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Intercurrency | The Ministry of Justice has ordered the Directorate General of Civil Aviation (DGAV) to re-examine the claim submitted at the time through Aena (Maintain, PO €170) for the prices borne during the pandemic in 2020 and 2021, as reported by Cinco Jours.
In December 2021, the DGAV had refused any reimbursement to the operator, even though the Supreme Court has now ruled that management will have to hear its arguments again, without considering whether they were justified or not. Aena has not been able to value its accounts receivable, although it proposes that the amounts it believes it deserves to obtain should be allocated to the regulatory period of DORA 3, which would begin in 2027. Airlines have objected to Aena receiving any reimbursement for the pandemic.
Conclusion: The regulation specifies that there is no reimbursement for a drop in passenger traffic, unless it is an exceptional and unforeseen occasion that causes “annual discounts in passenger traffic across the network of more than 10% caused by natural disasters. “acts or situations of war’, and this endangers the viability of the company, in this case Aena. We find it complicated to apply this concept, because the truth is that the operator has clearly demonstrated its viability, registering in 2023 its highest EBITDA in its history, exceeding 3,000 million euros, thanks to a strong expansion of unregulated advertising activity; Even the aviation business, which is regulated, generated an EBITDA of 1,375 million euros last year, 86% of that recorded in 2019, despite the rate increases.
Chirp