Contents
Judgment of the General Court (Eighth Chamber, Extended Composition)25 January 2018note(State aid — Aid granted by Belgium in favour of BSCA — Decision declaring the aid in part compatible and in part incompatible with the internal market — Legally binding act — Limitation period — Economic nature of the ILS — Proportion of economic use of the installations — Incorrect numerical data — Request for adjustment — Determination of the present values — Obligation to state reasons — Distortions of competition — Legitimate expectations)In Case T‑818/14,Brussels South Charleroi Airport (BSCA), established in Charleroi (Belgium), represented by P. Frühling, S. Golinvaux, H. Tacheny and J. Delarue, lawyers,Société wallonne des aéroports SA (Sowaer), represented by A. Lepièce and H. Baeyens, lawyers,vEuropean Commission, represented by S. Noë, R. Sauer and B. Stromsky, acting as Agents,Brussels Airport Company SA, represented by T. Janssens, F. Hoseinian and T. Oeyen, lawyers,and byBrussels Airlines SA/NV, represented initially by J. Derenne, J. Blockx, D. Vallindas and D. Dauchez, and subsequently by J. Derenne and D. Vallindas, lawyers,THE GENERAL COURT (Eighth Chamber, Extended Composition),composed of I. Labucka, acting as President, M. Kancheva, L. Madise, R. Barents (Rapporteur) and J. Passer, Judges,Registrar: G. Predonzani, Administrator,having regard to the written part of the procedure and further to the hearing on 6 July 2017,gives the following
Judgment
Background to the dispute
Contested decision
Procedure and forms of order sought
Law
Admissibility of the tables lodged by the applicant
Substance
The first plea in law, alleging an error of law and a manifest error of assessment by the Commission in determining the date on which the Walloon Region took the decision to provide the funding
The second plea in law, alleging that the Commission’s action was time-barred
The third plea in law, alleging an error of law, an error of fact and a manifest error of assessment by the Commission in its classification of the ILS as an economic investment, and a failure to state reasons in the classification of the ILS as an economic investment
The fourth plea in law, alleging an error of fact and a manifest error of assessment by the Commission in its finding that 7% of the cost of the investments made in the new terminal building corresponded to non-economic use, and a failure to state reasons for the finding of that percentage
The fifth plea in law, alleging an error of law, errors of fact, manifest errors of assessment and a failure to state reasons by the Commission in determining the net present values of the 2002 and 2003 measures, resulting in an infringement of Article 107(1) TFEU
–The first part, concerning the calculation of the costs of the investments remaining to be made as at 15 April 2002
–The second part, relating to the method of calculating the net present values
–The third part, relating to the beta factor
–The fourth part, concerning the tax rate used to calculate the net present value of the 2003 measure
–The fifth part, concerning the estimate of the pre-tax cost of capital invested without risk used to calculate the net present value
–The sixth part, concerning the estimate of the debt-to-equity ratio and the proportion of debt financing used to calculate the net present value
–The seventh part, relating to the estimate of the risk premium used to calculate the net present value
The sixth plea in law, alleging an error of law, errors of fact and manifest errors of assessment by the Commission in determining the net present values of the 2002 and 2003 measures and, accordingly, in calculating the additional fee to be paid by the applicant from 4 April 2014
The seventh plea in law, alleging a failure to state reasons and an error of law by the Commission in determining the amount of the additional fee to be paid from 1 January 2016
The eighth plea in law, alleging an error of law, an error of fact, a manifest error of assessment and a failure to state reasons by the Commission in its analysis of the market at issue and of the alleged distortions of competition between Charleroi Airport and Brussels-National Airport caused by the aid
The ninth plea in law, alleging infringement of the principle of the protection of legitimate expectations
The statement of modification
Costs
Operative part
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