Under its original ownership, travelcuts was operated as a hybrid commercial enterprise and non-profit organization.
[3] As a result of legislation passed by the Canadian government requiring airline tickets to be sold through travel agents,[citation needed] in 1974 the AOSC incorporated a wholly owned subsidiary, "Canadian University Travel Services Limited" ("CUTS").
[1] In 1979, CUTS established its "Student Work Abroad Program" ("SWAP"), which is still in operation.
[1] SWAP assists students to obtain the necessary documentation to travel and work in foreign countries.
[4][5] In March 2006, the parties settled the action out of court, resulting in the plaintiffs acquiring a minority interest of the shares of Travel CUTS and two seats on its board of directors.