Commission Decision (EU) 2025/775 of 29 April 2024 on the State aid SA.59344 – 20... (32025D0775)
Commission Decision (EU) 2025/775 of 29 April 2024 on the State aid SA.59344 – 2021/C (ex 2021/N, ex 2020/PN) – Restructuring aid to TAROM (notified under document C(2025) 2968)
- COMMISSION DECISION (EU) 2025/775
- of 29 April 2024
- on the State aid SA.59344 – 2021/C (ex 2021/N, ex 2020/PN) – Restructuring aid to TAROM
- (notified under document C(2025) 2968)
- (Only the English text is authentic)
- (Text with EEA relevance)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION OF THE MEASURES
- 2.1.
- The beneficiary
- 2.2.
- The background of the measures
- 2.2.1.
- The rescue aid
- 2.2.2.
- The financial difficulties of TAROM
- 2.3.
- The restructuring aid measures
- 2.4.
- The initial restructuring plan for TAROM
- 2.5.
- Reasons for initiating the formal investigation procedure
- 2.5.1.
- Appropriateness of aid
- 2.5.2.
- Own contribution
- 2.5.3.
- Burden sharing
- 2.5.4.
- Restoration of long-term viability and restructuring within a reasonable timescale
- 2.5.5.
- Presence and effectiveness of meaningful measures to limit distortions of competition
- 3.
- OBSERVATIONS OF ROMANIA
- 4.
- COMMENTS FROM THE THIRD PARTY
- 5.
- OBSERVATIONS OF ROMANIA ON THE COMMENTS FROM THE THIRD PARTY
- 6.
- THE UPDATED RESTRUCTURING PLAN
- 6.1.
- Alternative scenario without the aid
- 6.2.
- Restructuring measures
- 6.2.1.
- Fleet renewal
- 6.2.2.
- Commercial optimisation
- 6.2.3.
- Organisational efficiency
- 6.2.4.
- Cost optimisation
- 6.3.
- Financing of the restructuring plan
- 6.3.1.
- Restructuring costs
- 6.3.2.
- Sources of financing of the restructuring measures
- (a)
- Public funding
- (b)
- Own contribution
- (c)
- Other expected sources of revenues
- 6.3.3.
- Burden sharing
- 6.4.
- Financial projections
- Figure 1
- Scenarios for (Romania specific) air passenger demand recovery (index 2019 = 100)
- 6.5.
- Measures to limit distortions of competition
- 6.5.1.
- Structural measures
- 6.5.2.
- Behavioural measures
- 6.6.
- Effects of TAROM’s market exit
- 6.7.
- Commitments provided by Romania
- 6.8.
- Complaint by Wizz Air Malta
- 6.9.
- Romania’s observations on the complaint by Wizz Air Malta
- 7.
- ASSESSMENT OF THE RESTRUCTURING AID MEASURES
- 7.1.
- Existence of State aid
- 7.1.1.
- State resources and imputability to the State
- 7.1.2.
- Advantage
- 7.1.3.
- Selectivity
- 7.1.4.
- Distortion of competition and effect on trade
- 7.1.5.
- Conclusion on the existence of State aid
- 7.2.
- Lawfulness of the restructuring aid measures
- 7.3.
- Compatibility of the aid with the internal market
- 7.3.1.
- Eligibility: sectoral scope and undertaking in difficulty
- 7.3.2.
- The aid facilitates the development of certain economic activities or certain economic areas
- 7.3.2.1.
- Prevention of social hardship or market failure contributing to the development of an economic activity or area
- 7.3.2.2.
- Restructuring plan and return to long-term viability
- Figure 2
- Load factor
- (89)
- for the top five airlines active in Romania (%, 2019-2023 estimate)
- Figure 3
- Evolution of TAROM’s capacity and regulated flights
- (91)
- Figure 4
- Chart from IATA’s Jet Fuel Price Monitor web page as of 15 December 2023 (
- https://www.iata.org/en/publications/economics/fuel-monitor/
- )
- Figure 5
- Chart from IATA’s Jet Fuel Price Monitor web page as of April 2024 (
- https://www.iata.org/en/publications/economics/fuel-monitor/
- )
- Figure 6
- Outcome of the sensitivity analyses on the level of TAROM’s equity position and net income
- (108)
- (YE 2026) in the case of a sale of the […] slot
- 7.3.3.
- Effect on competition and trading conditions between Member States
- 7.3.3.1.
- Necessity and incentive effect of the aid
- 7.3.3.2.
- Appropriateness of the aid
- 7.3.3.3.
- Proportionality
- 7.3.3.4.
- ‘One time, last time’ principle
- 7.3.3.5.
- Measures limiting distortions of competition
- 7.3.3.6.
- Transparency and reporting
- 7.3.3.7.
- Balancing positive and negative effects
- 7.4.
- The assessment of the complaint submitted by Wizz Air Malta
- 7.5.
- Conclusion on compatibility
- 8.
- CONCLUSION
- Article 1
- Article 2
- Article 3
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