SN Brussels Airlines and regional investment companies, as well as the Brussels and Walloon governments) set up SN Airholding, headed by Étienne Davignon. After the 2001 collapse of Sabena, Belgium's flag carrier airline, Belgium was left without a national airline. In February 2002, SN Airholding took over the Belgian airline DAT, a subsidiary of Sabena, and changed its trading name to SN Brussels Airlines. In 2002, a strategic reorganization started, led by the former CEO Peter Davies. On 12 April 2005 SN Brussels took holding control of Virgin Express and on 31 March 2006 they announced their merger. On 7 November 2006 they
Azerbaijan Airlines Azerbaijan Airlines Azerbaijan Airlines (), also known as AZAL, is the flag carrier and largest airline of the country of Azerbaijan. Based in Baku, adjacent to Heydar Aliyev International Airport, the carrier operates to destinations across Asia, the CIS, Europe and the USA. Azerbaijan Airlines is a member of the International Air Transport Association. The airline was founded on 7 April 1992 as the first national airline established after the country gained its independence. In 1990, Azerbaijan announced that it was setting up its own airline, and that it would be independent of Aeroflot, the long-time provider of air services