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
Sabena planes were part of a record-order of 34 Airbus A320 family aircraft, imposed on Sabena when under Swissair management. After an airline recession and the effects on the airline industry of the September 11 attacks in 2001, all airlines that flew across the Atlantic suffered. Swissair had pledged to invest millions in Sabena but failed to do so, partly because the airline had financial problems itself, having filed for bankruptcy protection one month prior. The company filed for legal protection against its creditors on 3 October, and went into liquidation on 6 November 2001. Fred Chaffart, Chairman of the Board