For several years, he said, airlines desperate for cash and for market share have "haphazardly given discounts or matched others' discounts," while corporate travel departments have grabbed at increasingly enticing offers of negotiated discounts in exchange for guarantees of a certain amount of volume.
All those deals included significant debt reduction in exchange for guarantees of principle and interest payments.
The British, Germans, and Canadians, meanwhile were giving priority to deep budget cuts in their own countries -- while smaller European nations were being made to extract even more severe cuts in exchange for guarantees of their government debt.
Under the Treaty of Utrecht, which was signed on 13 July 1713 and brought together a number of sub-treaties and agreements, Philip V was accepted by Britain and Austria as King of Spain in exchange for guarantees that the crowns of France and Spain would not be unified.
Franklin D. Roosevelt established the pattern of choosing stability over freedom in 1945 when he overlooked the autocratic ways of the Saudis and assured King ibn Saud of American protection in exchange for guaranteed supplies of oil -- helping make the world safe for Wahhabism.
Israel is said to be tabling a further relaxation on import restrictions and a much-cosseted floating port off the Gazan coast in exchange for guarantee of quiet from the strip.
Under a reorganization plan announced in mid-April, Zongshen will gain a 45% stake in the joint venture in exchange for guaranteeing repayment of an undisclosed amount of the joint venture company's debt; it will also use its own guarantee to arrange bank loans for new investments to be undertaken by the joint venture.
Under a reorganization plan announced today, Zongshen will gain a 45% stake in the joint venture exchange for guaranteeing repayment of an undisclosed amount of the joint venture company's debt; it will also use its own guarantee to arrange bank loans for new investments to be undertaken by the joint venture.
In 1797 the government finally engineered a painful return to hard currency and in effect wrote down the accumulated national debt by two-thirds of its value in exchange for guaranteeing the integrity of the remaining third.
Hyatt, which was going to run the hotel, took a 50percentt stake in exchange for guaranteeing the rest of the project.
The showdown in the House was set up by last summer's protracted crisis over the debt ceiling, when Republicans agreed to raise the nation's statutory borrowing limit in exchange for guaranteed deficit reduction of $1.2 trillion over 10 years, which was supposed to come out of a special select committee on the deficit.
