Commission Decision of 28 August 2009 on State aid C 6/09 (ex N 663/08) — Austria... (32010D0137)
Commission Decision of 28 August 2009 on State aid C 6/09 (ex N 663/08) — Austria Austrian Airlines — Restructuring Plan (notified under document C(2009) 6686) (Text with EEA relevance)
- COMMISSION DECISION
- of 28 August 2009
- on State aid C 6/09 (ex N 663/08) — Austria Austrian Airlines — Restructuring Plan
- (notified under document C(2009) 6686)
- (Only the German text is authentic)
- (Text with EEA relevance)
- (2010/137/EC)
- 1.
- PROCEEDINGS
- 2.
- DESCRIPTION OF THE FACTS
- 2.1.
- Background to the investigation
- 2.2.
- Measures under investigation
- 2.2.1.
- The market price of ÖIAG’s shareholding in Austrian Airlines
- 2.2.2.
- ÖIAG acted as a market economy investor, as any other scenario would have resulted in higher costs
- 2.2.3.
- The restructuring plan submitted for Austrian Airlines
- 3.
- COMMENTS FROM AUSTRIA
- 3.1.
- Conditions imposed on the privatisation
- 3.1.1.
- Preservation of as many jobs as possible
- 3.1.2.
- Keeping the headquarters in Austria
- 3.1.3.
- Ensuring an Austrian core shareholder structure of 25 % plus one share
- 3.1.4.
- Creating a committee to protect Austria’s interests
- 3.2.
- The purchase price corresponds to the market price
- 3.3.
- ÖIAG acted as market economy investor
- 3.3.1.
- Costs relating to the insolvency of Austrian Airlines
- 3.3.2.
- Costs of an orderly winding-up of Austrian Airlines
- 3.3.3.
- Cost to be borne by ÖIAG for restructuring on a stand-alone basis
- 3.3.4.
- Conclusion
- 3.4.
- The restructuring plan for Austrian Airlines
- 3.4.1.
- Austrian Airlines is a company in difficulty
- 3.4.2.
- Cost savings and synergies resulting from the restructuring plan
- 3.4.3.
- The aid amount is reasonable
- 3.4.4.
- Compensatory measures
- 3.4.5.
- Own contribution
- 4.
- COMMENTS FROM THIRD PARTIES
- 4.1.
- Austrian Airlines
- 4.2.
- Lufthansa
- 4.3.
- Ryanair
- 4.4.
- Air France/KLM
- 4.5.
- NIKI
- 4.6.
- Air Berlin
- 4.7.
- Robin Hood Aviation
- 4.8.
- WKO — Die Luftfahrt
- 4.9.
- Wien — konkret
- 4.10.
- Observations received from private individuals
- 5.
- COMMENTS FROM AUSTRIA ON THIRD-PARTY COMMENTS
- 5.1.
- The appropriateness of the process
- 5.2.
- Negative Purchase Price
- 5.3.
- Negative Market Value
- 5.4.
- Alternative scenarios
- 5.5.
- The restructuring plan
- 5.6.
- Replies to other matters raised in the third-party observations
- 6.
- PRESENCE OF AID
- 6.1.
- Legal basis for appraisal of aid
- 6.1.1.
- Evaluation of the sales price of Austrian Airlines
- 6.1.2.
- Application of the ‘market economy investor’ test
- 6.1.3.
- Conclusion
- 7.
- COMPATIBILITY OF THE AID WITH THE COMMON MARKET
- 7.1.
- Compatibility with the common market and possible infringement of internal market rules
- 7.1.1.
- Identity and eligibility of the firm
- 7.1.2.
- Restoration of long-term viability
- 7.1.3.
- Level of own contribution
- 7.1.4.
- Aid must be kept to the minimum
- 7.1.5.
- Compensatory measures
- 7.1.6.
- Additional conditions and commitments
- 7.1.7.
- One time, last time
- Article 1
- Article 2
- Article 3
Feedback