In 1992, the airline was bought out by Grupo Hermanos Abed ("Abed Brothers Group", abbreviated as GHA) a general aviation investment company.
1992 | 1992 Summer Olympics | Federal Aviation Administration | 1992 in music | International Civil Aviation Organization | 1992 in film | 1992–93 in English football | Wrestling at the 1992 Summer Olympics | aviation | United Kingdom general election, 1992 | North American Aviation | 1992 in television | Aladdin (1992 Disney film) | United States presidential election, 1992 | United States House of Representatives elections, 1992 | Canoeing at the 1992 Summer Olympics | Aviation | Société Pour L'Aviation et ses Dérivés | Republic Aviation | Aviation accidents and incidents | 1992 in baseball | United States Army Aviation and Missile Command | The Last of the Mohicans (1992 film) | The Bodyguard (1992 film) | Sud Aviation Caravelle | Scent of a Woman (1992 film) | Moscow Aviation Institute | GE Aviation | 1992 NBA Finals | United States Senate elections, 1992 |
During the 1980s, the firm ventured into boat-building (including Azzurra, Italy's first America's Cup contender) and eventually into oil rigs before closing in 1992.