commiss decis april aid grant spain aerospac compani construccion aeronáutica sa casa spanish text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area point articl thereof member state parti concern opportun submit comment accord abovement articl aid grant spain decis relat aid pta million grant construccion aeronáutica sa casa period casa programm project develop seater turboprop aircraft origin plan extend project termin ii decis septemb letter date octob commiss inform spanish author decis septemb initi procedur articl ec treati regard state aid pta million approxim ecu million casa decis project financi assist spanish govern consider led initi procedur investig state aid commiss ask spanish author inform letter date februari repli spanish author april inform request letter date repli juli letter date octob repli novemb subsequ meet commiss spanish author held juli inform request august repli septemb octob repli octob addit letter date august review spanish author inform obtain main element present procedur initi show decemb cooper agreement sign casa ministri industri commerc tourism respect casa project purpos project develop seater turboprop aircraft casa oper aerospac sector involv design develop manufactur assembl certif civil militari aircraft cooper associ subcontract basi world princip manufactur aircraft design manufactur certifi aircraft compon larg unit made metal materi satellit compon structur launch vehicl compani carri aircraft mainten spanish arm forc signific activ casa arian satellit programm particip airbu eurofight project agreement decemb approv spanish cabinet meet decemb provid grant repay loan feasibl definit develop stage casa programm abovement amount pta million paid annual instal develop aircraft period loan set amount cover casa develop cost project feasibl studi definit aircraft carri quarter amount delai month compar timet agreement phase project compris definit product compon test critic element includ aerodynam wind tunnel test search industri subcontractor search launch custom articl agreement provid possibl amend feasibl studi definit phase finish order govern decid basi studi result obtain continu stop support project project continu govern approv mean amend updat cost estim timet project view outcom feasibl definit studi govern decid proce rest project commenc develop phase end june casa ministri industri commerc tourism sign supplement origin agreement decemb agreement confirm previous estim total loan pta million loan cover cost incur reschedul activ extend project led adjust individu annual instal loan paid spanish author activ phase carri project termin conclus project fail technic confirm decis initi procedur loan pta million equival financ project cost pta million proport total project cost pta million approxim ecu million letter spanish author date octob commiss opinion aid intens event failur project accept rais object initi financ decis septemb accept aid level initi procedur rest iii observ parti member state netherland sweden submit observ open procedur comment receiv privat organ observ concern method calcul aid element loan base industri intellectu properti right respons question strict applic aid polici aerospac industri view problem face european aircraft manufactur argu strict polici order prevent member state compet subsidi reaction transmit spain letter date juli spanish author repli letter date septemb author favour higher aid aerospac industri specif featur difficulti argu aid reduc restructur european aircraft industri place iv observ spanish govern initi procedur commiss receiv addit inform spanish author letter date decemb commiss ask spanish author letter date februari progress made press articl reveal project termin unfavour market forecast remind spanish author repli june grant fund project earmark project suspend inform aid intens spanish author consid applic request letter date octob repli receiv letter date novemb meet brussel januari spanish author confirm letter date june project termin suppli inform actual cost project fund spanish state put casa dispos final commiss ask letter date septemb detail amp activ carri casa relat cost answer transmit letter date octob state aid procedur initi spanish author argu case matter state aid mean articl ec treati loan liken contribut risk capit compani spanish author refer point vi commiss commun govern capit inject casa state own compani commun applic contribut public capit compani point state state aid involv fresh capit contribut circumst accept privat investor oper normal market economi condit circumst strateg natur invest term market suppli acquisit sharehold regard normal behaviour provid capit profit delai spanish author refer point commun member state form intervent featur capit contribut form acquisit public hold resembl suffici treat case notabl capit contribut take form convert debentur loan loan financi yield part depend compani financi perform ad casa oblig repai loan interest bank spain base rate govern acquir intellectu industri properti right result develop aircraft assess assimil loan capit contribut determin present case privat investor made loan similar circumst risk expect return project case commiss entitl regard loan invest aid measur dealt specif rule aid amp risk project point repay loan subject commerci success aircraft depend number aircraft sold likelihood repay reduc spanish author confirm high risk project occas letter april novemb decemb june declar risk due long term natur project choic modern technolog low market demand forese time market situat overcapac expect return project account spanish author provid evid loan yield prospect return commensur risk contrari calcul spanish author rate return loan spanish govern gave assumpt interest rate payback return consid low risk free long term ten year borrow rate ad commensur risk premium put return spanish author argu letter date decemb market demand improv onward fact project cancel show high risk ventur loan grant condit similar obtain privat market constitut aid mean articl bear mind benefit casa detriment european aircraft manufactur loan typic instrument state support amp project long term natur attend risk recipi public privat undertak commun framework state aid research develop framework replac previou framework applic case spanish author refer applic framework letter date june cost project maximum aid intens assess light framework commiss usual polici framework establish principl appli aid intens purpos articl articl author aid facilit develop econom activ aid advers affect trade condit extent contrari common interest framework result aid intens framework appli vi cost project total cost project pta million ecu million total subsidi pta million ecu million framework distinguish industri research point precompetit develop point technic feasibl studi preparatori type activ point framework made distinct industri research precompetit develop framework introduc concept feasibl studi aid intens higher industri research precompetit develop tabl cost classifi accord framework activ head feasibl studi correspond phase feasibl studi definit categori correspond phase develop phase tabl posit spanish author commiss aid intens discuss section vii project termin spanish author data commiss ask reimburs part loan partial reimburs request aid intens pta million amount loan divid cost pta million higher aid intens procedur initi higher financ author occas gt tabl gt pta ecu convers rate rate applic month decis initi procedur septemb allow aid intens calcul tabl show cost incur phase feasibl studi industri research precompetit develop figur third cost project account aircraft feasibl studi gt tabl gt vii aid intens accord framework commiss administr practic aid industri research grant precompetit develop framework ad feasibl studi categori feasibl studi industri research allow relat precompetit develop spanish author classifi feasibl studi accord framework technic feasibl studi preparatori industri research opinion intens author nation author give precompetit develop activ intens claim termin project promot commiss polici account excess product capac stimul integr project commun produc refer notabl point framework higher aid intens allow event failur project spanish author mention past decis commiss author increas basic intens high risk develop project justifi intens case precompetit develop high risk project spanish author propos appli normal rate industri research activ industri research carri region area standard live abnorm low underemploy argu increas percentag point grant work carri region posit spanish author reflect tabl pta million amount intend industri research activ alloc assist region applic spanish author region increas percentag point rais averag total allow intens develop activ tabl show methodolog spanish author lead averag allow aid intens reimburs approxim ecu million present spanish posit differ commit spanish author made initi procedur letter septemb state stipul cooper agreement supplement casa make repay state object develop phase achiev state aid exce intens percentag allow programm locat favour region involv small medium size enterpris sme laid point commun framework state aid research develop commiss accept posit adopt spanish author project termin author intens activ sme practic assist area reimburs ecu million assess commiss agre spanish author order assess maximum allow aid intens type activ consider precompetit develop aid intens author procedur initi consid base practic repay loan develop project import aerospac industri justifi aid account limit aid recogn overcapac region aircraft market effect allow aid intens precompetit develop reach event project fail admiss base rate project bonu event research fail point framework increas appli restrict commiss decis limit research develop programm relat precompetit research financ advanc distort market effect aid unsuccess project regard slight higher aid intens accept commiss accept claim spanish author base rate precompetit develop increas risk project spanish author refer seri commiss decis relat programm increas allow correct case high level risk commiss decis higher aid intens basic specif unpublish decis italian aerospac research programm similar programm germani origin decis extens decis concern programm project singl case casa aid distort account volum impact market preval intra commun trade sector obviou presenc excess product capac commiss author applic risk bonu decid increas framework propos spanish author case aid intens allow industri research consist framework point esp million alloc industri research carri assist region pursuant articl point framework increas grant amp carri assist region appli increas industri research carri region lead increas aid intens activ specif case casa higher aid intens allow precompetit develop industri research feasibl studi specif circumst relat characterist aerospac industri high research develop cost limit number aircraft sold long product life cycl year uncertain market prospect depend small number competitor develop global demand casa fail technic commiss consid view special situat project failur bonu industri research feasibl studi accept admiss aid industri research base rate increas due applic point framework higher aid intens failur case feasibl studi spanish author claim studi prior industri research framework give intens point casa develop industri research project mean feasibl studi studi preparatori industri research type work feasibl studi typic feasibl work carri detail develop product accord point framework aid intens feasibl studi preparatori precompetit develop explain higher aid intens failur accept feasibl studi case total allow aid intens feasibl studi framework increas aid intens condit fulfil increas percentag point allow case sme point casa sme increas applic increas percentag point provid framework point research project accord object specif project programm undertaken part commun framework programm amp research project framework programm amp provid council decis euratom eec fourth framework programm amp provid european parliament council decis ec foster technolog base european aerospac compani includ casa direct link establish casa project programm increas allow case involv cross border cooper cooper industri public research sector wide scale dissemin result qualifi applic increas provid point framework point framework applic align aid level provid wto agreement subsidi countervail measur industri research precompetit research higher aid intens consid commiss evid specif case countri competitor higher aid allow condit met present case spanish govern request align met commiss account region aircraft market domin intra commun competit rule applic increas aid intens conclus forego aid intens author respect feasibl studi preparatori precompetit develop industri research allow intens aid intens allow precompetit develop activ basic rate percentag point account failur project averag allow intens put tabl viii conclus financi support pta million commit paid notifi approv commiss commiss submit comment aid measur implement grant payment aid prior notif breach articl illeg conclus alter fact instal pta million paid compani agreement june amend result applic commun competit rule aid paid commiss claus suffici make illeg charact payment decis septemb accept total cost pta million cover loan part loan pta million ecu million consid approv decis part loan cover cost pta million ecu million differ maximum allow aid intens author decis septemb accept framework note result framework reimburs request part loan cover cost pta million ecu million differ actual aid intens allow adopt decis articl aid pta million paid spain period construccion aeronáutica illeg pta million compat common market pta million incompat articl spain recov construccion aeronáutica sa amount pta million interest date grant illeg aid date repay calcul accord nation rule interest rate refer interest rate spain commiss evalu aid element region invest aid articl spain inform commiss month notif decis measur compli herewith articl decis address kingdom spain brussel april commiss karel van miert member commiss oj competit law european commun volum iia rule applic state aid oj oj unpublish commiss decis aid scheme prototyp belgium decis octob nn anvar franc decis juli tok netherland decis march atout puma franc decis octob oj oj