commiss decis juli recapit compani alitalia italian text authent text eea relev ec commiss european commun regard treati establish european commun paragraph articl thereof regard agreement establish european econom area articl thereof parti concern notic accord provis abovement articl submit observ regard observ fact alitalia line aere italian hereinaft refer alitalia set septemb initi capit lit million lead italian airlin transport million passeng largest european airlin term passeng kilometr british airwai lufthansa air franc klm turnov lit billion ecu billion compar sa slightli swissair group compani network cover itali europ intercontinent destin north south america africa middl east east end alitalia emploi peopl end fleet aircraft short medium haul averag ag year end fleet youngest european airlin alitalia capit held state hold compani iri istituto la ricostruzion industrial rest held privat investor major intern bank alitalia absorb subsidiari ati specialis domest flight autumn transfer iri major hold società aeroporti di roma control compani avianova level air carrier juli alitalia team hereinaft alitalia team hold charter compani eurofli hold air europ hold hungarian nation airlin malev alitalia hold compani busi relat air transport atitech racom teledata turn own computer reserv system galileo italiatour sisam airport manag compani napl genoa turin florenc lamezia term rimini carriag good passeng air make group total turnov lastli limit agreement compani continent traffic itali usa compani air franc alitalia alli major partner amount lit billion alitalia turnov increas nomin net fix asset rose lit billion lit billion number tonn kilometr tonn kilometr carri increas period time compani acquir aircraft increas busi hide difficulti alitalia european nation airlin face result gulf war recess increas competit result liber market compani averag unit receipt yield express constant lire term fell alitalia undertook reduc cost increas product reduc ground staff oper cost tonn kilometr express constant lire fell lit lit number tonn kilometr employe rose period effort alitalia unabl return profit compani oper result substanti improv posit deficit start decad slightli neg fall lit billion compani turnov italian author alitalia oper cost higher averag main european competitor due excess high labour cost convers compani receipt lower main competitor averag length rout account differ chiefli due depreci lira alitalia lose market share year powerless stop larg part custom base northern itali drain hub northern europ rome fiumicino airport compani main base locat south italian author alitalia face consider labour unrest oper result weak year prevent compani debt financi charg build consider result accumul loss major invest aircraft lit billion italian author compani insuffici recapit earli alitalia debt increas lit billion lit billion give rise substanti financi cost compani net result constantli neg fall lit billion lit billion ratio long term debt exclud leas equiti rose march alitalia cumul loss amount lit billion compani net asset fallen lit billion financi situat verg bankruptci worsen loss lit billion expect background italian author commiss restructur plan alitalia accompani larg capit inject ii italian author commiss restructur plan alitalia juli notif regist commiss secretariat gener juli acknowledg receipt italian author august letter august commiss notifi italian author intervent examin light provis articl ec treati framework procedur provid articl ec treati inform inform notif juli suffici enabl examin matter full knowledg fact request addit inform letter august commiss remind italian author provis articl ec treati propos state aid measur put effect commiss adopt final decis septemb italian author commiss inform request letter august meet brussel commiss italian author septemb provid addit inform italian govern main object restructur plan creat favour condit privat compani plan approv compani manag trade union accompani detail financi forecast run year success phase extent interrel restructur phase develop phase year restructur phase chiefli design reduc alitalia oper cost bring ratio debt equiti reason level compris financi manag compon manag compon fit effort alitalia make earli reduc cost increas product intend make compani competit short term pursu main aim reduc cost maximis receipt shed strateg activ reduct cost includ product improv wage freez fly personnel respect agreement reach compani trade union repres june save cost year period year lit billion return cost reduct employe receiv net total lit billion lit billion tax social charg equival annual save made term labour cost put sole purchas alitalia share agreement kind quot italian compani assum product increas labour cost reduct achiev reduc allow abolish benefit increas flexibl exist staff set contain compani fulli control alitalia cabin personnel costli term compani alitalia team set juli exist fly personnel move compani voluntarili offer career incent promot higher level respons fly personnel plan reduc ground staff addit earli retir voluntari redund cost reduct programm includ chang condit ground handl servic maxim receipt consist main seri measur alitalia make absenc proper computer fare system introduc integr system fare fulli autom ticket process creat fare control system ensur fare categori match reserv code compani reform commerci process domest market order slow drop receipt prepar ground segment passeng loyalti strategi alitalia intend develop shed strateg activ intend concentr compani core activ releas addit financi resourc recapit plan notifi juli contain disinvest lit billion period year dispos administr centr magliana dispos sharehold alfa romeo avio sisam plan devot effort adapt renew structur alitalia comput system administr commerci sector financi compon concern propos inject capit initi total lit billion lit billion provid iri end lit billion subject instal paid lit billion staff stake compani capit state iri fact advanc lit billion lit billion instal alitalia june set futur increas capit main aim financi measur balanc compani capit structur align main commun carrier fund propos develop fleet involv employe restructur project equiti particip start privat process italian author add respond part compli combin provis articl italian civil code requir alitalia minimum capit lit million total restructur cost provid plan amount lit billion effect except cost push alitalia equiti reduc lit billion total capit increas provid plan substanti reduc alitalia net borrow reduc financi cost period develop phase chiefli base bring malpensa hub servic italian author develop malpensa give alitalia prime strateg advantag enabl reposit import market europ northern itali strengthen compani network malpensa alitalia specialis termin includ develop intercontinent rout serv milan north america asia intercontinent network fed transfer domest intern servic linat malpensa target rout east west increas servic eastern europ middl east creation malpensa hub accompani restructur termin rome fiumicino airport hub alitalia network final structur network see rome mediterranean termin maintain strong intercontinent emphasi alitalia hub malpensa fiumicino end period cover plan note plan notifi commiss juli propos discontinu rout oper alitalia restructur phase develop phase alitalia plan introduc shuttl servic main domest italian rout reorgan intern network develop seri allianc foreign partner expand fleet plan notifi shuttl servic high level frequenc simplifi fare structur eas book busi rout low cost organ high frequenc servic sharpli reduc product cost low cost product extend main european rout feed malpensa hub reorgan intern network consist recov traffic northern itali introduc rout main airport region rationalis develop intercontinent network east seri allianc target market nation european intercontinent contribut significantli expans network expect year accompani version plan expans fleet stabl aircraft rise aircraft year increas long haul short haul medium haul aircraft plan effort made improv product qualiti increas custom satisfact creat brand alitalia moment carrier invest qualiti servic plan juli italian author make transform alitalia profit compani year unit product cost constant lire seat kilometr fell expect fall year oper result increas lit billion net result lit billion turnov year turnov expect increas modestli sharpli year due develop malpensa hub final italian author stress support commun juli septemb oper inject lit billion alitalia state aid compon meet principl investor oper market economi defin commiss guidelin applic articl treati articl eea agreement state aid civil aviat sector appli commiss decis ec spanish compani iberia oper provid return hope due dividend paid year figur lit billion acquir compani year calcul profit take account cost lit billion iri group sustain event alitalia bankruptci insolv cost stem loan grant carrier compani iri group cofiri light inform commun juli septemb italian author commiss decid octob initi procedur provid articl treati subject capit increas provid plan ground initi procedur natur capit inject made iri consid state resourc mean articl treati commiss doubt exist aid view low probabl iri financi effort satisfactorili recompens possibl appli derog provid articl treati aid commiss note condit accept restructur aid gener depend met case point decis initi procedur commiss expressli call independ consult order obtain inform enabl make final assess matter letter octob commiss notifi italian govern decis initi procedur gave formal notic submit comment letter publish offici journal european commun member state interest parti request submit comment iii letter novemb italian author submit comment repli commiss letter octob inform decis initi procedur assert firstli alitalia made major effort improv situat year care analysi show compani moment handicap term competit possibl vi vi european competitor process restructur take place italian economi enabl compani overcom handicap essenti due differ econom system member state european union comment italian author refer specif main question rais commiss decis initi procedur accuraci forecast growth market alitalia present subject italian author point develop intern airport malpensa forecast growth capac compani lower market growth annual averag period cover plan result market loss alitalia data alitalia forecast offici sourc alitalia carrier analys profit rout point point basi term network milan rome napl high speed train fulli oper impact alitalia revenu faster travel air rail airlin passeng benefit connect flight lastli price differ travel air rail narrow effici network design hub malpensa fiumicino respect italian author point commun carrier lufthansa sa iberia network base hub add alitalia futur network base hub consist firstli fiumicino locat serv hub intercontinent flight north south remain major intern airport view import rome malpensa locat serv hub intercontinent flight east west sixth freedom hub intercontinent flight serv richest part itali regard area drain traffic northern itali foreign airport estim million plan notifi commiss recov part loss year merit plan object catch econom financi term italian author propos reduct labour cost plan period year follow major effort made regard firmest compon plan view agreement sign trade union june addit methodolog identifi excess number staff base busi process reengin programm analysi ad administr staff volum activ forecast oper staff italian author insist fact programm set plan proce smoothli alitalia team began oper novemb month earlier initi date staff reduct take place rapidli expect attitud alitalia employe plan point italian author point trade union unequivoc commit support plan notifi gener agreement sign trade union june led seri implement agreement flight engin octob flight assist octob pilot octob includ transfer alitalia team calcul intern rate return oper italian author point method calcul intern rate return conform commiss guidelin inclus insolv cost calcul decis ec direct loss iri sustain event alitalia bankruptci estim caution rate averag annual growth year put regard arrang capit inject italian author point iri confirm commit pai lit billion sharehold control compani minor sharehold privat investor contribut provid sum view compani privat lastli italian author inform commiss main obstacl alitalia privat rule iri hold capit flag compani recent remov iv initi procedur uk danish norwegian swedish govern interest parti airlin air british airwai british midland klm lauda air lufthansa sa virgin atlant alitalia competitor associ airlin compani eec ac associazion nazional utenti di servizi publici assoutenti submit comment matter total member state ten interest parti includ airlin produc comment approv commiss decis initi procedur provid articl treati rais number question relat doubt express decis observ state comment point foremost treati rule state aid strictli appli civil aviat sector process liber base provis air packag council regul eec effect april claim recapit alitalia set restructur plan notifi commiss constitut state aid denmark unit kingdom respect stress uncertainti unrealist assumpt plan base fact privat partner agre part oper member state add aid exempt articl treati requir exempt met case hand expansionist restrict natur restructur plan sweden refer subject propos increas alitalia fleet year lack capac reduct termin unprofit rout denmark norwai refer specif disproportion natur amount aid result overcapit compani unit kingdom denmark stress aid transfer alitalia difficulti commun competitor practic financ alitalia major invest aircraft year main present indebted regard exempt requir appli aid denmark norwai refer alitalia dispos core busi unit kingdom part call requir guarante discrimin slot alloc ground handl servic access airport facil oper servic itali regard transfer activ linat malpensa denmark assert commiss examin cover lit billion capit invest provid plan uk norwai contrari commiss decis octob initi procedur refer capit inject lit billion capit inject amount subject decis initi procedur lastli denmark sweden commiss member state interest parti inform attent matter publish offici journal european commun point degre detail manner observ interest parti recapit alitalia propos aid incompat treati interest parti make addit point air assoutenti british airwai klm sa express greatest doubt develop alitalia activ malpensa airport propos plan delai complet infrastructur problem relat transfer traffic linat malpensa difficulti alitalia manag hub malpensa fiumicino time air assoutenti emphas uncertainti exact arrang sharehold alitalia staff compani capit sharehold requir amend italian tax law sale alitalia headquart build bring amount expect air lauda air draw attent addit unlaw aid grant alitalia italian state fund earli retir measur cover decre law octob convert law decemb hereinaft dl regard exist aid lack privat partner oper uncertain excess optimist natur assumpt plan base term traffic revenu air assoutenti british airwai state insolv cost iri born account calcul profit oper alitalia moment make loss favour econom climat inadequaci measur cost reduct provid plan notifi commiss argument put forward ac british airwai sa air assoutenti name compani plan underestim competit pressur alitalia face year regard incompat aid expansionist natur plan disproportion natur propos capit increas british airwai virgin atlant refer foremost fact aid essenti alitalia seek resourc need restructur organ dispos asset reduc cost privat compani add air sa aid enabl alitalia return profit plan provid suffici reduct oper cost dispos unprofit part compani busi air british airwai sa stress lack transpar implement aid british airwai refer frequent interfer italian govern alitalia manag claim aid question facilit develop econom activ mean articl treati criterion consid commun level competit effici air transport sector ac air assoutenti british airwai british midland lufthansa virgin atlant stress danger transfer alitalia difficulti commun competitor note predatori anti competit practic italian market swamp low fare manipul slot lufthansa assoutenti point respect alitalia recent fine italian competit author lauda air air add anti competit effect aid amplifi italian decre april grant alitalia exclus oper regular air rout itali countri european econom area interest parti call commiss oppos oper regard requir govern accept commiss aid grant alitalia interest parti chiefli propos solut make alitalia dispos core asset british airwai lufthansa sa virgin atlant significantli reduc amount aid ac british airwai virgin atlant reduc capac alitalia group ac assoutenti british midland lauda air lufthansa sa virgin atlant requir alitalia stop oper unprofit rout prohibit alitalia practis price leadership network lufthansa sa virgin atlant end legal monopoli alitalia enjoi rout countri assoutenti lauda air lufthansa make alitalia accept interlin arrang entrant assoutenti lufthansa prohibit alitalia anti competit practic assoutenti lufthansa end discrimin alitalia benefit ground handl servic klm distribut traffic linat malpensa airport klm lufthansa airport tax charg lufthansa sa slot alloc lufthansa virgin atlant lastli interest parti refer lack transpar exact amount aid cover commiss decis octob initi procedur observ express member state interest parti forward commiss italian govern decemb januari letter januari italian author turn submit comment repli observ reaffirm commerci natur profit oper recapit alitalia contest point rais member state interest parti absenc privat partner oper italian author state partner sought subscrib part capit increas question particip privat partner instanc detriment iri interest iri carri oper futur dispos sharehold advantag condit alitalia restructur complet involv privat partner alitalia capit present stage make devis long medium term programm prevent compani return asset manag proper state balanc benefit fulli start stage activ malpensa airport regard lack credibl restructur plan italian author stress assumpt plan base realist reason cost capit loan traffic forecast cost reduct set plan includ margin caution posit impact millennium celebr end centuri consider regard coexist hub malpensa fiumicino italian author point alitalia airport hub fiumicino linat improv compani network increas traffic import italian market northern itali major european compani successfulli oper hub durat journei malpensa centr milan compar citi centr airport european citi maintain increas alitalia traffic intercontinent rout compat capac long haul fleet introduc long haul aircraft plan agreement carrier freight busi lastli italian author plan reaffirm trend reduct labour cost alitalia product level highest sector thirdli regard lack capac reduct closur loss make rout italian author explain forecast alitalia growth period cover plan consider lower market busi develop expect malpensa airport italian author account contribut rout network respect oper margin part compani network nation intern intercontinent posit fourthli regard claim increas capit distort competit italian author assert commerci initi launch alitalia month make compani price leader part strategi set plan compli select criteria segment demand feed intern intercontinent flight optimum util aircraft lastli regard requir commiss impos italian author inapplic view recapit alitalia constitut state aid imposit limit alitalia growth undermin logic plan time carrier gener expand announc letter italian author octob initi procedur commiss novemb call servic independ consult ernst amp young gather inform question express doubt consult instruct appli principl investor oper market economi oper question mind carri gener assess alitalia situat option compani public sharehold iri privat sharehold light provis articl italian civil code calcul intern rate return oper identifi gener compon aid includ guarante event consult conclud initi point propos capit inject lit billion consist behaviour ration investor ask evalu viabil adequaci restructur plan verifi amount lit billion essenti suitabl meet plan object lastli find altern capit inject consult appoint commiss perform task work cooper repres iri alitalia obtain inform need decemb consult commiss report conclud part work main point emerg report light alitalia situat italian civil code requir sharehold recapit undertak sell asset earli date view situat restructur plan appear turnaround plan busi plan minimum annual rate return hurdl rate requir investor situat cost write loss iri group sustain event alitalia bankruptci loan grant compani group import factor calcul analysi made determin growth rate alitalia cash flow year fraught risk extrem import italian author assum rate consult assum rate earli retir programm provid alitalia employe back fund lit billion italian state budget period includ compon state aid intern rate return capit inject lit billion recalcul adjust inform present alitalia vari depend scenario adopt inclus exclus insolv cost fund earli retir programm differ assumpt regard growth rate cash flow year share alitalia capit held iri year event consider minimum level requir risk investor consult report italian govern decemb comment comment decemb commiss italian author express critic consult work term consid point unaccept contradictori fix hurdl rate higher figur earli retir programm addit capit inject assumpt averag annual growth rate cash flow year exclus insolv cost calcul made basi inform report submit consult commiss inform italian author alitalia manag meet brussel januari letter januari compani restructur plan submit juli adequ warrant posit decis essenti obtain addit inform consid examin carri cooper consult appoint commiss technic meet subject held rome januari commiss alitalia respect consult vi discuss commiss italian author januari light comment present member state parti concern compani alitalia unoffici inform commiss februari intent adjust restructur plan notifi juli adjust base modest forecast macro econom level undertak data suppli yield chiefli includ point reduct number rout frequenc oper alitalia total number flight cancel year maintain fleet current level end restructur plan aircraft servic year compar initi provid plan end repres fall term seat compar initi plan number peopl recruit reduc period cover plan total number alitalia employe fall decemb decemb reduct total amount propos capit increas fall lit billion lit billion ow invest dispos alitalia share computeris reserv system galileo align alitalia method depreci aircraft major commun compani februari commiss ask consult examin updat alitalia restructur plan march consult commiss draft report forward dai italian author comment draft report account alitalia result conclud updat plan cautiou initi plan expansionist base gener assumpt consult believ minimum annual rate return requir investor situat oper entail major risk consult rate broadli higher underli intern rate return consider result made document commiss march letter april italian author produc comment draft report march challeng point made draft report suppos generos assumpt plan fix minimum annual rate return requir hurdl rate reaffirm invest question conform norm investor market economi detail discuss issu rais matter subsequ place meet commiss consult hand alitalia consult brussel april parallel meet request addit inform commiss april alitalia italian author alitalia repli letter april italian author letter april provid detail inform request confirm iri provid capit inject lit billion letter april commiss inform alitalia italian govern posit adopt posit decis matter base norm investor market economi account difficulti inher take account insolv cost born iri event alitalia bankruptci graviti commerci risk plan entail correspond meet held italian author commiss brussel rome june meet enabl plan improv point speed cost reduct transfer alitalia employe alitalia team faster origin plan reduc amount propos capit increas lit billion addit capit increas divid instal amount lit billion includ lit billion grant advanc june paid immedi adopt posit decis amount lit billion paid amount lit billion paid dispos share held alitalia hungarian compani malev region italian airport genoa napl rimini florenc lamezia term turin analysi made commiss consult point conclus addit improv reduc risk inher restructur plan increas profit capit inject addit report consult appoint commiss conclud plan improv adjust januari realist alitalia return satisfactori level profit year consult add amount capit inject regard essenti adequ meet plan object gener restructur effort june italian author offici commiss inform adjust plan refer adjust plan discuss compani trade union includ econom financi forecast correct light inform result main figur ratio adjust plan gt tabl gt gt tabl gt letter june italian author acknowledg financi section adjust plan state aid measur mean treati give undertak italian author undertaken adopt behaviour normal sharehold alitalia enabl manag accord commerci principl involv manag reason strictli relat italian state statu sharehold grant alitalia capit payment aid form includ loan guarante decemb aid alitalia sole purpos restructur compani acquir sharehold air carrier give alitalia prioriti commun compani alloc traffic right includ relat countri european econom area slot alloc ground handl assist access airport facil preferenti treatment contrari commun law italian author confirm appli measur contrari commun law guarante immedi start decemb latest complet revis agreement april hereinaft agreement approv decre april order bring agreement conform commun regul prioriti govern interfer compat regul liber air transport airport privileg de facto revis agreement place regard point exchang letter alitalia basi articl agreement exchang make clear agreement appli compat commun law alitalia renounc prioriti pursuant articl agreement coordin fulli coordin italian airport start winter season appoint coordin link whatsoev alitalia act complet independ decemb capac aircraft oper alitalia carrier pose commerci risk alitalia wet leas block space joint ventur agreement exce limit number seat exce alitalia fleet increas number seat kilometr calendar year european econom area exclud itali itali exce understand growth author growth market remain lower growth rate market exce suppli increas percentag increas alitalia analyt account system make determin short term rout profit ratio defin ratio full revenu full cost full cost equival sum variabl cost fix cost rout decemb alitalia refrain offer fare lower offer competitor equival servic suppli rout oper alitalia dispos sharehold malev latest alitalia continu full implement restructur plan notifi commiss juli adjust june meet object term product profit financi restructur submit commiss end march march march march annual report progress restructur plan alitalia econom financi situat complianc requir report includ descript give particular contractor commerci oper cooper agreement conclud alitalia previou year commiss inform report check independ consult chosen commiss agreement italian govern italian author point payment instal capit increas subject complianc commit actual implement restructur plan achiev expect result cost product ratio ten week releas instal submit report commiss enabl express comment assist independ consult select commiss consult italian author letter june italian author abandon draft law provid fund italian state modern md aeroplan compani headquart build magliana transfer alitalia market rate lastli correspond june italian author refer dl earli retir alitalia employe decre law payment addit monthli allow employe concern reach normal retir ag total budget measur estim lit billion entir period lit billion period commiss note italian author point correspond juli alitalia undertaken irrevoc pai sum lit billion interest block account notari public purpos reimburs italian state regard remain amount italian author end june year alitalia pai sum ow employe concern year question account light factual inform summar commiss posit make final assess case legal assess vii term articl treati articl agreement european econom area hereinaft refer agreement aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good incompat common market agreement case import assess light provis capit inject total lit billion state hold compani iri propos put alitalia accord plan notifi commiss doubt whatsoev capit inject constitut state resourc mean abovement provis fund concern specif italian treasuri decis increas capit italian author case examin court justic judgment march case itali commiss presenc aid compon treati agreement lai principl neutral vi vi member state rule govern system properti ownership articl treati articl agreement principl equal public privat enterpris commiss action prejudici benefici public enterpris examin oper light abovement provis articl treati articl agreement establish case case basi transact member state public enterpris constitut normal commerci transact part aid compon order commiss base judgment principl investor oper market economi principl state aid deem involv state fund manner accept privat investor oper normal market economi condit gener commiss consid provis capit public fund state aid provid privat sharehold particip oper proport number share condit ident public investor privat investor hold real econom signific present case presum share alitalia capit held privat investor deem real econom signific privat investor take part capit increas lit billion employe particip compani capit amount lit billion set agreement june consider condit work absenc substanti particip privat investor oper question commiss recours theoret approach rule explain time commiss court justic court held judgment march case similar circumst privat investor size compar bodi administ public sector provid capit amount conduct privat investor intervent public investor pursu econom polici aim compar conduct ordinari investor lai capit view realiz profit short term conduct privat hold compani privat group undertak pursu structur polici gener sector guid prospect profit longer term undertak loss make long term investor decis light exist consist adequ restructur plan method measur ration natur invest consist compar amount invest amount revenu gener case deadlin comparison year plan complet revenu gener alitalia includ dividend paid iri alitalia year increas compani year increas fact equival iri sharehold compani date alitalia present specialist consult commiss believ respect present circumst includ expect revenu cost iri bear event alitalia bankruptci insolv cost part due loss short term loan grant alitalia financi compani cofiri subsidiari iri june repaid june juli payment time advanc sum lit billion practic enabl doubl oper regard convers capit loan privat investor guid prospect profit longer term base decis consider advantag compani true situat suffici good justifi long term commit basi inform commiss possess intern rate return iri invest lit billion alitalia capit close bear mind earli retir cost directli met alitalia intern rate return minimum annual rate return hurdl rate investor act accord law market demand inject capit concern view commiss believ criterion investor market economi met case capit inject question affect trade member state involv compani transport activ natur directli affect trade cover common market european econom area distort threaten distort competit market direct compani competit commun compani european network entri forc packag air transport liber measur januari constitut state aid mean articl treati articl eea agreement italian author explicitli acknowledg correspond june examin compat aid articl treati articl agreement viii articl treati articl eea agreement appli oper question aid social charact grant individu consum aid make good damag caus natur disast except occurr aid grant economi area germani articl treati articl eea agreement list type aid consid compat common market compat assess context entir commun simpli singl member state order safeguard proper function common market regard principl articl treati derog articl defin articl interpret strictli examin aid scheme individu measur view increas competit result liber air transport packag measur commiss strict polici monitor state aid prevent effect contrari common interest articl treati articl eea agreement lai derog aid promot facilit develop area capit inject alitalia qualifi applic provis ad hoc measur design solv specif problem form part gener scheme benefit italian air carrier italian govern cite head exempt articl treati articl agreement inapplic case measur question design promot execut project common european interest remedi disturb economi member state promot cultur conserv european heritag derog articl treati articl eea agreement respect aid facilit develop econom activ aid advers affect trade condit extent contrari common interest commiss aid restructur compani compat common market meet number condit summar aid form part comprehens restructur programm aim improv financi health compani reason period viabl competit environ oper programm contain mean aid programm includ capac reduct requir market situat compani return profit aid result transfer compani problem competitor govern refrain interf manag compani reason stem ownership right compani run commerci principl aid exclus purpos restructur programm disproportion aid infring treati provis aid structur transpar capabl monitor commiss verifi capit increas lit billion alitalia meet criteria regard factual inform summar part iv regard firstli compani viabil time point capit increas question accompani restructur plan full implement italian author commit letter june plan subject consult compani trade union aim restor alitalia competit enabl privat context liber commun market dual object mind capit increas substanti reduc compani debt return financi structur compar competitor restructur balanc sheet liabil substanti reduc financi expens plan continu effort made alitalia regard product cost commiss note product level compani staff main commun competitor regard product cost handicap alitalia suffer respect progress declin period cover plan result staff reduct transfer compani staff alitalia team cost product ratio set paragraph vi italian author undertaken abid period cover plan testifi progress made plan adjust june limit compani growth year aim obtain oper result broadli surplu mean expansionist polici reduc cost product capac practic unchang period cover plan initi consider reduc competitor compani cope crisi air transport earli alitalia pursu polici refocus activ core busi air transport dispos share capit società aeroporti di roma plan forthcom sale headquart build magliana alitalia sharehold alfa romeo avio sisam computer reserv system galileo malev region italian airport basi extrem posit result expect year meet compani term work capit fund invest essenti long term busi open prospect long term viabil inspir confid investor pave develop allianc compani lastli regard alitalia abil return profit commiss note undertak italian author letter june give alitalia prioriti commun compani aim constantli advanc italian govern proceed compani privat commiss stress respect mainten protect situat regard alitalia contrari doubt italian author convict compani prosper competit environ characteris commun civil aviat market commiss assur consult plan suffici guarante alitalia surviv prosper addit aid italian author undertook letter june grant aid alitalia form whatsoev includ explicit implicit loan guarante connect commiss point regard guarante payment explicitli implicitli grant alitalia creditor iri public bodi unlaw state aid notifi commiss note italian govern abandon plan provid fund programm modern md aircraft headquart build magliana sold market price thirdli plan adjust includ capac reduct need return compani profit number aircraft seat aircraft oper alitalia increas total number tonn kilometr fall adjust plan abandon rout frequenc amount total flight year total flight oper alitalia capac reduct signific european civil aviat market grow annual averag year commiss note italian author undertak limit consider compani capac year capac reduct consider restrict compani growth provid plan strengthen credibl plan effort aim restructur return profit base reduct product cost fourthli commiss step ensur aid receiv alitalia shift compani difficulti commun competitor point chiefli import note adjust plan continu diminut alitalia market share durat plan nation intern intercontinent rout oper compani addit air transport europ enjoi high rate growth excess year prospect good come year gener context sustain growth offer prospect competitor demand low letter june italian author gave undertak alitalia product capac limit wai conform plan number seat fleet oper alitalia proper exce end year restrict cover network oper alitalia similarli growth number seat kilometr alitalia itali european econom area limit level lower market growth top restrict quantiti suppli alitalia freedom regard fare limit italian author pledg period cover plan alitalia adopt behaviour price leader offer fare lower competitor equival servic rout oper plan increas alitalia busi detriment commun carrier commiss assur grant aid question alitalia surviv stai busi constitut obstacl open italian market develop competit european econom area compani alitalia licens itali italian author gave undertak abovement correspond june give alitalia form prioriti commun compani alloc traffic right slot alloc ground handl servic access airport facil principl discrimin appli applic amend rule distribut traffic airport system result inter alia abolit preferenti right grant alitalia decre april approv agreement agreement includ claus confirm primaci commun law formal brought line commun law regard alloc traffic right countri applic prioriti pursuant articl agreement italian author make singl design multipl design countri simpli basi individu merit applic traffic right lead design coordin italian airport coordin act total independ link alitalia organiz legal technic link mainten protect situat alitalia amplifi neg effect aid contrari common interest mean articl treati articl agreement fifthli italian author undertak letter june adopt behaviour normal sharehold alitalia interfer manag reason strictli relat italian state statu sharehold undertak enabl alitalia manag accord sole commerci principl liber commun civil aviat market commiss determin factor plan success italian govern make clear distinct state role sharehold compani main motiv maximis financi profit state role public author motiv gener polici concern undertak italian author alitalia henceforth ordinari compani regulatori term give preferenti treatment form part distinct sixthli commiss believ aid exclus purpos set plan disproportion relat requir plan total amount lit billion cover cost restructur propos plan estim lit billion reduc compani debt lit billion end compar lit billion capit reason level state debt reduct essenti compani recoveri import restructur balanc sheet liabil reduc amount financi expens repres turnov regard specif structur balanc sheet liabil aid lead overcapit alitalia examin alitalia gear ratio debt fund period cover plan leas oper includ exclud gear show gear remain compar main european competitor compani refocus activ core busi shed larg amount invest alitalia help cover financi resourc aid enabl alitalia adopt invest polici disproportion unrel plan invest aircraft propos adjust plan simpli ensur replac oldest aircraft fleet number aircraft oper alitalia increas end year compar end addit italian author gave undertak correspond june aid exclus alitalia purpos restructur acquir sharehold air carrier commiss reserv author cross hold alitalia enter allianc agreement compani resourc provid aid alitalia unabl substitut suffici resourc sale asset compani embark polici disinvest refocus core busi resourc billion releas make reduc capit increas made proport financi requir plan compani unabl dispos asset relat main activ compromis plan success seventhli emerg inform commiss possess grant aid produc result contrari specif provis treati provis treati concern object undistort competit common market contrari mention italian author agre abolish discriminatori treatment favour alitalia restrict italian author undertaken respect price quantiti offer alitalia period cover plan greatli limit risk aid recipi resort predatori practic contrari provis articl treati commit italian author alitalia acquir sharehold air carrier analyt account system make determin short term profit ratio rout oper give detail annual report cooper agreement conclud airlin direct name point commiss check close agreement alitalia call conclud period cover plan compani eurofli air europ capit sharehold eighthli regard transpar verifi natur aid point italian author provid commiss inform request order posit give opinion case full knowledg fact similarli consult appoint commiss access inform need fulfil task properli work cooper repres iri alitalia undertak italian author june follow plan submit commiss guarante satisfactori scope verif control italian govern ensur full implement restructur plan submit report implement fulfil commit year commiss plan expir commiss report check consult select agreement italian govern italian author pai instal capit increas plan object met commit fulfil lastli gener term regard commun interest commiss believ recapit restructur alitalia contribut develop busi air transport sector commun european econom area alitalia main carrier signific part commun exist larg commun airlin guarante mainten balanc competit situat ix consider set part vii viii address concern express commiss decis octob initi procedur member state interest parti comment subsequ produc light forego aid grant italian govern alitalia form capit inject total lit billion accompani compani restructur plan elig exempt provid articl treati articl agreement provid condit met ensur aid question facilit develop air transport sector advers affect condit trade extent contrari common interest commiss regret fact italian govern grant advanc lit billion alitalia june set instal lit billion adopt final decis disregard articl treati adopt decis articl aid grant itali compani call alitalia line aere italian hereinaft alitalia form capit inject total lit billion restructur compani conform plan notifi commiss juli adjust june deem compat common market eea agreement pursuant articl treati articl agreement provid itali fulfil undertak adopt behaviour normal sharehold alitalia enabl manag accord commerci principl involv manag reason strictli relat italian state statu sharehold grant alitalia capit payment aid form includ loan guarante decemb aid alitalia sole purpos restructur compani acquir sharehold air carrier give alitalia prioriti commun compani alloc traffic right includ countri european econom area slot alloc ground handl assist access airport facil preferenti treatment contrari commun law itali confirm appli measur contrari commun law guarante immedi start decemb latest complet procedur revis agreement april approv decre april hereinaft agreement order bring agreement line commun regul prioriti govern interfer compat regul liber air transport airport privileg de facto revis agreement place regard point exchang letter alitalia basi articl agreement exchang make clear agreement appli compat commun law alitalia renounc prioriti pursuant articl agreement coordin fulli coordin italian airport start winter season appoint coordin link whatsoev alitalia act complet independ decemb capac aircraft oper alitalia carrier agreement alitalia assum commerci risk capac wet leas block space joint ventur agreement exce limit number seat exce alitalia fleet increas number seat kilometr calendar year european econom area exclud itali itali exce understand growth author growth market remain lower growth rate market exce suppli increas margin increas alitalia analyt account system make determin short term rout profit ratio defin ratio full revenu full cost full cost equival sum variabl cost fix cost rout decemb alitalia refrain offer fare lower offer competitor equival servic suppli rout oper alitalia dispos sharehold malev latest alitalia continu full implement restructur plan notifi commiss juli adjust june meet product profit financi restructur object set paragraph vi submit commiss end month march march march march annual report progress restructur plan alitalia econom financi situat complianc requir report includ descript give particular contractor commerci oper cooper agreement conclud alitalia previou year commiss inform report check independ consult chosen commiss agreement italian govern articl payment instal lit billion instal lit billion subject complianc commit articl actual implement restructur plan achiev expect result cost product ratio set paragraph vi week releas instal plan itali submit report commiss enabl express comment assist independ consult chosen commiss consult italian author instal releas object restructur plan met undertak met articl undertak requir set articl bind compani alitalia line aere italian subsidiari alitalia team articl decis address italian republ brussel juli commiss neil kinnock member commiss oj oj oj footnot oj pp busi secret ecr point commiss commun applic articl treati public author hold bulletin european commun judgment court justic join case netherland leeuward papierwarenfabriek bv commiss ecr paragraph applic articl ec treati articl eea agreement state aid aviat sector paragraph footnot paragraph paragraph applic articl ec treati articl eea agreement state aid aviat sector cite footnot letter commiss member state april judgment court june case matra sa commiss ecr paragraph seq busi secret