Sabena Boeing 747s with four-engined Airbus A340. After the liberalisation of the airline industry throughout Europe and the economic consequences of the Gulf War, the Belgian government, the main shareholder of the company, realized that Sabena had little chance of surviving on its own in this very competitive market, and began searching for a suitable partner. Sabena remained in a poor financial state, and year after year the Belgian government had to cover losses, however, it was however prevented from providing new funds due to EU State Aid rules. Around 1987, SAS tried to merge with the carrier, but the merger
TAT European Airlines TAT European Airlines Transport Aérien Transrégional was a French regional airline with its head office on the grounds of Tours Val de Loire Airport in Tours. It was formed in 1968 as Touraine Air Transport (TAT) by M. Marchais. Air France acquired a minority stake in the airline in 1989. Between 1993 and 1996 the company was gradually taken over by British Airways. It subsequently merged with Air Liberté. The merged entity was sold on to the SAir Group in 2001, which in turn merged Air Liberté with AOM becoming the renamed "" continuing the heritage of TAT until the