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 In March 2004 operations were suspended when its regional fleet was withdrawn by lessor and co-owner Air Malta due to non-payment of leases.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:
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
“What has history to do with me? Mine is the first and only world! I want to report how I find the world. What others have told me about the world is a very small and incidental part of my experience. I have to judge the world, to measure things.”
—Ludwig Wittgenstein (1889–1951)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)