We have just concluded another restructuring, which follows up on the restructuring that took place two years ago. Air Canada is now again responsible for Air Canada Ground Handling Services, which were previously the responsibility of another ACE Aviation subsidiary, that is, a company equivalent to that of Air Canada. We retrieved the ground-handling services, which are now once again a direct subsidiary of Air Canada. Ground-handling services are now once again the responsibility of Air Canada. We also retrieved the subsidiary responsible for Air Canada's air freight, Air Canada Cargo, and we gave it back to Air Canada.
Approximately one week ago, we separated the two companies that were Air Canada's affiliates, and not subsidiaries. The transaction will be completed this Friday. Air Canada Jazz was previously an Air Canada subsidiary, but it has been split off. As you may know, a year ago we launched a public share offering for Air Canada Jazz which is now a separate company from Air Canada.
That is how we reorganized Air Canada's various entities.