commiss decis juli aid grant belgian govern favour air carrier sabena dutch french text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic parti concern submit comment provid articl letter april belgian govern conform articl eec treati notifi commiss intent grant aid sabena notif belgian govern intend support restructur belgian air carrier sabena packag measur includ transfer bfr billion sabena capit grant state period capit increas bfr billion subscript share payment capit reduct cancel ordinari share held belgian state amount bfr billion made wipe loss bfr billion provis restructur bfr billion belgian govern intend inject addit amount bfr billion context stage recapit foreseen industri partner privat belgian sharehold contribut amount bfr billion complet recapit programm complet recapit programm foreseen sabena ownership structur belgian state belgian sharehold industri partner staff belgian govern announc intent base particip restructur sabena doubl condit compani commerci viabl futur find reliabl industri partner airlin futur cooper belgian govern inform commiss sabena intent reduc perman staff end ii basi inform notif commiss carri assess compat measur articl eec treati led conclus stage aid measur compat common market basi inform qualifi except set articl preliminari conclus commiss base lack suffici guarante regard charact oper doubt commerci viabil restructur concept lack clariti condit accept compani concern substanc compani statut final commiss felt belgian govern suffici assur measur establish maintain order favour sabena relat compani establish activ belgium commiss decid initi articl procedur belgian govern inform letter date notic publish offici journal european commun interest parti invit present observ month public date iii letter date june belgian govern present observ commiss decis initi offici examin procedur laid articl eec treati letter belgian govern specif confirm charact propos measur confirm intent abstain grant aid favour sabena belgian govern reiter step approach aim phase delet debt commit accumul past phase improv financi structur compani belgian govern explicitli confirm belgian state particip capit increas phase sabena fail find industri partner airlin financi share letter belgian govern reiter intent establish compani statut base privat commerci law detail statut addit belgian govern initi reaction fail outlin full detail financi arrang exist sharehold propos sharehold includ airlin partner give precis inform latest econom financi develop essenti carri realist assess compani current financi stand belgian govern comment explicitli commiss request maintain introduc measur effect favour sabena relat carrier oper belgium final belgian govern announc intent provid detail confidenti inform view outstand question meet repres belgian author place juli meet clarifi number question relat financi arrang evid arrang privat partner includ airlin partner final conclud context negoti potenti investor substanc compani statut plai major role belgian author commit make full text commiss immedi complet negoti repres confirm state held share action privilégié transform normal capit phase restructur programm share continu enjoi special statu action préférentiel includ guarante dividend end date sharehold option return share state accept convers normal risk capit exist sharehold agre accept reduct level guarante dividend bfr share bfr practic compani irrespect financi situat pai guarante dividend total bfr billion restructur programm exist financi guarante phase immedi belgian author stress view measur propos state aid favour sabena relat air carrier oper belgium exist envisag specif contest view exclus right area ground handl zaventem airport cater repres privileg treatment belgian author underlin aeronaut author commun requir design air carrier schedul flight insid commun letter date juli belgian govern gave written explan clarif point includ updat latest financi develop recent oper result public offici journal air carrier airlin associ consum organ member state present observ iv view accumul debt cost restructur programm investor state present prepar part restructur programm sabena propos notifi belgian govern consid state aid mean articl eec treati set common aviat mark gradual phase bilater restrict market access capac share relax rule air fare increas potenti competit rout incorpor sabena network trend continu year aid sabena distort threaten distort competit airlin air carrier commun articl treati specifi type aid consid compat common market compat determin context commun singl member state articl except principl set articl order ensur common market function properli light articl treati except strictli constru aid scheme applic except examin except applic case commiss establish aid market forc suffici persuad futur recipi aid act achiev object except articl except respect aid promot facilit develop region propos aid scheme qualifi except provid articl belgium standard live abnorm low underemploy aid scheme intend facilit develop econom area articl serv purpos earlier invest job creation stipul commiss commun region aid system case belgian govern put forward region argument support propos aid articl evid suggest aid question intend promot execut import project common european interest remedi disturb belgian economi belgian govern invok regard except articl aid facilit develop econom activitit commiss restructur aid compat common market meet number condit condit context principl enunci articl aid requir develop activ standpoint commun aid advers affect trade condit extent contrari common interest criteria interpret sector aviat context memorandum stipul commiss case decid accord articl aid grant individu airlin financi difficulti provid condit met aid form part programm approv commiss restor airlin health short period expect oper viabli aid aid limit durat restor financi viabil requir capac reduct includ programm alter programm approv commiss natur propos aid notifi commiss aid question transfer difficulti member state rest commun aid structur transpar verifi case sabena conclud compani assess normal commerci standard difficult financi posit basi latest figur submit juli belgian govern debt equiti ratio normal standard airlin industri poor oper airlin sabena world airlin led net loss bfr billion total turnov bfr billion addit loss total bfr million suffer subsidiari sabena cater sabena technic weak financi situat result reason low labour product high personnel cost plai major role short run crucial point sabena hand make full market potenti brussel offer hand cost factor control intent air carrier sabena reduc staff willing belgian state compens cost lai off circumst import step regain commerci viabil addit govern request develop commerci orient compani statut increas substanti share privat risk capit suggest polit willing restrict role state normal sharehold abstain potenti cost increas intervent commerci reason content sabena compani statut clarifi fact decis compani statut consid uncertainti relat compani belgian state effect commit put compani genuin commerci foot solv import underli reason develop past decis commiss approv measur link modif compani statut sabena essenti ensur sharehold enjoi privileg guarante guarante lack confid behalf privat investor possibl establish long term viabil arrang sharehold conclud approv commiss necessit check belgian state commit field provis genuin risk capit suffici commerci viabil restructur concept oblig belgian govern report regularli substanc decis context aid question grant degress link restructur process step approach envisag belgian govern form degress support belgian govern commit suffici clear ahead capit inject bfr billion airlin partner found privat sharehold contribut bfr billion sabena restructur process major privat invest massiv clean burden result past ensur degress natur oper intens aid relat size underli problem order distort competit minimum question propos support sabena level requir purpos restor compani assess broader context take account aeropolit environ belgian govern past cautiou step open belgian market grant limit extent individu case case basi licenc schedul air transport carrier tea question propos aid amount exce level requir achiev object restructur process depend addit fund busi plan present compani concern resourc larg purpos firstli write accumul debt financi debt increas bfr billion poor debt equiti ratio improv order establish commerci viabil resourc fulfil modern fleet modern requir invest amount bfr billion equip requir order lower oper cost compli stricter nois emiss rule establish commun legisl invest increas capac offer sabena restructur sabena network profit rout initi lead reduct capac measur ton kilometr atk million million atk increas line develop traffic volum expect aid end restructur process eventu lead improv sabena financi stand debt equiti ratio level achiev sabena competitor inform made commiss suggest belgian author compani concern envisag debt equiti ratio object achiev end recapit process normal micro econom sectori environ level consid indic balanc financi situat line standard industri present commun air carrier due gener difficult situat aviat industri sound financi structur circumst financi support justifi condit belgian govern commit avoid form privileg treatment area determin competit compani oper belgium light forego commiss consid except laid articl eec treati appli aid measur propos belgian govern support restructur programm air carrier sabena number condit fulfil order ensur aid advers affect trade condit extent contrari common interest adopt decis articl aid favour air carrier sabena notifi april belgian govern commiss transfer bfr billion state debt sabena capit direct capit inject total bfr billion thereof bfr billion phase bfr billion phase capit reduct cancel ordinari share held belgian state mount bfr billion made wipe loss bfr billion provis restructur bfr billion compat common market mean articl eec treati condit belgian govern compli undertak abstain grant aid measur favour directli indirectli air carrier sabena lower commerci risk sharehold compli undertak grant form privileg treatment sabena relat belgian air carrier area design traffic right relat commun air carrier area slot schedul ground handl cater airport relat activ compli undertak transform privileg share action privilégié effect decemb latest normal risk share part social compli undertak base compani statut privat commerci law exclud possibl belgian state interven commerci reason forward statut commiss adopt compli undertak implement restructur plan end accord procedur notifi commiss undertak subscrib increas capit provid stage restructur plan industri partner subscrib signific proport increas belgian govern inform commiss yearli basi initi phase restructur programm econom financi perform carrier sabena strateg decis includ cooper major invest articl belgian govern inform commiss month date notif decis measur compli herewith articl decis address kingdom belgium brussel juli commiss karel van miert member commiss oj oj eigth report competit polici point judgment court justic septemb case philip morri ecr