In January 1991, Canadian Regional Airlines was formed as a holding company to hold and manage Canadian Airlines International regional airline interests. At that time Canadian Airlines International acquired 100% of both of Time Air and Ontario Express as well as 70% of Inter-Canadien. In April 1993, Canadian Regional Airlines brought the operations of Time Air and Ontario Express together to operate as Canadian Regional Airlines. The two carriers were legally amalgamated in July 1998. In turn Canadian Regional Airlines was merged with other airlines into Air Canada Jazz in 2001.