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 Flight 503 communication was cut off. The aircraft had crashed somewhere in the mountains of Rieti, Italy North-East of Rome and was now missing. Sabena itself got notified about the missing aircraft that same night at 23:15 but would not make an official statement until the morning of the following day. The airplane had crashed somewhere in the mountains of Rieti, Italy North East of Rome which were known for being difficult to access and also lay in a nature reserve where wolves roamed. The Italians immediately started a search and rescue mission to locate the missing aircraft and rescue its occupants.