natgillin/translations-raw huggingface dataset:
Thus given the reasonable possibility of Infratil exercising the put option and the corresponding risk of high losses, the Commission assumes that a private shareholder would not have been able to negotiate a higher purchase price, as the deal would otherwise not have been profitable for a potential investor.
Avtalet från 2000 mellan Ryanair och Lübecks flygplats möjliggör inte statligt stöd i den mening som avses i artikel 107.1 i fördraget om Europeiska unionens funktionssätt.
The Commission therefore regards Hansestadt Lübeck's decision to accept a sales price of EUR […] with the agreed deductions as specified in the 2005 Participation Agreement to be economically sound.
Artikel 4
This result corresponds to the findings of the Ernest & Young study, which estimates the revenues from the sale of the shares in FLG at about EUR […] and therefore concludes that the agreed price would have been accepted by a private investor in a comparable situation.
Avgifterna för avisning av flygplan utgör inte statligt stöd i den mening som avses i artikel 107.1 i fördraget om Europeiska unionens funktionssätt.
The Ecorys study estimates a much higher market value for the shares of about EUR […].
Artikel 5
However, the study does not consider the high financial risks for Infratil when exercising the put option as outlined in recitals 247 and 248.
Detta beslut riktar sig till Förbundsrepubliken Tyskland.
The varying numbers used for the calculation with regard to investments/CAPEX further contribute to a different risk assessment of both studies.
På kommissionens vägnar
In the light of these considerations, the Commission concludes that Purchase Price II as specified in the 2005 Participation Agreement complies with the market conditions and that no economic advantage has been granted to Infratil.
EUT C 287, 29.11.2007, s. 27.
Conclusion on the overall profitability of the deal
EUT C 295, 7.12.2007, s. 29, och EUT C 241, 10.8.2012, s. 56.
It follows from the assessment of the measure set out above that Hansestadt Lübeck was faced with the decision to either close the airport, to continue its loss-making operation or to sell Lübeck airport.
Infratil är ett nyzeeländskt finansiellt holdingföretag som investerar i infrastruktur för energi, flygplatser och kollektivtrafiksektorn.
Hansestadt Lübeck chose the most economic option available when deciding to sell the airport.
Infratil ägde och drev bl.a. följande flygplatser: Wellington International Airport, Nya Zeeland, samt Glasgow Prestwick Airport och Kent International Airport, Förenade kungariket.
When assessing the concrete terms of the 2005 Participation Agreement, the interrelation of the two scenarios (i.e. Purchase Price I and the put option and Purchase Price II) needs to be taken into account.
Företaget har numera avyttrat sina innehav i europeiska flygplatser.
As it has been found that it was reasonable from an ex ante perspective to consider both the payment of Purchase Price II and the exercise of the put option as possible, the risks for both parties resulting from this have to be considered.
Ryanair är ett irländskt flygbolag och medlem av lågprisbolagens intresseorganisation ELFAA (European Low Fares Airlines Association).
Especially with regard to the potential financial losses of Infratil resulting from the exercise of the put option, the Commission considers it unlikely that a private seller in the stead of Hansestadt Lübeck would have been able to negotiate a more favourable agreement.
Flygbolagets verksamhet var koncentrerad till mindre, regionala flygplatser.
The Commission therefore concludes that Hansestadt Lübeck acted like a MEO when negotiating the 2005 Participation Agreement.
Flygbolaget trafikerar för närvarande ungefär 160 europeiska destinationer.
As a result, the measure did not grant Infratil any economic advantage and did not constitute State aid.
Ryanair har en homogen flotta bestående av 272 flygplan av typen Boeing 737–800 med 189 platser.
The 2009 Additional Agreement and the renegotiation of the put option — Takeover of losses, investments and other costs of FLG in 2009
När 2007 års beslut om att inleda förfarandet antogs genomförde Ryanair 23 flygningar i veckan från Lübecks flygplats till fem olika europeiska destinationer: London-Stansted (Förenade kungariket), Milano-Bergamo och Pisa (Italien), Palma de Mallorca (Spanien) samt Stockholm-Skavsta (Sverige).
As stated above, the 2009 Additional Agreement signed on 12 November 2008 did not modify the amounts payable for the put option under the 2005 Participation Agreement, but included the takeover of losses, agreed investments and other costs related to the operation of Lübeck airport in 2009, resulting in a total put option price of EUR […] (see recital 90).
EUT C 295, 7.12.2007, s. 29.
In its 2012 Opening decision, the Commission had opened investigations into two separate measures:
Peter C. Klanowski och Horst Conrad.
the takeover of losses, investments and other measures of FLG in 2009,
Rådets förordning (EG) nr 659/1999 av den 22 mars 1999 om tillämpningsföreskrifter för artikel 93 i EG-fördraget [numera artikel 108 i EUF-fördraget] (EGT L 83, 27.3.1999, s. 1.)
the difference between the put option price agreed in 2005 and the actual put option price paid.
Meddelande från kommissionen – Riktlinjer för statligt stöd till flygplatser och flygbolag (EUT C 99, 4.4.2014, s. 3.)
However, on the basis of the information received, the Commission finds that these two issues concern the same measure, namely the 2009 Additional Agreement between Hansestadt Lübeck and Infratil.
EUT C 113, 15.4.2014, s. 30.
To determine whether the put option price under the 2009 Agreement included an economic advantage for Infratil, the Commission needs to apply the MEO test.
Vad gäller allmänhetens deltagande och rätten till rättslig prövning utgör SGF en icke-statlig organisation i enlighet med Europaparlamentets och rådets direktiv 2003/35/EG av den 26 maj 2003 om åtgärder för allmänhetens deltagande i utarbetandet av vissa planer och program avseende miljön och om ändring, med avseende på allmänhetens deltagande och rätt till rättslig prövning, av rådets direktiv 85/337/EEG och 96/61/EG (EUT L 156, 25.6.2003, s. 17).
In order to be able to determine whether Hansestadt Lübeck chose the financially most advantageous option available, the Commission has to place itself in the position of a private shareholder at the time when the agreement was signed [56].
Innan förfarandet inleddes hade åtgärderna i ärendena CP 31/2009 (SA.27585) och CP 162/2010 (SA.31149) undersökts.
The Commission finds that after Infratil announced its intention to exercise its put option in 2009, Hansestadt Lübeck was faced with the following options:
EUT C 241, 10.8.2012, s. 56.
close the airport;
Arbeitsgemeinschaft Deutscher Verkehrsflughäfen (Bundesverband der deutschen Verkehrsflughäfen).
search for a new private operator and meanwhile
Yasmina var ett helägt dotterbolag till 3 Y Logistic und Projektbetreuung GmbH (nedan kallat 3Y), ett investeringsbolag ägt av en fysisk person, närmare bestämt Saudis Adel Mohammed Saleh M. Alghanmi.
resume the operation of the airport; or
Yasmina hade bildats för köpet och driften av Lübecks flygplats.
The option of closing the airport (option a) would have required Hansestadt Lübeck to pay the put option price of EUR […] (see recital 238) immediately and to initiate the procedure for closing the airport, facing additional costs (see the Berenberg study, presented in Table 9).
Domstolens dom av den 21 december 2016, kommissionen mot Hansestadt Lübeck, C-524/14 P, ECLI:EU:C:2016:971.
In the first subscenario of option b (Hansestadt Lübeck resumes operation of the airport until a new private investor is found), Hansestadt Lübeck would have had to pay the put option price to Infratil laid down in the 2005 Participation Agreement and to cover all costs arising from the operation of the airport until a new investor would be found.
Se webbplatsen för Lübecks flygplats: http://www.flughafen-luebeck.de/images/02-unternehmen/06-zahlen_fakten_daten/02-monatsstatistik/ab2000.pdf (läget den 22 maj 2015).
Deriving from the put option price paid in 2009 (see Table 3), the costs for operating losses, investment, the planning approval process and legal costs alone would have amounted to EUR […].
Bürgerschaft der Hansestadt Lübeck består av representanter för stadens medborgare.
Therefore, already by October 2009, Hansestadt Lübeck would have faced costs of approximately EUR […] (put option price according to 2005 Participation Agreement plus operating costs for November 2008 to October 2009).
EUT S 156–261107, 16.8.2012 (http://ted.europa.eu/udl?uri=TED:NOTICE:261107-2012:TEXT:EN:HTML&tabId=1).
Germany submitted that a resale of FLG to a new private investor would have required a new Union wide tender procedure, which is estimated to take a minimum of 12 months.
Kommissionens beslut av den 19 januari 2005 i ärende N644i/2002 – Tyskland – Utveckling av den kommunala ekonomiska infrastrukturen enligt del II, avsnitt 7 i ramplanen inom det gemensamma federala/delstatliga programmet för att förbättra regionala ekonomiska strukturer i) Upprättande eller utbyggnad av regionala flygplatser (EUT C 126, 12.5.2005, s. 10).
The Commission notes that a private operator would indeed have taken into account the estimated duration of the tender procedure.
Planbeslutet för utveckling av Lübecks flygplats av den 20 januari 2005, som omfattade flera infrastrukturåtgärder, överklagades till domstol av olika parter.
In this scenario, assuming that Infratil would exercise its put option in October 2009, Hansestadt Lübeck would have had to pay the put option price under the 2009 Additional Agreement.
Till följd av dessa avgöranden avslogs planbeslutet.
As this price consists of the put option price of the 2005 Participation Agreement and additional costs relating to the operation of the airport in 2009, the potential costs for Hansestadt Lübeck are comparable to those of the second scenario.
Konfidentiell information.
The 2009 Additional Agreement had however an advantage for HL in so far as it provided Hansestadt Lübeck with the time to prepare a tender to find a new investor.
Tillämpning av artiklarna 2 och 93 i EG-fördraget och artikel 61 i EES-avtalet på statligt stöd inom luftfartssektorn (EGT C 350, 10.12.1994, s. 5).
Furthermore, the immediate departure of Infratil carried the risk of causing Ryanair to reduce its services at Lübeck airport, and thereby to potentially enlarge future operating losses.
Domstolens dom av den 16 maj 2002, Frankrike mot kommissionen (”Stardust Marine”) C-482/99, ECLI:EU:C:2002:294.
In the light of these considerations, the Commission concludes that signing the 2009 Additional Agreement was the most advantageous option available and that Hansestadt Lübeck therefore acted like a MEO.
Domstolens dom av den 24 juli 2003, C-280/00 Altmark Trans GmbH och Regierungspräsidium Magdeburg mot Nahverkehrsgesellschaft Altmark GmbH, C-280/00, ECLI:EU:C:2003:415.
In view of the comparison of the different options and the related costs, it can be concluded that the 2009 Additional Agreement was in line with the MEO principle, since it constituted the least financially burdensome and most economically forward looking option at the time.
Oxera-rapporten Economic MEOP assessment: Lübeck airport, 6.2.2015.
This has proven to be true from an ex post perspective, since a new investor was only found in 2012.
Förstainstansrättens dom av den 17 december 2008, Ryanair mot kommissionen (Charleroi T-196/04 ECLI:EU:T:2008:585.
Like the 2005 Participation Agreement, the 2009 Additional Agreement also contains a limit for the operating losses and investment costs to be paid by Hansestadt Lübeck.
Domstolens dom av den 8 maj 2003, Italien och SIM 2 Multimedia mot kommissionen, C-328/99 och C-399/00, ECLI:EU:C:2003:252; Kommissionens beslut av den 17 september 2008, statligt stöd nr N 321/2008, N 322/2008 och N 323/2008 – Grekland – försäljning av vissa av Olympic Airways Services/Olympic Airlines tillgångar (EUT C 18, 23.1.2010, s. 9); kommissionens beslut av den 12 november 2008, statligt stöd nr N 510/2008 – Italien – försäljning av Alitalias tillgångar (EUT C 46, 25 februari 2009, s. 6); kommissionens beslut av den 4 april 2012, SA.34547 – Frankrike – övertagande av Sernamkoncernens tillgångar inom ramen för dess rekonstruktionsförfarande (EUT C 305, 10.10.2012, s. 5).
On the basis of those considerations, the Commission concludes that there was no economic advantage granted to Infratil and thus the measure did not constitute State aid.
Tribunalens dom av den 28 mars 2012 i mål T-123/09, Ryanair Ltd mot kommissionen, ECLI:EU:T:2012:164.
Economic advantage
Tribunalens dom av den 28 mars 2012 i mål T-123/09, Ryanair Ltd mot kommissionen, ECLI:EU:T:2012:164, punkt 156.
Where an airport has public resources at its disposal, aid to an airline can, in principle, be excluded where the relationship between the airport and the airline satisfies the MEO test.
Rådets direktiv 2001/23/EG av den 12 mars 2001 om tillnärmning av medlemsstaternas lagstiftning om skydd för arbetstagares rättigheter vid överlåtelse av företag, verksamheter eller delar av företag eller verksamheter (EGT L 82, 22.3.2001, s. 16).
Under the 2014 Aviation Guidelines [57], the existence of aid to an airline using a particular airport can, in principle, be excluded if the price charged for the airport services corresponds to the market price (‘first approach’), or if it can be demonstrated through an ex ante analysis — that is to say one founded on information available when the aid is granted and on developments foreseeable at the time — that the airport/airline arrangement will lead to a positive incremental profit contribution for the airport and is part of an overall strategy leading to profitability at least in the long term (‘second approach’).
BGB, 18.8.1896, 613a § 242.
The second approach means that it must be assessed whether, at the date when an agreement was concluded, a prudent market economy operator would have expected the agreement to be incrementally profitable.
Med ”due diligence-förfarande” avses i regel en detaljerad företagsbesiktning som köparen gör med syftet att eventuellt genomföra en koncentration, ett övertagande, en privatisering eller en jämförbar rättshandling.
This to be measured by the difference between the incremental revenues expected to be generated by the agreement (that is, the difference between the revenues that would be achieved if the agreement were concluded and the revenues that would be achieved in the absence of the agreement) and the incremental costs expected to be incurred as a result of the contract (that is, the difference between the costs that would be incurred if the agreement were concluded and the costs that would be incurred in the absence of the agreement), the resulting cash flows being discounted with an appropriate discount rate.
Kommissionens tillkännagivande om begreppet statligt stöd som avses i artikel 107.1 i fördraget om Europeiska unionens funktionssätt (EUT C 262, 19.7.2016, s. 1, punkt 94).
As regards the first approach (a comparison with the ‘market price’), the Commission does not consider that, at the present time, an appropriate benchmark can be identified to establish a true market price for services provided by airports [58].
Tribunalens dom av den 13 september 2010, Grekland mot kommissionen, T-415/05, ECLI:EU:T:2010:386, punkt 146.
It therefore considers an ex ante incremental profitability analysis to be the most relevant approach for the assessment of arrangements concluded by airports with individual airlines.
Se föregående.
It should be noted that, in general, the application of the MEO principle based on an average price on other, similar markets may prove helpful if such a price can be reasonably identified or deduced from other market indicators.
Enligt EU-domstolen kan ekonomisk irrationalitet tyda på ekonomisk kontinuitet.
Moreover, the liberalisation of the air transport market complicates any purely comparative analysis.
I, s.
As can be seen in this case, commercial practices between airports and airlines are not always based exclusively on a published schedule of charges.
2866), senast ändrad genom 16 § i lagen av den 20 november 2015 (BGBl.
Rather, these commercial relations vary to a great extent.
I, s.
They include sharing risks with regard to passenger traffic and any related commercial and financial liability, standard incentive schemes and changing the spread of risks over the term of the agreements.
2010).
Consequently, one transaction cannot really be compared with another based on a turnaround price or price per passenger.
Se kommissionens beslut av den 27 februari 2008 om statligt stöd C 46/07 (ex NN 59/07) som Rumänien har beviljat företaget Automobile Craiova (tidigare Daewoo România) (EUT L 239, 6.9.2008, s. 12).
In addition, benchmarking is not an appropriate method to establish market prices if the available benchmarks have not been defined with regard to market considerations or the existing prices are significantly distorted by public interventions.
Domstolens dom av den 29 april 1999, Konungariket Spanien mot kommissionen, C-342/96, ECLI:EU:C:1999:210, punkt 41; domstolens dom av den 11 juli 1996, Syndicat français de l'Express international (SFEI) m.fl. mot La Poste m.fl., C-39/94, ECLI:EU:C:1996:285.
Such distortions appear to be present in the aviation industry, for reasons explained in paragraphs 57 to 59 of the 2014 Aviation Guidelines:
Se t.ex. förstainstansrättens dom av den 12 december 2000, Alitalia mot kommissionen, T-296/97, ECLI:EU:T:2000:289; förstainstansrättens dom av den 6 mars 2003, WestLB mot kommissionen, T-228/99 och T-233/99, ECLI:EU:T:2003:57; förstainstansrättens dom av den 29 mars 2007, Scott SA mot kommissionen, T-366/00, ECLI:EU:T:2007:99; domstolens dom av den 8 maj 2003, Italienska republiken och SIM 2 Multimedia SpA mot kommissionen, C-328/99 och C-399/00, ECLI:EU:C:2003:252; förstainstansrättens dom av den 12 december 1996, Air France mot kommissionen, T-358/94, ECLI:EU:T:1996:194.
‘Publicly owned airports have traditionally been considered by public authorities as infrastructures for facilitating local development and not as undertakings operating in accordance with market rules.
Den 23:e rapporten om konkurrenspolitiken, 1993, s. 255.
Those airports' prices consequently tend not to be determined with regard to market considerations and in particular sound ex ante profitability prospects, but essentially having regard to social or regional considerations.
Kommissionens beslut av den 19 juni 2013, SA.36197 (13/N) – Portugal – Privatisering av ANA – Portugisiska flygplatser, C(2013) 3546 final (EUT C 256, 5.9.2013, s. 3).
In those circumstances, the Commission has strong doubts that at the present time, an appropriate benchmark can be identified to establish a true market price for services provided by airports.
Domstolens dom av den 16 maj 2002, Frankrike mot kommissionen (nedan kallat Stardust Marine), C-482/99, ECLI:EU:C:2002:294 punkt 71.
Ryanair essentially argued that the MEO test can be applied based on a comparison with the commercial arrangements of other European airports.
Se 2014 års luftfartsriktlinjer, punkt 59.
In particular, it compared charges paid by Ryanair at Bournemouth, Grenoble, Knock, Maastricht, Nîmes and Prestwick airports with the charges paid by Ryanair under the agreements at Lübeck airport.
Se kommissionens beslut 2011/60/EU av den 27 januari 2010 om statligt stöd C 12/2008 – Slovakien – Avtal mellan Bratislava flygplats och Ryanair, punkterna 88 och 89 (EUT L 27, 1.2.2011, s. 24.).
The study did not assess whether the sample of benchmark airports fulfilled all the criteria spelled out in the 2014 Aviation guidelines, as it only assessed traffic volumes, type of airport traffic and prosperity of the surrounding area [62].
Se 2014 års luftfartsriktlinjer, punkterna 57–59.
In its 2012 Opening decision, the Commission compared the charges laid down in the March and October 2010 Side letters with charges at Hamburg airport, which led to doubts as to the market conformity of the charges laid down in the Side letters.
Vad gäller tillämpning av referenstaxor med avseende på lönsamheten (till skillnad från prisbildning) i branschen, se tribunalens dom av den 3 juli 2014, Spanien och Cuidad de la Luz mot kommissionen i de förenade målen T-319/12 och T-321/12, ECLI:EU:T:2014:604, punkt 44.
The Commission notes that traffic volume in Lübeck is much lower than in Hamburg airport.
Ytterligare indikatorer: se 2014 års luftfartsriktlinjer, punkt 60.
In fact, Hamburg is the airport with the most traffic in Northern Germany.
Se 2014 års luftfartsriktlinjer, punkterna 59 och 63.
Hamburg is used for all segments of air transport, whereas Lübeck was specialised in low cost carriers which required fewer check-incounters and facilities for transfer passengers, no passenger busses, less luggage handling personnel and facilities, less cleaning personnel, and allowed for a shorter circulation time.
Se 2014 års luftfartsriktlinjer, punkt 63.
In addition to those considerations, the airport infrastructure must be open to all airlines and not dedicated to a specific airline in order to exclude that the advantage resulting from compatible aid to the airport operator is passed on to a specific airline.
NN 36/07) som Italien har genomfört till förmån för Società di Gestione dell'Aeroporto di Alghero So.Ge.A.AL SpA och olika lufttrafikföretag som är verksamma vid Algheros flygplats (EUT L 250, 25.9.2015, s. 38); kommissionens beslut (EU) 2016/2069 av den 1 oktober 2014 om de åtgärder SA.14093 (C 76/2002) som Belgien har genomfört till förmån för Brussels South Charleroi Airport och Ryanair (EUT L 325, 30.11.2016, s. 63).
The Commission also notes in this context that price differentiation is a standard business practice.
Förstainstansrättens dom av den 17 december 2008, Ryanair mot kommissionen, T-196/04, ECLI:EU:T:2008:585, punkt 59.
Such differentiated pricing policies should, however, be commercially justified.
Domstolens dom av den 21 mars 1991, Italien mot kommissionen (Alfa Romeo), C-305/89, ECLI:EU:C:1991:142.
The Commission considers that arrangements concluded between airlines and an airport can be deemed to satisfy the MEO test when they incrementally contribute, from an ex ante point of view, to the profitability of the airport.
Rapporten nämndes ovan under punkt 7.3.1.1 i samband med lönsamheten för avtalet mellan Lübecks stad och Infratil.
The airport should demonstrate that, when setting up an arrangement with an airline (for example, an individual contract or an overall scheme of airport charges), it is capable of covering all costs stemming from the arrangement, over the duration of the arrangement, with a reasonable profit margin on the basis of sound medium-term prospects [64].
Se kommissionens beslut (EU) 2015/1226 av den 23 juli 2014 om det statliga stöd SA.33963 (2012/C) (f.d.
In order to assess whether an arrangement concluded by an airport with an airline satisfies the MEO test, expected non-aeronautical revenues stemming from the airline's activity must be taken into consideration together with airport charges, net of any rebates, marketing support or incentive schemes.
2012/NN) som Frankrike har genomfört till förmån för Chambre de Commerce et d'Industrie d'Angoulême, SNC-Lavalin, Ryanair och Airport Marketing Services (EUT L 201, 30.7.2015, s. 48).
Similarly, all expected costs incrementally incurred by the airport in relation to the airline's activity at the airport have to be taken into account.
[73] Kommissionens beslut (EU) 2015/1584 av den 1 oktober 2014 om det statliga stöd SA.23098 (C 37/07) (f.d.
Such incremental costs may encompass all categories of expenses or investments, such as incremental personnel, equipment and investment costs induced by the presence of the airline at the airport [65].
NN 36/07) som Italien har genomfört till förmån för Società di Gestione dell'Aeroporto di Alghero So.Ge.A.AL SpA och olika lufttrafikföretag som är verksamma vid Algheros flygplats (EUT L 250, 25.9.2015, s. 38).