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
DBA (airline) 737s for a year. In return BA would receive 25% of any profits or proceeds from a sale until June 2006. It was rebranded as dba. In March 2005 dba announced its intention to acquire rival airline Germania Express (gexx) which would create Germany's third largest airline after Lufthansa and Air Berlin. The "gexx" brand was phased out on the former airline's services, along with its Fokker 100 aircraft which dba has assumed the lease of. dba submitted a binding bid for ailing Greek national airline Olympic Airlines in April 2005, but later withdrew that bid. In the fiscal year