dpc,To my understanding in US, Inertair air oil preservation system is rarely used nowadays and limited to only medium sized transformers with less than 220 KV rating.This is not because of large transformer manufacturers have closed down,but due to some inherent problems with Inertair system.In fact many old systems are being retrofitted with constant oil pressure systems.
Inertair system- with out conservator, but with a gas space above oil level in tank for filling with N2 gas - was first introduced by Westinghouse during 1930's . N2 was produced by passing air over certain chemicals which absorbed O2 and N2 pressure inside tank varied between -5 psi to +10 psi as the oil expanded or contracted with load or ambient temperature. N2 will dissolve in oil by volume 8-10 % ( 20-90C) and with pressure by Henry's law 8-16 % ( 0-1barg). This will supersaturate oil and during sudden cooling of oil may release fine nitrogen bubbles inside insulation structure creating corona ( oil BDV drops more than 40 %) leading to breakdown. Engineers understood this by 1950's ( 1957 R B Kauffman etc, The effect of transformer oil preservation methods on the dielectric strength of oil, AIEE Vol 76 part3- 1960 A T Cahdwick etc Oil Preservation Systems-factors affecting ionisation in large transformers AIEE Vol 79 , April 1960) In 1983 Doble conference, there was a presentation by Westinghouse Muncie &Georgia Power company engineers -E M Petrie etc Reliability Improvemnets on operating gas space Power transformers - where they explained how they were retrofitting 500 kV transformers by COPS system due to some failures from bubble formation.
In today's inertairsystems the N2 pressure is limited to 0.2 psig to 6-7 psig with out avoiding negative pressure.There are also systems where a constant flow of N2 is made over the oil level without creating overpressure. N2 generators by membrane technology are also available.The more popular system today all over the world is avoiding air contact with oil in conservator by using Atmoseal( by GE in 1950's-also called bladder, air cell, rubberbag etc)