A.T. sold its Handlex business unit, which provides airport ground-handling services at Montreal, Toronto and Vancouver international airports. Handlex was acquired by Servisair Holding Canada Inc, which is now fully integrated to Swissport. Proposed acquisition by Air Canada On 16 May 2019, Transat AT Inc. announced it was in exclusive talks for 30 days with Air Canada which intended to purchase the company. An offer was subsequently made by Air Canada at C$13 per share and another company, Group Mach, proposed a purchase at C$14. On 27 June 2019, the Board of Transat AT accepted Air Canada's all-cash bid of C$520 million and did not comment on the C$527.6 proposal from Group Mach because the talks with Air Canada were still exclusive. The deal required approval by two-thirds of shareholders; some major investors, and some financial analysts, stated that the offer is below the true value of the company. Regulatory and governmental approval would be required for sale of Transat AT. A May report by CBC News stated that "regulatory approvals are no sure thing". If the Air Canada purchase is concluded, Air Transat would continue to operate as a separate brand. In late August 2019, 94.77% of shareholders voted in favour of accepting Air Canada's final offer of $18-per-share, a $720 million deal. The plan was "expected to face intense scrutiny from the Competition Bureau and other regulatory authorities, including in Europe", according to CBC News. In October 2020, the sale price for Transat AT was reduced from C$18 to C$5 per share. The closing of the deal is expected for early 2021. In February 2021, the federal government has approved the 190 million deal (or $5/share). The impact of the COVID-19 pandemic prompted a revision of the deal as well as a decision factor for the Canadian government to approve the merger. This proposed acquisition by Air Canada has been terminated upon mutual agreement on April 2nd, 2021 after having been advised by the European Commission that it would not approve the transaction. Operating divisions Transat A.T., through its business units, is active in five business segments: Air transportation Air Transat Outgoing tour operators Transat Holidays - Canada Serviceair - Canada Handlex (now part of Swissport) - Canada Transat Découvertes - Canada Canadian Affair - Europe ACE - Air Consultants Europe - Europe Vacances Transat France - Europe Look Voyages - Europe Amplitravel - Europe Bennett Voyages -