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
National Airlines (1983) National Airlines (1983) The second American airline to be named National Airlines was owned by United Air Carriers. It operated from 1977 to 1986. The airline was created when officials of supplemental airline Overseas National Airways formed a FAR Part 129 leasing company known as United Air Carriers on July 21, 1977. When the Overseas National Airways folded in 1978, the company was renamed to Overseas National Airways and was certified in 1980 under FAR 121 as a cargo and passenger charter company. In 1982 the company gained approval for scheduled service, leading to the company purchasing the name National