History
The airline was established in December 1995 and was a joint venture by the Italian investment group Air International Services (51% and by Air Malta (49%). It started operations in December 1996. AIS shares were purchased by UK based 7 Group in 2003, anticipating the purchase of Air Malta shares later that year.
In November 2003 it was announced that Azzurra Air was to take over French airline Air Littoral, but this fell through in the following month as Azzurra Air was in financial difficulties . In March 2004 operations were suspended when its regional fleet was withdrawn by lessor and co-owner Air Malta due to non-payment of leases. The company was declared bankrupt in July 2004. It had five Airbus A320-200 aircraft on order at the time.
Read more about this topic: Azzurra Air
Famous quotes containing the word history:
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“Racism is an ism to which everyone in the world today is exposed; for or against, we must take sides. And the history of the future will differ according to the decision which we make.”
—Ruth Benedict (1887–1948)
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)