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
Parks College Airline Air Lines". Ozark Air Lines had recently lost its operating certificate from the CAB and purchased the Parks airline only days into its new service to gain its certificate and routes. Ozark would eventually merge with Trans World Airlines in 1986, which in turn would merge with American Airlines in 2001. Mid-Continent would later become part of Braniff International Airways which ceased operations in 1982. The Parks College Airline fleet consisted of the following aircraft as of 1950: Parks College Airlines operated over 17 years without incident. Parks College Airline Parks College Airline was an defunct airline based in the