Editing Air Canada (section)

====Proposed acquisition of Transat A.T.====
On 16 May 2019, Air Canada announced it was in exclusive talks to buy [[Transat A.T.]], the parent company that owns [[Air Transat]], for CA$520&nbsp;million.<ref>{{cite news| url = https://www.cbc.ca/news/business/air-canada-transat-1.5138180| title = Air Canada in exclusive talks to buy Air Transat| date = 16 May 2019| website = CBC News| publisher = Canadian Broadcasting Corporation| access-date = 20 Jan 2024| archive-date = 2024-07-13 | archive-url = https://web.archive.org/web/20240713051423/https://www.cbc.ca/news/business/air-canada-transat-1.5138180| url-status = live}}</ref>

On 27 June 2019, Transat A.T. agreed to be purchased by Air Canada for CA$13 per share.  On 11 August 2019, Air Canada raised the purchase price of Transat A.T. to CA$18 per share. The overall value of the deal was now $720&nbsp;million. On 23 August 2019, 95% of Transat A.T. shareholders approved the acquisition by Air Canada on that basis.  The agreement was revised downwards in October 2020 to CA$5 per share, reflecting the challenges posed to the airline industry by the [[COVID-19|COVID-19 pandemic]].<ref>{{cite news| url = https://www.cbc.ca/news/business/air-canada-transat-1.5760154| title = Air Canada agrees to still take over Air Transat, but for much lower price| last = Evans| first = Pete| date = 13 Oct 2020| website = CBC News| publisher = Canadian Broadcasting Corporation| access-date = 28 Jan 2024| archive-date = 2020-11-22 | archive-url = https://web.archive.org/web/20201122100059/https://www.cbc.ca/news/business/air-canada-transat-1.5760154| url-status = live}}</ref>

The plan was "expected to face intense scrutiny from the Competition Bureau and other regulatory authorities, including in Europe", according to CBC News.<ref>{{Cite web|url=https://www.cbc.ca/news/canada/montreal/air-transat-shareholders-approve-sale-air-canada-1.5257276|title=Transat shareholders approve Air Canada takeover, deal now in regulators' hands|date=23 August 2019|website=CBC|access-date=25 August 2019|archive-date=25 August 2019|archive-url=https://web.archive.org/web/20190825185229/https://www.cbc.ca/news/canada/montreal/air-transat-shareholders-approve-sale-air-canada-1.5257276|url-status=live}}</ref>  While the Government of Canada approved the takeover on 11 February 2021,<ref>{{cite web| url = https://www.cbc.ca/news/politics/federal-government-air-canada-transat-1.5911340| title = Federal government approves Air Canada purchase of Transat A.T. Inc.| last1 = Zimonjic| first1 = Peter| last2 = Burke| first2 = Ashley| date = 11 Feb 2021| website = CBC News| publisher = Canadian Broadcasting Corporation| access-date = 28 Jan 2024| archive-date = 2024-02-17 | archive-url = https://web.archive.org/web/20240217022026/https://www.cbc.ca/news/politics/federal-government-air-canada-transat-1.5911340| url-status = live}}</ref> it was dropped in April 2021 following a failure to secure [[European Commission]] approval.<ref>{{cite news|date=2 April 2021|title=Air Canada Drops Transat Takeover After Battle With Europe|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-04-02/air-canada-cancels-takeover-of-transat-after-battle-with-europe|access-date=3 April 2021|archive-date=2 April 2021|archive-url=https://web.archive.org/web/20210402164905/https://www.bloomberg.com/news/articles/2021-04-02/air-canada-cancels-takeover-of-transat-after-battle-with-europe|url-status=live}}</ref>