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
Nordic European Airlines work was expanded. Business comprised sub-charter duties for other carriers like the German LTU. The airline changed its name to Nordic European Airlines - NEA at the end of 1996, but by the next year the airline was in financial difficulties and operations were suspended March 1998, with the international business of the airline in receivership. Nordic European Airlines Nordic European Airlines was a charter airline based Stockholm, Sweden. Nordic European Airlines began its life in 1991 as Nordic East Airways operating one Douglas DC-9-21 aircraft on charters to the Mediterranean region. In 1992 the airline received two MD-80s. Because