Since 2002 Maersk had seen competition in the scheduled market from Sterling, which had reorganized itself as a low-cost carrier targeting the Mediterranean leisure market. In 2005 Fred. Olsen & Co. sold the airline to FL Group. The Maersk Group announced on 30 June 2005 that it would sell Maersk Air to Sterling. Star Air and the corporate jet were kept out of the deal. Ownership of the 737 was also not included, and instead, there were leased to Sterling. The sales price of Maersk Air was never made public.