A finales de los 90 fue parcialmente adquirida por Swissair y entró en el grupo Qualiflyer. Más tarde se unió con ✈Air Liberté para formar AirLib. La empresa cerró en 2003 y desde entonces no ha habido una alternativa a Air France de su tamaño e importancia en Francia.
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AOM was the airline resulting of the merger of Air Outre Mer and Minerve. It was the first French airline to compete with Air Inter on domestic air routes and it also helped to fill the void UTA left after it joined the Air France group. AOM had a strong longhaul operation from Paris, flying mostly to French departments and territories overseas.
AOM was partially bought by Swissair by the late 90's and joined the Qualiflyer group. It later was merged with ✈Air Liberté, and the new airline became AirLib. After this carrier closed down in 2003, there was no other airline of its size to face fight against Air France in France.