Royal Airlines, owned by Michel Leblanc has unfortunately gone under. It merged with Canada 3000, as AvroArrow has stated. The merger was announced in January 2001 if I'm not mistaken, and the first day in which Royal operated under the Canada 3000 brand was May 1st 2001. The merged Canada 3000, which also included Canjet, went bankrupt in November 2001 (the 8th I believe).
Royal Airlines started as a charter airline in 1992 operating 727's on flights to Florida, Cuba, and typical charter flights. It later expanded with the acquisition of the L1011 for flights across the pond. The 757-200 was next in line, to replace the 727, and the L1011's were replaced with the A310's. Flights kept expanding with more Caribbean flights, Mexico, and more European charters too.
Later, Royal acquired the 737-200's to build a scheduled domestic network. Royal was flying to many domestic destinations using all 3 aircraft types in the fleet, and it offered very good service, and also Air Canada Aeroplan points. The goal was to offer discount fares but with the service and perks many customers still appreciated.
All in all, Royal was a good operation, and was known for their excellent inflight service. All flights were catered, with full meals on anything longer than the shortest hops. Alcohol was also complimentary on all flights.
If I may add my opinions though, I believe Royal went under for a variety of factors. Cash flow was an issue after expanding the domestic network. Also, Royal was never known for having the best on-time performance. Some people questioned the overall operation and frankly, an improvement was noticed after being acquired by Canada 3000. It really is a shame in my mind that the merged Canada 3000/Royal/Canjet went under, because it seemed like a good combination of strong points of the airlines in question. The operational efficiency of Canada 3000, high service standards of Royal and warm friendliness of Canjet should have been more successful. Too bad they expanded too quickly and ran out of cash.
"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster