INHALT

2013/150/EU: Commission Decision of 9 January 2012 SA.30584 (C 38/10, ex NN 69/10) on the State aid implemented by Hungary in favour of Malév Hungarian Airlines Zrt. (notified under document C(2011) 9316) Text with EEA relevance

COMMISSION DECISION
of 9 January 2012
SA.30584 (C 38/10, ex NN 69/10) on the State aid implemented by Hungary in favour of Malév Hungarian Airlines Zrt.
(notified under document C(2011) 9316)
(Only the Hungarian text is authentic)
(Text with EEA relevance)
(2013/150/EU)
I.
BACKGROUND AND PROCEDURE
II.
MALÉV AND THE MEASURES CONCERNED
II.1.
The Company
II.2.
The period prior to the 2007 privatisation
II.3.
The 2007 privatisation and Malév under private control
II.3.1.
Sale to AirBridge
II.3.2.
Sale of Malév Ground Handling
II.3.3.
Tax deferral
II.4.
The 2010 renationalisation and Malév under public control
II.4.1.
Reasons leading to the renationalisation of Malév
II.4.2.
February 2010 capital increase: debt-to-equity swap and fresh capital
Figure 1
Development of Malév's equity situation
II.4.3.
May – August 2010: Shareholder's loans and conversion into equity
II.4.4.
September 2010: A further capital increase and shareholder loan
III.
SUMMARY OF THE MEASURES UNDER INVESTIGATION
IV.
COMMENTS FROM HUNGARY
V.
COMMENTS FROM INTERESTED PARTIES
VI.
HUNGARY'S COMMENTS TO THE OBSERVATIONS OF INTERESTED PARTIES
VII.
PRESENCE OF AID IN THE MEANING OF ARTICLE 107(1) TFEU
VII.1.
General
VII.2.
Assessment of the totality of measures
VII.3.
Assessment of measures 1-8 individually
VII.3.1.
Measure 1
VII.3.2.
Measure 2
VII.3.3.
Measure 3
VII.3.4.
Measure 4
VII.3.5.
Measures 5-8
VII.4.
Conclusion on the presence of State aid
VII.5.
Compatibility of the Aid with the Internal Market
VIII.
RECOVERY
VIII.1.
General
VIII.2.
Aid element in the individual measures
VIII.2.1.
Measure 1
VIII.2.2.
Measure 2
VIII.2.3.
Measure 3
VIII.2.4.
Measure 4
VIII.2.5.
Measure 5
VIII.2.6.
Measure 6
VIII.2.7.
Measure 7
VIII.2.8.
Measure 8
IX.
CONCLUSION
Article 1
Article 2
Article 3
Article 4
Article 5
Article 6