2011/97/EC: Commission Decision of 14 September 2005 — State aid measure C 11/04 ... (32011D0097)
2011/97/EC: Commission Decision of 14 September 2005 — State aid measure C 11/04 (ex NN 4/03) — Olympic Airways — Restructuring and privatisation (notified under document C(2005) 2706) Text with EEA relevance
- COMMISSION DECISION
- of 14 September 2005
- State aid measure C 11/04 (ex NN 4/03) — Olympic Airways — Restructuring and privatisation
- (notified under document C(2005) 2706)
- (Only the Greek text is authentic)
- (Text with EEA relevance)
- (2011/97/EC)
- 1.
- PROCEDURE
- 2.
- THE FACTS
- 2.1.
- PAST COMMISSION DECISIONS REGARDING OLYMPIC AIRWAYS AND ITS SUBSIDIARIES
- 3.
- THE INITIATION OF THE PROCEDURE
- 3.1.
- THE COMPANY’S CONTINUED FAILURE TO PAY TAX AND SOCIAL SECURITY CONTRIBUTIONS
- 3.2.
- THE STRUCTURAL REORGANISATION OF THE COMPANY
- 3.3.
- THE ‘ADVANCE’ OF EUR 130 312 450 TO OLYMPIC AIRWAYS
- 3.4.
- SPATOSIMO AND PAYMENTS TO AIA
- 4.
- COMMENTS RECEIVED DURING THE PROCEDURE
- 4.1.
- THE GREEK AUTHORITIES’ INITIAL COMMENTS
- 4.2.
- COMMENTS SUBMITTED BY THIRD PARTIES
- 4.2.1. AEGEAN AIRLINES
- 4.2.2. RYANAIR
- 4.3.
- GREECE’S REPLY TO THIRD-PARTY COMMENTS
- 4.3.1. AEGEAN AIRLINES’ COMMENTS
- 4.3.2 RYANAIR’S COMMENTS
- 4.4.
- COMMENTS SUBMITTED BY GREECE FOLLOWING RECEIPT OF THE LETTER GIVING FORMAL NOTICE OF A SUSPENSION INJUNCTION
- 4.5.
- COMMENTS SUBMITTED BY GREECE FOLLOWING THE JUDGMENT IN CASE C-415/03 COMMISSION V GREECE
- 5.
- RESULTS OF THE EXPERT STUDY REQUESTED BY THE COMMISSION
- 5.1.
- EXPERT CONCLUSIONS RELATIVE TO THE RESTRUCTURING
- 5.2.
- EXPERTS’ CONCLUSION ON OLYMPIC AIRWAYS (OLYMPIC AIRWAYS SERVICES) AFTER RESTRUCTURING
- 5.2.1. OLYMPIC AIRWAYS’ (‘OLYMPIC AIRWAYS SERVICES’) TAX AND SOCIAL SECURITY SITUATION
- 5.2.2. THE EUR 130 312 459 TRANSFERRED TO OLYMPIC AIRWAYS (OLYMPIC AIRWAYS SERVICES)
- 5.2.3. REPAYMENT BY GREEK STATE OF PART OF ABN AMRO BANK LOAN TO OLYMPIC AIRWAYS
- 5.2.4. FINANCE LEASING OF AIRCRAFT (A340s)
- 5.2.5. DIRECT CASH FUNDING OF OLYMPIC AIRWAYS BY THE STATE
- 5.2.6. OTHER EXPENSES
- 5.3.
- EXPERTS’ CONCLUSIONS ON OLYMPIC AIRLINES AFTER RESTRUCTURING
- 5.3.1. OLYMPIC AIRLINES’ RESULTS IN 2004
- 5.3.2. TAX (INCOME TAX, CORPORATION TAX, SOCIAL SECURITY AND VAT)
- 5.3.3. AIRCRAFT
- 5.3.3.1.
- Operating leases
- 5.3.3.2.
- Finance leases
- 5.3.4. SPATOSIMO
- 5.3.5. CHARGES PAID BY OLYMPIC AIRLINES TO OLYMPIC AIRWAYS SERVICES FOR GROUND HANDLING AND TECHNICAL SUPPORT
- 5.3.6. AIA CHARGES
- 6.
- ASSESSMENT OF THE AID
- 6.1.
- LEGAL BASIS OF THE ASSESSMENT
- 6.2.
- EXISTENCE OF AID
- (i) What was the nature of the restructuring of the Olympic Airways group carried out in December 2003?
- (ii) Has Olympic Airlines received State aid since it was established?
- (iii) What was the status of the cash ‘advance’ from the special account provided for under Law 3185/2003? How was the cash disbursed and spent? Who benefited from the cash disbursements?
- (iv) Has Olympic Airways (Olympic Airways Services) received State aid since December 2002?
- 6.3.
- COMPATIBILITY OF THE AID
- (i) Compatibility of aid granted to Olympic Airlines
- (a) Compatibility of aid granted to Olympic Airways
- (b) Possible rescue aid
- (c) Application of the 1999 rescue and restructuring guidelines
- (d) Conditions for the authorisation of rescue aid
- 7.
- LEGITIMATE EXPECTATIONS AND STATE GUARANTEES
- Article 1
- Article 2
- Article 3
- Article 4
- Article 5
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