The company's purpose is to trade and distribute goods of all kinds in the travel industry. The company may also establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire and finance such companies. Furthermore, the company may acquire, encumber, sell and manage real estate in Switzerland and abroad, as well as conduct all business that may be suitable to promote the purpose of the company or that are directly or indirectly related to it. The company may participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies, or by providing guarantees or other securities of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are granted free of charge.