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
Air Zaïre other funds earned by Sabena in the country. Foreign ownership of the airline was eliminated at the same time, with the Congolese government holding a seventy percent share, the "Institut National Securite Sociale" holding eight percent, and local Congolese concerns holding the remainder. At the time, the fleet comprised two Douglas DC-6s, eight DC-4s, eleven DC-3s, two Curtiss C-46s, three Beech 18s, five Beech Barons, one Piper PA-23 Aztec and one Cessna 310. In 1967 the airline ordered two Sud Aviation Caravelles for delivery in October 1967 and the summer of 1968, and on 12 May 1967 a BAC One