RobinZ, I don't think the two new A320s due to be delivered in lieu of the 737-700s have actually arrived. The leasing company has taken the 737-700s back early (apparently due to non-payment) and has cancelled the deal to lease them two A320s as replacements. This changeover was not due to take place until April/May.
A lot of Azzurra flights from the UK (especially to Lapland etc) have been replaced with other airlines because Azzurra now does not have the aircraft to operate. They have apparently told their charterers that they don't have the money to pay for the subcharter of a replacement aircraft from other airlines.
It does not look good......