Since September 2003, in line with its declared strategy, Air Malta has substantially scaled down its involvement in this company. Last year the majority shareholders had a vision for Azzurra which was not shared by Air Malta.

Moreover, the majority shareholder had undertaken a number of commitments, among which the re-capitalisation of the company, that it did not honour and which have primarily contributed to the decision of the court. As a result the directors appointed by Air Malta resigned on 10 December 2003 and since then Air Malta has not participated in the management of Azzurra.