natgillin/translations-raw huggingface dataset:
Furthermore, further modifications to the current business plan were envisaged such as cheap fuel for small aircrafts, self-check-in service, fixed base operations with luxurious VIP passengers, advertising the airport as location for air shows and aviation expos.
Na podlagi teh ugotovitev Komisija meni, da je treba v tem primeru uporabiti pristop, ki ga smernice za letalski sektor iz leta 2014 na splošno priporočajo za uporabo načela udeleženca v tržnem gospodarstvu v zvezi z razmerji med letališči in letalskimi prevozniki, in sicer predhodno analizo dodatne donosnosti [63].
At the same time, Lübeck airport was to continue to operate as an airport, i.e. to offer charter and scheduled flights.
Ta pristop je utemeljen z dejstvom, da ima lahko upravljavec letališča objektiven interes za sklenitev transakcije z letalskim prevoznikom, če lahko razumno pričakuje, da bo ta transakcija povečala njegove dobičke (ali zmanjšala njegove izgube) v primerjavi z nasprotnim položajem, v katerem se transakcija ne sklene, ne glede na kakršno koli primerjavo s pogoji, ki jih letalskim prevoznikom ponujajo drugi upravljavci letališč, ali celo s pogoji, ki jih isti upravljavec letališča ponuja drugim letalskim prevoznikom.
From an ex ante perspective, Lübeck airport was to remain an airport, but with a changed business plan.
Poleg zgoraj navedenega mora biti letališka infrastruktura odprta za vse letalske prevoznike in ne sme biti namenjena le določenemu letalskemu prevozniku, tako da se lahko izključi možnost prenosa prednosti, ki izhaja iz združljive pomoči za upravljavca letališča, na določenega letalskega prevoznika.
The Commission observes that while Yasmina's business concept differed from the activities carried out by FLG, Yasmina still planned to offer similar aviation activities as FLG.
Komisija v zvezi s tem ugotavlja tudi, da je razlikovanje cen standardna poslovna praksa.
On balance, this seems to rather point towards the existence of economic continuity.
Vendar morajo biti take različne politike določanja cen komercialno upravičene.
The fact that ex post, Yasmina was only able to offer reduced aviation activities, as Ryanair left Lübeck to start flying from the near Hamburg airport, does not alter this conclusion.
Komisija meni, da se dogovori, sklenjeni med letalskimi prevozniki in letališčem, lahko štejejo za skladne s preskusom udeleženca v tržnem gospodarstvu, kadar s predhodnega vidika postopno prispevajo k donosnosti letališča.
Therefore, while some of the indicators point towards the absence of economic continuity, the Commission cannot rule out that there was nevertheless economic continuity between FLG and Yasmina.
Taki dodatni stroški bi morali obsegati vse kategorije odhodkov ali naložb, npr. dodatne stroške za zaposlene, opremo in naložbe, nastalih zaradi prisotnosti letalskega prevoznika na letališču [65].
So even if there had been economic continuity between FLG and Yasmina, the recovery obligation could not be extended to Yasmina anymore.
V skladu s sodbo v zadevi Charleroi [67] je Komisija pri presoji zadevnih ukrepov dolžna upoštevati vse upoštevne dejavnike in njihov kontekst.
Economic continuity between FLG and PuRen
Z drugimi besedami, Komisija mora analizirati pričakovani učinek sporazuma z družbo Ryanair na družbo FLG ob upoštevanju vseh upoštevnih dejavnikov zadevnega ukrepa.
If there was economic continuity between FLG and Yasmina, and given that Yasmina has been dissolved in the meantime, the Commission has to assess whether the buyer of Yasmina's assets benefitted from potential State aid to FLG and whether the recovery obligation would need to be extended to this buyer.
V sodbi Stardust Marine je Sodišče odločilo, da je „[…] za preveritev vprašanja, ali je država ravnala kot preudaren vlagatelj, ki deluje pod pogoji tržnega gospodarstva, potrebna umestitev v obdobje, v katerem so bili sprejeti ukrepi finančne podpore, da se oceni gospodarska racionalnost ravnanja države in s tem prepreči kakršna koli ocena na podlagi poznejših razmer.“ [68]
Before Yasmina was dissolved, its assets were sold to another private investor, PuRen.
Za uporabo načela udeleženca v tržnem gospodarstvu se je morala Komisija postaviti v čas, ko je bil sklenjen zadevni sporazum.
The Commission notes that Yasmina's assets were sold in a court supervised insolvency proceeding in line with German insolvency law [47].
Komisija mora tudi utemeljiti svojo oceno z informacijami in predpostavkami, ki so bile na voljo družbi FLG ob sklenitvi sporazuma.
Advantage to the sold economic activity
Komisija ugotavlja, da je družba Air Berlin trdila, da sporazumi med družbama Ryanair in letališčem Lübeck niso bili donosni, saj so se izgube družbe FLG po prihodu družbe Ryanair stalno povečevale (glej preglednico 8).
Furthermore, the Commission has to assess whether the negative sales price paid by Yasmina for the assets of FLG could still have provided an advantage to the sold economic activity [48], in this case the airport.
Te naložbe so bile potrebne za povečanje vrednosti letališča v primeru predvidene privatizacije in da se letališče pripravi, da bo pritegnilo katerega koli letalskega prevoznika.
To this end, the Commission has to assess whether Hansestadt Lübeck behaved like a MEO.
Poleg tega Komisija opozarja, da preskus udeleženca v tržnem gospodarstvu temelji na predhodni oceni.
The costs of the sale of the airport would have to be compared to the costs of a counterfactual scenario, which could in the case at hand have been the closing of the airport or the continued operation of the airport by FLG.
Glede na sodno prakso Sodišča ravnanje zasebnega tržnega udeleženca, ki se uporablja za ocenjevanje ravnanja javnega upravljavca, ni nujno usmerjeno v kratkoročno donosnost, temveč ga lahko vodijo obeti dolgoročnejše donosnosti [69].
However, given that at the date of this Decision, no airline serves the airport and that therefore no scheduled flights or chartered flights are offered to or from Lübeck airport, the Commission considers that there is no need to assess whether the negative sales price provided an advantage to the sold economic activity.
Tudi če letališče ustvarja izgubo v obdobju delovanja družbe Ryanair, je še vedno mogoče, da sporazum med letališčem in letalskim prevoznikom prinese dodaten dobiček za letališče na predhodni podlagi.
The sold economic activity has disappeared from the market.
Ocena dodatnih stroškov in prihodkov
This finding is without any prejudice to the assessment of whether the most recent sales of Lübeck airport to Stöcker involved State aid to the buyer.
Za namen ocenjevanja zadevnega sporazuma in glede na ugotovitve iz uvodnih izjav 282 do 301 je treba obstoj in znesek morebitne pomoči v tem sporazumu oceniti ob upoštevanju razmer, ki so prevladovale ob podpisu sporazuma, ter, natančneje, v luči informacij, ki so bile na voljo, in predvidljivih razvojnih trendov.
Furthermore, the Commission reminds Germany that any measure aiming to prepare Lübeck airport to take up scheduled flights or charter flights in the future is subject to State aid control and would have to be notified to the Commission.
V času pogajanj o sporazumu je družba FLG pričakovala, da bodo dejavnosti družbe Ryanair na letališču Lübeck povzročile povečanje števila potnikov, s čimer bi se povečali prihodki iz neletalskih dejavnosti, ter da bodo privedle do širitve neletalskih dejavnosti in pritegnile druge letalske prevoznike.
The Commission finds that there is no need to take a decision as to whether potential State aid to FLG constitutes State aid within the meaning of Article 107(1) TFEU, and if so, whether such State aid could be declared compatible with the internal market.
Nemčija je zagotovila podatke o predhodno pričakovani rasti števila potnikov kot tudi o pričakovanih dodatnih stroških in prihodkih, in sicer v scenarijih najboljšega in najslabšega primera.
The legal entity FLG has ceased to exist and so has its economic activity.
Dodatni prihodki, ki bi jih zasebni vlagatelj razumno pričakoval na podlagi sporazuma, vključujejo:
Furthermore, even if there was economic continuity between FLG and Yasmina, it would not be possible anymore to recover the aid from Yasmina as it has been dissolved and its assets were sold in court supervised insolvency proceedings in line with German insolvency law.
dodatne prihodke od letalskih dejavnosti potniškega prometa in pristajalnih pristojbin, ki jih plačuje družba Ryanair, in
POSSIBLE STATE AID IN FAVOUR OF INFRATIL
dodatne prihodke iz neletalskih dejavnosti, na primer, od parkirišč, franšiznih trgovin ali pa neposredno upravljanih prodajaln.
Advantage
Komisija glede uporabe načela enojnega zaračunavanja meni, da je treba upoštevati prihodke iz letalskih in neletalskih dejavnosti [71].
An advantage within the meaning of Article 107(1) TFEU is any economic benefit which an undertaking would not have obtained under normal conditions, that is to say, in the absence of State intervention [49].
Nemčija je trdila, da je letališče na podlagi pristojbin, določenih v sporazumu iz leta 2000, pričakovalo povprečne prihodke iz letalskih dejavnosti v višini […] EUR na potnika.
According to Article 345 TFEU, ‘The Treaties shall in no way prejudice the rules in Member States governing the system of property ownership’.
Po ocenah družbe FLG naj bi prihodki iz neletalskih dejavnosti predstavljali […] % prihodkov iz letalskih dejavnosti.
The privatisation of a firm — a transfer from the public to the private sector — is an economic policy choice which, in itself, falls within the exclusive competence of Member States.
Dodatni prihodki, ki bi jih zasebni vlagatelj razumno pričakoval na podlagi sporazuma, vključujejo:
In accordance with established case law [50] and Commission practice [51], when a Member State sells shares in undertakings, the purchaser does not receive an advantage if the Member State's behaviour is consistent with that of an MEO.
dodatne stroške poslovanja, ki neposredno izhajajo iz sporazuma z družbo Ryanair,
This is the case when a hypothetical private shareholder, motivated by the prospect of profit, would have entered into the transaction.
stroške za storitve trženja,
Thus non-economic considerations, such as industrial policy reasons, employment considerations or regional development objectives cannot be taken into account.
stroške naložb, neposredno povezane s sporazumom z družbo Ryanair.
This principle has been repeatedly confirmed by the Commission and the Court [52].
Po navedbah Nemčije je bilo treba povečati število osebja družbe FLG za obravnavo pričakovanega števila potnikov.
In its Stardust Marine judgment the Court stated that, ‘[…] in order to examine whether or not the State has adopted the conduct of a prudent investor operating in a market economy, it is necessary to place oneself in the context of the period during which the financial support measures were taken in order to assess the economic rationality of the State's conduct, and thus to refrain from any assessment based on a later situation.’ [53].
Družba FLG je pričakovala dodatne stroške poslovanja in stroške za zaposlene v višini […] EUR na potnika.
Therefore, in order to assess whether Hansestadt Lübeck acted as an MEO when privatising Lübeck airport, it is necessary to value the different options Hansestadt Lübeck had at that time, in order to verify whether Hansestadt Lübeck has chosen the financially most advantageous option available.
Na podlagi sporazuma iz leta 2000 je družba FLG pričakovala dodatne stroške trženja za obdobje 2000–2012 v višini […] EUR v najboljšem primeru in […] EUR v najslabšem primeru.
In principle, an assessment carried out by one or more independent audit companies can serve as evidence for the market value of a transaction.
V zvezi s stroški naložb je Nemčija navedla, da je letališka infrastruktura že obstajala pred sklenitvijo sporazuma z družbo Ryanair in da za sprva načrtovano delovanje družbe Ryanair na letališču Lübeck niso bile potrebne nobene dodatne naložbe v infrastrukturo.
In 2004, Hansestadt Lübeck ordered a valuation of closure and continuation of the airport by an independent private bank [54] (‘the Berenberg study’).
Nemčija je navedla naslednje prihodke in operativne stroške za najboljši primer (preglednica 11) in najslabši primer (preglednica 12):
Table 9
Stroški in prihodki v najboljšem primeru
Options of HL and valuation by Berenberg Consult
Leto
Options
Potniki
Worst case (in EUR)
prihodki iz letalskih dejavnosti
Best case (in EUR)
prihodki iz neletalskih dejavnosti
Mean value (in EUR)
operativni stroški
Privatisation (best case incl. subsidies, sale of airport site in 2009, debtor warrant (Besserungsschein))
Preglednica 12
Ordinary closing (Ordentliche Schließung) (best case without direct liability of shareholders ‘Durchgriffshaftung’) […] […] […]
Stroški in prihodki v najslabšem primeru
Continuing operations as before (no difference between best case and worst case)
Preglednica 13
The reference date (Stichtag) was 31 December 2003.
Predhodna ocena donosnosti
The Berenberg study concluded that the costs for continuing airport operations would amount to EUR […].
Ocena donosnosti
The Berenberg study has estimated these costs under the assumption that the airport would continue to be loss making in the following years.
stroški trženja
For the privatisation option, the valuation estimated costs to amount between EUR […] and EUR […].
Komisija je ocenila pristop, ki ga je uporabila Nemčija, kot razumen.
This valuation included a positive purchase price of EUR […].
Tudi predpostavka, da bi bilo ob povečanju števila potnikov treba povečati število zaposlenih, se zdi smotrna.
As a potential buyer of the airport would reflect expected losses in its purchase price, this estimated price indicates that the valuation assumed profitability after privatisation.
Komisija ugotavlja, da se naložbe, povezane z razširitvijo letališča Lübeck, niso nanašale posebej na družbo Ryanair, ampak bi jih lahko izkoristili tudi drugi letalski prevozniki.
The assumption of profitability can be explained by increased efficiency after privatisation and by an expected growth in passenger numbers.
To kaže, da stroškov naložb ni bilo treba vključiti v dodatne stroške sporazuma z družbo Ryanair.
In particular, Ryanair had announced to create a base at Lübeck airport in case of a runway extension.
Po trditvah Nemčije je letališče Lübeck več let neuspešno poskušalo začeti pogajanja o sporazumu z družbo Air Berlin.
The Commission notes that the Berenberg study expected it possible to sell the airport activities at a positive price, while if they were to remain in the public hand, these activities were expected to be continuously loss making.
Komisija priznava, da so bile izvedene ustrezne naložbe, da bi letališče Lübeck pripravili na večje število potnikov [72].
The agreement concluded between Hansestadt Lübeck and Infratil consists of several elements and contains different scenarios that reflect the situation in October 2005.
Komisija nadalje ugotavlja, da sporazum iz leta 2000 družbi FLG ni nalagal izvedbe naložb [73].
Since the planning approval was suspended by the OVG Schleswig judgment in July 2005 (see recital 78), Infratil was prevented from expanding the airport.
Družba FLG bi lahko svoje obveznosti po pogodbi izpolnila brez vlaganja v razširitev letališča.
Therefore the value of FLG decreased.
Na podlagi teh ugotovitev Komisija sklepa, da je pristop Nemčije, da naložb, ki so bile izvedene na letališču Lübeck, ne pripisuje sporazumom z družbo Ryanair iz leta 2010, razumen.
Furthermore the planned expansion of services by Ryanair, and thus the profitability of the airport, was largely depending on obtaining the planning approval in the future.
Zaradi te potrebne spremembe je Komisija opravila lastno analizo, pri čemer je neposredno uporabila analizo dodatne donosnosti, ki jo je predložila Nemčija, ter jo spremenila tam, kjer je to potrebno, kot je povzeto v preglednicah 14, 15 in 16:
Based on previous experience and knowledge of German administrative proceedings, Hansestadt Lübeck could reasonably expect that the planning approval would be obtained.
Preglednica 15
At the same time, Hansestadt Lübeck had to accept that Infratil would attribute a higher risk to the planning approval process and Hansestadt Lübeck had thus to accept that Infratil would not be willing to pay the full purchase price from the beginning.
Preglednica 16
The result was the negotiation of a put option as well as the splitting of the purchase price into the immediately payable Purchase Price I and a Purchase Price II that only had to be paid if and once the planning approval was obtained.
Prihodkov in operativnih stroškov, ki so bili pričakovani za leti 2011 in 2012, Komisija ni upoštevala, saj naj bi v teh letih sporazum iz leta 2000 že potekel (glej preglednici 14 in 15).
Due to the circumstances, the Commission concludes that a private shareholder would have negotiated similar options.
Komisija se je namesto tega opirala na prihodke in operativne stroške, ki so bili pričakovani za obdobje 2000–2010, kar prikazujejo prihodki in operativni stroški v preglednici 16.
The Commission has also to assess whether the transaction price stipulated for the negotiated options met market requirements.
Kar zadeva stroške trženja, je Komisija je izračunala povprečne stroške trženja na potnika, ki bi jih glede na informacije, ki jih je predložila Nemčija, lahko pričakovali v najboljšem in v najslabšem primeru.
Purchase Price I (EUR […]) and the put option
Nato je pomnožila povprečne stroške trženja na potnika s številom potnikov, ki bi jih lahko pričakovali za obdobje 2000–2010, s čimer je dobila pričakovane stroške trženja v višini […] EUR v najboljšem in […] EUR v najslabšem primeru (glej preglednico 16).
In this scenario, the conditions specified in the 2005 Participation Agreement are not fulfilled and the planning approval is not obtained.
Nazadnje, predhodna analiza, ki jo je opravila družba FLG, predložila pa Nemčija, ni diskontirala prihodnjih plačil na datum, na katerega je bila sklenjena pogodba, vendar pa je iz predloženih številk jasno razvidno, da se je pričakovalo, da bo pogodba donosna.
As a result, Infratil does not have to pay Purchase Price II.
Družba Oxera je izračunala število potnikov na podlagi podatkov o poslovnem izidu vse do trenutka podpisa sporazuma.
The study of the independent consultant company Ecorys, commissioned by the Commission, shows that without the extension, Lübeck airport was expected to be loss making:
NSV sporazuma iz leta 2000 z družbo Ryanair je bila ocenjena na […] EUR.
Figure 2
Zato se je pričakovalo, da bo donosen.
Low case NPV (90 % equity value) & purchase price
Komisija ugotavlja, da je družba Oxera za izračun števila potnikov, prihodkov iz letalskih dejavnosti in stroškov trženja uporabila predhodno razpoložljive podatke, vendar njena ocena prihodkov iz neletalskih dejavnosti in operativnih stroškov temelji na naknadnih podatkih.
Under these circumstances, Infratil would have been expected to exercise the put option.
Družba Oxera je navedla, da ni imela dostopa do predhodnih napovedi prihodkov iz neletalskih dejavnosti in operativnih stroškov.
Purchase Price I therefore constitutes a merely symbolic price, secured by an exit strategy for Infratil to reverse the transaction.
Komisija ugotavlja, da se lahko pri presoji, ali je bil tak sporazum v skladu z načelom udeleženca v tržnem gospodarstvu, uporabljajo le prihodki in stroški, ki jih je letališče pričakovalo predhodno, v času, ko je sklenilo sporazum z zadevnim letalskim prevoznikom.
As in this scenario the operation of the airport would not be profitable, the Commission concludes that the positive price of EUR […] complies with the market conditions and that no economic advantage was granted to Infratil.
Ocena, ki deloma temelji na naknadnih podatkih, pa se lahko uporabi v podporo potrjevanju predpostavk, na podlagi katerih so se predhodno določili pričakovani prihodki in stroški.
The put option price of EUR […] (to be paid by Hansestadt Lübeck) mainly consists of payments for shareholder loans, investments, operating losses, and the costs for the planning approval process — costs which Hansestadt Lübeck would have had to cover without the privatisation of the airport.
Dejansko so predhodni podatki, ki jih je družba Oxera rekonstruirala glede prihodkov iz letalskih dejavnosti ([…] EUR), nekje med predhodno pričakovanimi prihodki iz letalskih dejavnosti, ki jih je družba FLG posredovala Nemčiji za najboljši primer ([…] EUR) in najslabši primer ([…] EUR).
Considering the different components of the price, the put option would be equivalent to undoing the agreement, reversing the original transaction.
Predhodni podatki, ki jih je rekonstruirala družba Oxera glede stroškov trženja ([…] EUR), so celo nižji, kot jih je posredovala Nemčija: družba FLG je pričakovala predhodne stroške trženja v višini […] EUR v najboljšem primeru in […] EUR v najslabšem primeru.
The Commission further notes that the takeover of operating losses is limited to EUR […].
To pomeni, da so bila predhodna pričakovanja družbe FLG dovolj konzervativna.
However, it can be concluded from the losses of the airport in the years prior to the privatisation that Infratil must have been aware that the actual losses would exceed this limit by far, in the case where Lübeck airport would not grow as expected.
To pomeni, da bi udeleženec v tržnem gospodarstvu sklenil sporazum, saj je s predhodnega vidika postopno prispeval k donosnosti letališča.
Table 10
Podobno se lahko sporazum iz leta 2000 glede na očiten pozitiven prispevek prav tako šteje za del izvajanja splošne strategije, ki vodi k donosnosti, vsaj z dolgoročnega vidika.
FLG losses 1995-2010 in EUR (thousand)
Sporazum iz leta 2000 med družbama FLG in Ryanair zato ne pomeni gospodarske prednosti, ki je družba Ryanair ne bi pridobila pod običajnimi tržnimi pogoji.
Year
Zato ne pomeni državne pomoči v smislu člena 107(1) Pogodbe.
Losses of FLG in EUR (thousand)
Ta ugotovitev nikakor ne posega v presojo, ali so sporazumi iz leta 2010 vključevali državno pomoč družbi Ryanair.
2006 (1 January-31 March)
PRISTOJBINE ZA RAZLEDENITEV LETAL
When extrapolating the increase of the losses from the three years before the privatisation (2002-2004), losses of more than EUR […] could be expected for the period between 1 October 2005 and 31 December 2008.
Selektivnost
Even if the losses from the year prior to the privatisation were assumed to remain constant, losses of EUR […] couldhave been expected.
Ukrep državne pomoči spada v področje uporabe člena 107(1) PDEU, če daje prednost „posameznim podjetjem ali proizvodnji posameznega blaga“.
Therefore, in the case of a resale of the shares, and taking into consideration that Hansestadt Lübeck would take over EUR […] of losses, Infratil could have reasonably known that it would have to carry additional losses of between EUR […] and EUR […].
Zato se lahko za državno pomoč štejejo le ukrepi v korist podjetjem, s katerimi je prednost dodeljena selektivno.
This estimation is supported by ex post data, according to which the airport had accumulated losses amounting to EUR […] in the period in question.
V skladu s sodno prakso evropskih sodišč je treba preučiti, ali v okviru nekega pravnega sistema („referenčni sistem“) nacionalni ukrep daje prednost „posameznim podjetjem ali proizvodnji posameznega blaga“ v primerjavi z drugimi, ki so v primerljivem dejanskem in pravnem položaju glede na cilj, ki se poskuša doseči z zadevnim ukrepom.
It is clear that a private seller would not have been able to negotiate a more favourable put option price.
Ukrep, ki razlikuje med podjetji v primerljivem položaju, bi bil selektiven prima facie.
The Commission therefore concludes that Hansestadt Lübeck acted like a MEO when negotiating the put option and that no economic advantage was granted to Infratil.
Če ukrep, ki je selektiven prima facie, utemeljuje narava ali splošna shema sistema, se ne bo obravnaval kot selektiven in torej ne bo spadal v področje uporabe člena 107(1) PDEU [75].
Purchase Price II (EUR […])
Komisija mora zato opraviti analizo v treh korakih: najprej je treba določiti referenčni sistem.