History
Travel CUTS had its origins in the 1950s with travel services offered by the now-defunct Canadian Union of Students ("CUS") through an unincorporated operation. After the CUS dissolved in 1969, a group of Ontario university student councils formed the Association of Ontario Student Councils, which took over the operation of the student travel service. In the next few years, the Association of Ontario Student Councils expanded across Canada and came to be called the Association of Students' Councils ("AOSC").
As a result of legislation passed by the Canadian government requiring airline tickets to be sold through travel agents, in 1974 the AOSC incorporated a wholly owned subsidiary, "Canadian University Travel Services Limited" ("CUTS").
In 1979, CUTS established its "Student Work Abroad Program" ("SWAP"), which is still in operation. SWAP assists students to obtain the necessary documentation to travel and work in foreign countries.
In 1981, the Canadian Federation of Students ("CFS") was founded and replaced a large number of provincial and national student organizations. After its creation, CFS incorporated a separate division, CFS-Services, which took over operation of the services previously operated by the AOSC, including CUTS. At that time, CUTS adopted the trade-name "Travel CUTS".
In 1996, the University of Western Ontario University Students' Council initiated a lawsuit against CFS-Services, alleging that it illegally transferred assets from the AOSC to itself at a 1987 meeting. The student societies of three other universities (Alma Mater Society of the University of British Columbia, Queen's Alma Mater Society and University of Alberta Students' Union) later joined the suit as co-plaintiffs. 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. As a result, the CFS held 76% of the shares and the Canadian Student Horizons Group (the plaintiff student groups) held 24%.
Travel CUTS went into receivership on October 23, 2009 and several offices in Canada closed. On October 26, 2009, Merit Travel Group, a privately held Canadian travel company, purchased Travel CUTS.
Read more about this topic: Travel CUTS
Famous quotes containing the word history:
“What would we not give for some great poem to read now, which would be in harmony with the scenery,—for if men read aright, methinks they would never read anything but poems. No history nor philosophy can supply their place.”
—Henry David Thoreau (1817–1862)
“The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.”
—Camille Paglia (b. 1947)
“All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.”
—Ralph Waldo Emerson (1803–1882)