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
Turkmenistan Airlines Turkmenistan Airlines Turkmenistan Airlines () is the flag carrier airline of Turkmenistan, headquartered in Ashgabat. It operates domestic and international passenger and cargo services mainly from its hub at Ashgabat International Airport. The State national service Turkmenistan Airlines was founded on 4 May 1992. In 1992, Turkmenistan Airlines became the first airline in the former Soviet Union to purchase a Boeing 737-300. In April 1993, Turkmenistan became a full member of the International Civil Aviation Organization (ICAO). The first flight on a cargo aircraft IL-76 was completed April 19, 1993 from Ashgabat-Brest. From 2001, the airline phased out its Soviet-era