real, i.e. actual, excluding all future profits such as cash flow (point 43 of the R&R Guidelines).
Ta sklep je naslovljen na Republiko Latvijo.
Inherently, the own contribution must not include any further state aid.
V Bruslju, 9. julija 2014
For large firms, the Commission usually considers a contribution of at least 50 % of the restructuring costs to be appropriate.
Za Komisijo
However, in exceptional circumstances and in cases of particular hardship, the Commission may accept a lower contribution (point 44 of the R&R Guidelines).
Podpredsednik
The restructuring plan estimates the restructuring costs at LVL [150 — 170] million (EUR [214 — 242] million), based on the funds required for repayment of third-party loans (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), compensation of losses resulting from the phase-out and disposal of certain aircraft (LVL [15 — 25] million (EUR [21,3 — 35,5] million)), provision for bad debts that the company would not be able to recover (LVL [5 — 10] million (EUR [7,1 — 15,3] million)), redundancy payments (LVL [1 — 4] million (EUR [1,4 — 5,6] million)), the purchase of new aircraft, in particular […] Bombardier Q400NG and […] Boeing 737-500 (for a total of LVL [50 — 60] million (EUR [71,1 — 85,3] million)), the repurchase of trademarks from BAS (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), unforeseen off balance sheet liabilities resulting from a claim from […] (LVL [5 — 15] million (EUR [7,1 — 21,3] million)), and LVL [45 — 55] million (EUR [64 — 78,2] million) to buffer the expected losses until airBaltic returns to profitability.
UL C 69, 8.3.2013, str. 40.
In view of total restructuring costs of LVL [150 — 170] million (EUR [214 — 242] million), the proposed own contribution of airBaltic according to the restructuring plan amounts to LVL [100 — 110] million (EUR [141 — 155] million), i.e. [60 — 70] % of the total restructuring costs.
Devizni tečaj 1 EUR = 0,7063 LVL.
The own contribution breaks down as follows:
Povprečni devizni tečaj za leto 2011, ki ga je objavila Evropska centralna banka in je na voljo na spletnem naslovu http://sdw.ecb.europa.eu/reports.do?node=100000233.
Private financial injections of LVL [20 — 30] million (EUR [28,4 — 42,6] million) granted by BAS and the private investors THC and […] in the period April-September 2011.
Glej opombo 1.
This amount includes LVL […] million (EUR […] million) in the form of a liquidity facility granted by […] in March and May 2011 for the purchase of spare parts from airBaltic; LVL […] million (EUR […] million) and LVL […] million (EUR […] million) of advance payments into the equity of airBaltic respectively made by […] and […]; and LVL [6 — 8] million (EUR [8,5 — 12,3] million) from Transatlantic Holdings deriving from a share purchase agreement. (ii) Private loans of LVL [20 — 30] million (EUR [28,4 — 42,6] million) granted by BAS after the Agreement, namely the BAS loan (LVL 14 million (EUR 19,82 million)) and a vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) for the repurchase of trademarks.
Vir: Riga International Airport Yearbook 2011 (Letopis mednarodnega letališča v Rigi za leto 2011), na voljo na spletnem naslovu http://www.riga-airport.com/en/main/about-company/gada-gramata.
Lease agreements for new aircraft valued at LVL [45 — 55] million (EUR [64 — 78] million).
Glej http://bnn-news.com/airbaltic-shareholders-structure-11608.
LVL […] million (EUR […] million) from a partial debt write-off resulting from the restructuring of the debt of airBaltic agreed with Latvijas Krājbanka and Snoras in March 2014.
Mediji so poročali o nekaterih povezavah med družbo Taurus in ruskim podjetnikom Vladimirjem Antonovom.
Regarding the private financial injections mentioned in point (i) above, Latvia has demonstrated that BAS made advance payments into the equity of the company of LVL [7 — 9] million (EUR [10 — 13] million) between June and July 2011.
Vladimir Antonov je bil nekdanji glavni delničar in predsednik litovske banke Snoras.
The Commission is of the view that these payments constitute an own contribution within the meaning of point 43 of the R&R Guidelines, since BAS was a private market operator and the Commission has no reasons to consider that it was not acting in accordance with market logic.
Centralna banka Litve je pojasnila, da je morala nacionalizirati banko Snoras, ker ni izpolnjevala zakonskih zahtev in zagotovila zahtevanih informacij ter zaradi slabega stanja njenih sredstev.
The same conclusion applies to the LVL [6 — 8] million (EUR [8,5 — 12,3] million) provided by Transatlantic Holdings in exchange for […] outstanding unpaid shares in airBaltic, which took place in September 2011.
Glej http://en.rian.ru/ business/20120523/173624459.html in http://www.bloomberg.com/news/2011-12-19/antonov-says-he-invested-50-million-euros-in-latvia-s-airbaltic.html.
As regards point (ii) above, the Commission is of the view that the loan of LVL 14 million (EUR 19,82 million) granted by BAS, i.e. the BAS loan, constitutes external financing at market terms which can be accepted as own contribution from a private investor that was shareholder of the company at the time.
Glej http://www.lkb.lv/en/about_bank/news/archyve?item=2022&page=6.
As regards the lease agreements for new aircraft in the amount of LVL [45 — 55] million (EUR [64 — 78] million) (point (iii) above), the restructuring plan explains that in March 2013 airBaltic concluded new lease agreements for aircraft with private counterparties as part of its fleet reduction and optimisation programme.
Glej http://www.fktk.lv/en/publications/other_publications/2012-02-07_jsc_latvijas_krajbanka_c/.
The agreements relate to the net-lease of […] Bombardier Dash 8 Q400NG aircraft for a period of 10 years for a total amount of approximately USD […] million (EUR […] million), i.e. a monthly rent of approximately USD […] (EUR […]).
Minister za promet je pojasnil, da je bil cilj pridobitve zaščititi deponente banke Latvijas Krājbanka.
According to the restructuring plan, the lease was granted at market conditions by […].
Finančne težave družbe BAS bi državi očitno lahko preprečile vlaganje v kapital družbe airBaltic, zato se je vlada odločila zaščititi svoje interese in prevzeti nadzor nad družbo airBaltic.
The monthly rent is intended to cover the amortisation of the purchase price minus residual value at the end of year 10 of the relevant aircraft (plus a certain mark-up to cover […] financing and operating costs as well as a profit margin), thereby effectively equalling the purchase price of the new aircraft.
Glej http://www.bloomberg.com/news/2011-12-01/latvia-buys-out-minority-shareholder-in-airbaltic-ministry-says.html in http://www.sam.gov.lv/?cat=8& art_id=2598.
The Commission notes that lease arrangements as such are a standard form of financing in the airline industry and may be equated to loans provided to a company undergoing restructuring.
Glej http://www.baltic-course.com/eng/transport/?doc=54423.
The fact that there is collateral covering a significant part of the loan does not preclude that the loan be considered as ‘own contribution’.
Mediji poročajo tudi, da naj bi družba BAS banki Latvijas Krājbanka dolgovala 14 milijonov LVL (glej na primer http://www.baltic-course.com/eng/transport/?doc=53861).
In addition, Latvia has confirmed that the lease arrangements are subject to standard collateralisation (i.e. the ability to seize the plane in case of a default and a cash security deposit).
Latvija je navedla, da se od avgusta 2013 zoper družbo BAS ni uvedel stečajni postopek, čeprav si je več njenih upnikov prizadevalo za to.
Therefore, the lessor runs a certain degree of creditor risk given that it would suffer considerable losses in the event of a default by airBaltic, i.e. the immediate loss of income from rent, which continues until the aircraft can be re-leased to a new customer, as well as the costs incurred to reconfigure the aircraft for the next operator.
Zdi se tudi, da sta glavna delničarja družbe airBaltic, tj. latvijska država in BAS, vsaj od leta 2010 v sporu, saj mediji poročajo o številnih tožbah med Latvijo in družbo BAS (glej na primer http://atwonline.com/airline-finance-data/news/airbaltic-files-bankruptcy-0921).
[45]
Glej http://centreforaviation.com/analysis/airbaltics-restructuring-plan-is-in-full-swing-but-competition-from-estonian-air-is-rising-74754.
On the basis of the above, the Commission notes that the lease agreements show that airBaltic was able to obtain external financing at market conditions.
Glej https://www.airbaltic.com/en/bottom_menu/press-room/press_releases/2011/airbaltic-files-for-legal-protection-airbaltic-to-continue-operations.
Therefore, the lease agreements can be regarded as proof that the market believes in the long term viability of airBaltic, given that the agreements are only secured by the standard type of collateral and the financier still runs a certain degree of risk.
Latvijsko ministrstvo za promet je 27. avgusta 2012 v evropski in britanski izdaji časnika Financial Times objavilo oglas, v katerem je pozvalo k nezavezujočim izjavam o zanimanju za sodelovanje pri prodaji izdanih delnic družbe airBaltic.
This is in line with point 43 of the R&R Guidelines, which states that the own contribution should originate from external financing at market conditions and is a sign that the market believes in the feasibility of the envisaged return to viability.
Glej http://prudentia.lv/upload_file/27082012-ABC%20ad%20EN.pdf.
The Commission hence considers the LVL [45 — 55] million (EUR [64 — 78] million) leases as part of the own contribution.
Poslovna skrivnost.
This is moreover in line with past practice of the Commission, in, for example, the Czech Airlines case.
Latvija je to pravico očitno uveljavila 8. junija 2012 (glej uvodno izjavo 23).
[46]
V nasprotju s tem, kar je navedeno v uvodni izjavi 80 sklepa o začetku postopka, je Komisija v formalnem postopku preiskave ugotovila, da sporazum družbe BAS ni zavezoval, da odobri konvertibilno posojilo pod enakovrednimi pogoji sočasno z drugim državnim posojilom.
However, the Commission has doubts as regards some of the types of own contribution proposed in the restructuring plan, as explained below.
Družba airBaltic je 10. julija 2012 z družbo Bombardier podpisala pismo o nameri glede nakupa desetih zrakoplovov CS300 in dodelitve pravice do nakupa dodatnih deset reaktivnih letal CS300.
As regards the advance payment into the equity of airBaltic of LVL […] million (EUR […] million) made by […] in July 2011, it appears from the information submitted by Latvia that this is directly related to measure 6, which, it has been concluded, entails state aid.
Na podlagi cene letala CS300 po ceniku bo vrednost pogodbe o trdnem naročilu znašala približno 764 milijonov USD (621,74 milijona EUR) in bi se lahko povečala na 1,57 milijarde USD (1,28 milijarde EUR), če se bodo pravice do nakupa pretvorile v trdna naročila.
Therefore, the advance payment into equity of airBaltic made by […] cannot be considered as own contribution, which must necessarily be free of aid.
Glej http://www.airbaltic.com/public/49780.html.
In relation to the liquidity facility of LVL […] million (EUR […] million) granted by […] between April and June 2011 for the purchase of spare parts, the Latvian authorities have not provided evidence allowing the Commission to have a clear understanding of this measure and its significance in terms of belief in a return to viability of the beneficiary.
Devizni tečaj 1 EUR = 1,2288 USD – povprečni devizni tečaj za julij 2012, ki ga je objavila Evropska centralna banka in je na voljo na spletnem naslovu http://sdw.ecb.europa.eu/reports.do?node=100000233.
The Commission is therefore unable to conclude with certainty that this facility is acceptable as own contribution.
Prvo državno posojilo v višini 16 milijonov LVL in drugo državno posojilo v višini 67 milijonov LVL (vključno z drugo tranšo v višini 25,4 milijona LVL, ki je bila po načrtu reShape družbi zagotovljena v drugi polovici leta 2012).
As regards the vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) from BAS to airBaltic for the repurchase of trademarks, Latvia has not provided any evidence that the loan was actually provided.
UL C 244, 1.10.2004, str. 2.
On the basis of the above, the Commission does not consider acceptable as own contribution the advance payment into the equity of airBaltic of LVL […] million (EUR […] million) made by […] in July 2011, the liquidity facility for LVL […] million (EUR […] million) granted by […] between April and June 2011 for the purchase of spare parts, and the vendor loan of LVL [5 — 15] million (EUR [7,1 — 21,3] million) from BAS to airBaltic for the repurchase of trademarks and the partial debt write-off of LVL […] million (EUR […] million).
Latvija navaja znesek […] milijonov EUR, ki pa ne izhaja iz sporazuma.
The Commission also doubts, in particular on the basis of the inconclusive information provided in that respect (unclear nature of the debts at issue, including several claims and the trademarks of airBaltic) whether the LVL […] million (EUR […] million) partial debt write-off by the two banks can count as own contribution.
Sporočilo Komisije o spremembi metode določanja referenčnih obrestnih mer in diskontnih stopenj (UL C 14, 19.1.2008, str. 6).
In any event, the Commission notes that the other measures proposed as own contribution are nevertheless in line with point 43 of the R&R Guidelines and that the level of own contribution is therefore acceptable.
Število ponujenih sedežev oziroma kilometrov je število sedežev na opravljenih letih, pomnoženo s številom preletenih kilometrov.
They amount to LVL [75 — 85] million (EUR [107 — 120] million), which is equivalent to approximately [48 — 50] % of the restructuring costs.
Število ponujenih sedežev oziroma kilometrov je najpomembnejši kazalnik zmogljivosti letalskih prevoznikov, ki sta ga industrija zračnega prevoza in Komisija uporabili v preteklih primerih prestrukturiranja v sektorju zračnega prevoza.
For a large firm like airBaltic, the level of own contribution should normally be 50 %.
Družba Ryanair se je sklicevala na zadevo C-405/11 P, Buczek Automotive, ki še ni objavljena, in sicer na točke 55–57.
However, according to point 56 of the R&R Guidelines, the Commission may be less stringent as regards the size of the own contribution in assisted areas, as was the case for Latvia at the time the measures were granted (see recital 200 above).
Glej http://www.eurofound.europa.eu/emcc/erm/factsheets/18371/Air%20Baltic%20Corporation?Template=searchfactsheets&kSel=1 in http://www.baltic-course.com/eng/transport/?doc=42089.