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
CanJet and merged with Canada 3000 in May 2001 shortly before Canada 3000's bankruptcy. CanJet was relaunched on June 20, 2002 as an independent airline. The relaunched airline flew to three destinations, but quickly expanded. Canjet operated a fleet of nine Boeing 737-500 — seven of which were previously operated by United Airlines and one by Sabena airlines — and one Boeing 737-300. These airframes date back to the early 1990s. There were plans to expand the airline's fleet of Boeing 737-500 aircraft to 20 by 2006; however, the plans were not realized. In April 2004, CanJet launched services at Hamilton/John