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
Gadair European Airlines having two new shareholders, S. Kahla 25% and A. Baker 50%. The airline ceased operations around 2009. Gadair European Airlines Gadair European Airlines was an airline based in Madrid, Spain. It was operating aircraft on ACMI leases for services to five continents. A number of changes of plan have been made, including a switch to Bahrain as the main hub. The airline originally planned to launch operations on 10 April 2006 using Boeing 767-200ER aircraft on ACMI leases, but delays in obtaining the necessary licences mean that the launch date was delayed to June 2007. The airline was owned by