stickelberger.pdf
(567.21 KB, PDF)
… to art. 107 (3) c TFEU (ex art. 87 (3) c TEC), aid is seen as compatible with the internal market, if it is given to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest. However, the Commission ruled that art. 107 (3) c TFEU (ex art. 87 (3) c TEC) was not applicable because the aid granted was operating aid and there was no general scheme in place, but … from any debts of the original-parent company (Olympic Airways) which was indebted at the amount of EUR 207 million. Its intention was to enable the flight divisions of the Olympic Airways group, now absorbed into Olympic Airlines, to continue trading and to proceed to privatization. 3. The advance of € 130.312.450 to Olympic Airways. 59 Art. 108, TFEU. 21 The Greek State set up an account that was to be credited with the proceeds of any sale within the framework of the privatization … as compensation and thus cannot fall under the exception of para. (a). Article 107 (c) TFEU concerns aid vested to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest. In order to figure out whether Olympic Airlines may fall under this exception, the Commission had to take under consideration the Guidelines on State Aid in the aviation sector and the …