COMMISSION DECISION
of 7 March 2007
State aid C 10/06 (ex N555/05) — Cyprus Airways Public Ltd — Restructuring plan
(notified under document number C (2007) 300)
(Only the Greek version is authentic)
(Text with EEA relevance)
(2008/137/EC)
I. PROCEDURE
II. THE FACTS
III. THE OPENING OF PROCEDURE
IV. COMMENTS RECEIVED DURING THE PROCEDURE
Period |
Sum (CYP million) |
Description |
2006 |
30 |
Repayment of rescue aid |
2006 |
10,6 |
Redundancy payments |
2006 |
2 |
Other redundancy costs |
2006-2008 |
5 |
Working capital for Cyprus Airways |
2006-2008 |
13,5 |
Predicted capital expenditure |
2006-2010 |
10 |
Cash flow deficits |
Total |
71,1 |
|
CYP 000s |
|||||||
|
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
Total revenues |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Total costs |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Operating Result |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Profit (loss) before tax |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
Overall Cyprus traffic (millions) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
CY traffic (millions) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
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CY market shares |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
2004(5) |
2005(6) M |
2006(7) E |
2007 E |
2008 E |
2009 E |
Total flights operated |
[…](8) |
[…] |
[…] |
[…] |
[…] |
[…] |
Passengers carried |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Total income (CYP 000s) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Gross profit (CYP 000s) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Operating profit (loss) (CYP 000s) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Profit (loss) before taxation (CYP 000s) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |