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
Sabena Flight 503 communication was cut off. The aircraft had crashed somewhere in the mountains of Rieti, Italy North-East of Rome and was now missing. Sabena itself got notified about the missing aircraft that same night at 23:15 but would not make an official statement until the morning of the following day. The airplane had crashed somewhere in the mountains of Rieti, Italy North East of Rome which were known for being difficult to access and also lay in a nature reserve where wolves roamed. The Italians immediately started a search and rescue mission to locate the missing aircraft and rescue its occupants.