TNT Airways is Biggest Airline nowadays, more or less on par with SN... and the best Airline to work for in Belgium. A closure would be again a total drama for the Belgian pilot community, and something that the Belgian government will NOT tolerate. A take-over in EU land is not without protection against simple liquidation. UPS can not simply close TNT airways. It needs to abide by Belgian legislation, US legislation has nothing to do with it as the airline is based in Belgium /EU.