
Article 1 
The restructuring aid notified by the Czech Republic consisting in granting CZK 2 500 million to České aerolinie, a.s. (Czech Airlines) in the form of a debt-for-equity swap of a loan, constitutes State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Implementation of this State aid is compatible with the internal market on the basis of Article 107(3)(c) of the Treaty on the Functioning of the European Union.
Article 2 
This Decision is addressed to the Czech Republic.
Done at Brussels, 19 September 2012.
For the Commission
Joaquín ALMUNIA
Vice-President