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
Sun Country Airlines the summer of 2001. After fighting to stay operational by cutting flights, destinations and planes, the company closed on December 8, 2001. During bankruptcy, Sun Country lost almost all of its 727 fleet and four recently delivered 737 aircraft. Sun Country retained one 737 as well as its operating certificate. In the following months, a local group of investors organized as MN Airlines, LLC purchased the remaining assets in bankruptcy court and restarted the airline. The airline initially operated combined charter-scheduled services from Minneapolis to casinos in Laughlin, Nevada and gradually added more charter destinations as finances allowed. Sun Country