commiss decis march state aid aircraft servic lemwerd asl german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area articl thereof notic accord articl interest parti submit comment commiss decid initi procedur articl ec treati respect aid grant author land lower saxoni aircraft servic lemwerd gmbh asl enterpris special mainten refurbish civil aircraft enterpris locat lemwerd structur disadvantag area elig region aid articl ec treati januari plant branch dasa decid close plant discontinu mainten refurbish activ lemwerd transfer militari aviat activ dasa manch plant bavaria land lower saxoni interven negoti agreement dasa order safeguard civil aviat activ lemwerd plant independ consult firm commiss report possibl continu civil aircraft mainten independ activ report exclud dasa potenti partner lemwerd plant dasa decid discontinu civil aviat mainten activ longer econom viabl view sharp fall price worldwid overcapac drastic measur employ work hour wage prerequisit continu exist lemwerd plant report conclud estim overcapac sector expect decreas annual increas demand result market expect buyer market year recommend lemwerd plant concentr activ light heavi mainten technic modif refurbish equip paint repair civil aircraft activ supplement thing amp logist train mainten repair compon take price man hour heavi mainten price paint assum exchang rate dm current rate approxim dm year constant rate dm report conclus lemwerd plant need man hour work annual turnov dm million order econom viabl basi report land lower saxoni decid set compani call asl aircraft servic lemwerd gmbh asl compani bought asset dasa lemwerd plant dm land lower saxoni provid equiti capit amount dm million dm million paid immedi remaind german author paid end asl wholli own subsidiari norddeutsch landesbank girozentral public enterpris entrepreneuri respons asl belong land author guarante norddeutsch landesbank formal owner asl financi legal claim parti asl special mainten refurbish civil aircraft militari activ dasa plant gradual transfer dasa manch plant bavaria june dasa paid dm million asl financ social plan dm million pension claim dm million event closur lemwerd plant amount enter asl balanc sheet provis rückstellung serv partli financ neg cash flow expect restructur order asl dm million amount freeli liquid land author gave unilater guarante asl cover cost social plan pension claim amount compani prove viabl dasa agre award contract asl period includ includ refurbish repair militari compon guarante man hour work year restructur asl decid reduc workforc june assum averag rate dm man hour annual workload man hour conclud viabl onward make loss amount forecast dm million dm million dm million posit figur onward base assumpt restructur complet situat mainten market improv price recov date onward estim submit commiss turnov expect dm million dm million dm million onward order increas competit worker agre reduct januari reduct januari compon wage cover collect bargain agreement addit flexibl work hour agre hour week weekend includ work addit financi compens reduct workforc final june asl scale capac militari aircraft mainten civil aircraft mainten commiss examin measur light articl ec treati conclud measur land lower saxoni capit inject dm million unilater guarante dm million constitut state aid time doubt aid qualifi exempt articl ec treati commun guidelin state aid rescu restructur firm difficulti decid initi articl procedur ii letter date june septemb novemb german author gave view commiss decis initi articl procedur respect aid grant asl german author capit inject land lower saxoni amount dm million constitut aid mean articl land author case act privat investor restructur asl led substanti save allow asl act flexibl medium size enterpris wage salari fring benefit reduc workforc reduc juli total work time flexibl negoti potenti home fleet custom indonesian state hold iptn express interest acquir asl suggest loss start phase cancel reason profit expect background investor oper normal market economi condit conclus financi particip enterpris promis commiss assess compani profit prospect focus close plan submit run counter econom realiti make behaviour entrepreneur market economi depend sole specif busi prospect take point account german author view land lower saxoni act privat investor unilater guarante amount dm million german author stress enabl asl payment receiv dasa liquid reduc employe claim event asl bankruptci major enterpris highlight fact guarante activ event asl bankruptci substanti reduct workforc respect asl employe respect asl german author convinc asl profit half asl achiev averag price dm total man hour mainten man hour dm man hour compon sector man hour dm man hour asl capac fulli util bottleneck respect order order man hour expect exceed consult asl forecast addit asl depend dm exchang rate asl busi transact dm profit loss account date octob submit german author show turnov dm million asl forecast consult forecast expect loss amount dm million slightli estim figur dm million iii letter date januari commiss transmit german author comment parti german competitor danish competitor receiv public commiss decis initi procedur german competitor stress relev market asl activ remain buyer market year overcapac estim aircraft mainten compani signific number home fleet custom order surviv larg airlin mainten facil basic optim capit workforc util acquir addit busi smaller oper invest mainten facil exist buyer market asl home fleet special relationship larg airlin depend spot market german competitor point asl announc end aim cost base man hour rate dm asl offer servic man hour rate target figur market behaviour capit inject land lower saxoni step market situat privat investor prepar danish competitor express concern aid asl stress aid repres unaccept distort competit satur market iv letter date februari german author transmit repli comment made parti emphas contrari competitor observ asl attract signific home fleet clientel receiv total order airlin german danish iceland airlin asl offer servic airlin world market price time negoti airlin order increas home fleet clientel german author highlight fact asl receiv order man hour higher consult estim achiev turnov dm million significantli higher estim turnov dm million oper loss amount dm million expect reduc dm million addit stress asl continu cut cost stood dm man hour reduct close dm achiev reduct workforc unilater guarante german author emphas author land lower saxoni enter commit vi vi employe event asl failur vi vi enterpris guarante entail legal oblig provid enterpris capit juli commiss respons request german author agre postpon final decis plan work asl privat investor assum entrepreneuri risk full letter date octob german author forward commiss letter intent letter indonesian state hold iptn express interest acquir asl share letter group privat investor express interest purchas remain purchas share prepar provid asl financ compani equiti amount dm million privat contract sign end octob german author point asl posit entir dm million provid dasa freeli liquid asl repai dm million dasa order enabl cover cost social plan employe remain dasa addit asl provid dm million social plan cover claim employe made redund final asl pai dm million dasa stock result dm million origin dm million asl liquid reserv commiss request german author novemb copi privat contract recent profit loss account asl german author asl sold octob purchas asl share iptn ahead iptn sought addit guarante respect asl liquid equiti capit land lower saxoni unwil give negoti privat invest group prepar acquir asl share success asl sold symbol price dm german author usual price enterpris expect incur loss anticip profit end purchas plan grant pvv gmbh compani wholli own loan amount dm million order bolster asl equiti capit german author stress loan financ full investor public monei involv condit land lower saxoni withdraw capit inject compani context sale asl land lower saxoni withdrew dm million guarante respect social plan asl employe activ event asl bankruptci state enter financi undertak favour asl profit loss account present german author confirm asl made estim loss dm million attach balanc sheet asl liquid reserv end urgent fresh inject capit order cover loss expect compani profit end respons request inform commiss german author novemb decemb privat investor financ dm million capit inject resourc public undertak enter futur dm million loan provid purchas effect german compani law replac equiti capit secur asl asset result amount involv irrevoc lost event asl bankruptci loan grant period year annual interest rate year grace period german author transmit copi record asl board manag meet audit balanc sheet monthli manag report vi articl procedur confirm commiss view institut procedur measur land lower saxoni regard aid mean articl ec treati capit inject dm million provid land lower saxoni order safeguard uneconom activ newli establish enterpris constitut state aid establish commiss commun fact land lower saxoni directli owner guarante norddeutsch landesbank claim aris result owner respect asl formal own durum wholli own zurich base subsidiari norddeutsch bank girozentral norddeutsch bank girozentral public enterpris share held land lower saxoni land saxoni anhalt municip own niedersächsisch sparkassen und giroverband zweckverband der sparkassen sachsen anhalt appli market economi investor principl conclud normal investor act manner land lower saxoni forecast asl compil consult modifi owner submit commiss german author procedur institut loss anticip year offset subsequ year dm million guarante constitut aid dasa provid asl dm million exchang releas liabil dm million respect pension social plan arisen lemwerd shut complet legal link contract asl dasa provis dm million asl legal oblig set amount worker prefer accept dasa payment provid asl monei convinc unilater guarante claim met clear factual link unilater guarante opportun dm million liquid reserv basi guarante dasa worker renounc claim dasa dasa provid asl resourc provid time legal oblig asl set amount worker asl knew monei defer claim social plan connect guidelin state aid rescu restructur firm difficulti state oblig compani employ legisl collect agreement trade union provid redund benefit earli retir pension part normal cost busi firm meet resourc contribut state cost count aid true payment made direct firm administ govern agenc employe point unilater guarante constitut aid success asl restructur attribut primarili extern factor dm exchang rate acquisit home fleet base clientel compani great influenc point abovement commun guidelin factor constitut basi sound restructur plan commiss doubt restructur measur moment adopt aid grant regard suffici restor compani viabil hand deni asl implement restructur measur success foreseen forecast figur provid german author confirm asl loss make enterpris loss diminish loss amount dm million dm million lower dm million forecast turnov dm million exceed forecast dm million asl reduc loss dm million equival origin estim loss dm million expect turnov dm million exceed origin forecast dm million addit german author asl obtain roughli price expect achiev consult regard unrealist ow cost cut measur asl reduc cost dm man hour dm man hour approach market price servic develop attribut eas situat aerospac mainten market overcapac estim european aerospac industri achiev spectacular growth affect deep recess onward due gener econom crisi militari part industri polit détent comput consumpt aerospac equip eu fell airlin industri overcapac continu contract defenc budget continu dampen activ aerospac industri product term domest demand weaken export stagnat industri cut capac correspondingli period inform commiss panorama eu industri previou overcapac aerospac sector diminish reckon growth product acceler back gener recoveri world economi replac aircraft busi aircraft helicopt aerospac mainten industri expect benefit success privat asl indic busi plan realist compani loss anticip earli justifi expect break end year investor purchas enterpris symbol sum dm provid dm million loan german author confirm financ complet resourc provid compani suffici liquid break german compani law loan event compani bankruptci replac equiti capit irrecover investor demonstr investor confid asl futur restor profit carri addit restructur measur prepar inject larg amount capit compani circumst difficult commiss substanti absenc prospect compani viabl prevent privat investor take compani oper full capac encount product bottleneck account german author promis public financi involv compani ensur asl act market compani longer posit distort competit financi support public author born mind letter german author novemb unilater guarante withdrawn longer impact asl activ reason assum compani viabil restor addit financi support public author addit substanti reduct mainten capac militari aircraft civil aircraft reduct civil aircraft term man hour term manpow reduct capac carri asl correspond exce exist market overcapac compar level state aid investor financi risk insignific investor take compani equiti capit plan fail lose dm million capit financ full final assess restructur measur favour asl note asl locat area ow elig region aid pursuant articl ec treati closur larg compani asl lead increas unemploy prospect altern job creat view asl appar restor viabil signific reduct capac consider financi contribut made investor time asl restructur public monei commiss conclud capit inject dm million unilater guarante withdrawn dm million favour asl worker provid land lower saxoni approv articl conjunct commun guidelin state aid rescu restructur firm difficulti view continu overcapac aircraft mainten sector approv condit asl prevent distort competit futur public fund end step ensur period year german author grant ad hoc oper aid ad hoc aid financ capac enhanc project adopt decis articl capit inject dm million unilater guarante withdrawn dm million provid land lower saxoni aircraft servic lemwerd gmbh asl constitut illeg aid notifi commiss grant breach articl ec treati satisfi criteria laid commun guidelin state aid rescu restructur firm difficulti compat common market mean articl ec treati articl eea agreement condit germani refrain decemb grant asl ad hoc aid financ capac enhanc project cover loss incur articl germani inform commiss month notif decis measur compli herewith articl decis address feder republ germani brussel march commiss karel van miert member commiss oj oj applic articl eec treati public author hold ec bulletin applic articl eec treati commiss direct eec public undertak manufactur sector oj