The purpose of the company is the organization and brokerage of travel, as well as all related services, such as the organization and brokerage of flight package tours, the organization of flights, the brokerage of flight contingents and flights, and the sale of flight tickets. Furthermore, the import and export of goods of all kinds, in particular goods that are necessary or useful in connection with flight services, are part of the company's purpose. In addition, the company's purpose includes the brokerage of insurance, to the extent possible without a concession under applicable law, including for tour operators, as well as the rental and leasing of hotels and hotel management in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad. The company may enter into transactions with affiliated companies, in particular with its direct or indirect shareholders and other group companies, even without adequate consideration. It may grant loans to group companies or provide security for their obligations. The company may acquire, hold and sell real estate and participations in Switzerland and abroad. The company may engage in all activities that are directly or indirectly related to the above-mentioned purpose.