Summary of the Meeting of the Board of Directors
May 1, 2014
December 31, 1969
Completed
Agenda
I. OPEN: NONE
II. CLOSED:
1. Minutes of April 17, 2014 Board Meeting to be approved
2. Minutes of April 22, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
3A. COUNTRY: TURKEY - AP088665XX
FOREIGN BUYER: SPV / Turkish Airlines Inc.
END USER: Turkish Airlines Inc.
PRODUCTS: Aircraft
3B. COUNTRY: TURKEY - PC088675XX
FOREIGN BUYER: SPV / Turkish Airlines Inc.
END USER: Turkish Airlines Inc.
PRODUCTS: Aircraft
4. COUNTRY: CHINA - AP088650XX
FOREIGN BUYER: SPV/Air China Cargo
END USER: Air China Cargo
PRODUCTS: Aircraft
II. CLOSED:
1. Minutes of April 17, 2014 Board Meeting to be approved
2. Minutes of April 22, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
3A. COUNTRY: TURKEY - AP088665XX
FOREIGN BUYER: SPV / Turkish Airlines Inc.
END USER: Turkish Airlines Inc.
PRODUCTS: Aircraft
3B. COUNTRY: TURKEY - PC088675XX
FOREIGN BUYER: SPV / Turkish Airlines Inc.
END USER: Turkish Airlines Inc.
PRODUCTS: Aircraft
4. COUNTRY: CHINA - AP088650XX
FOREIGN BUYER: SPV/Air China Cargo
END USER: Air China Cargo
PRODUCTS: Aircraft
Certification for Closure of Meeting
I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, May 1, 2014, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Date Posted
Summary of Minutes
ITEM NO 1 Minutes of April 17, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2 Minutes of April 22 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 3A AP088665XX
Country TURKEY
Request for FINAL COMMITMENT (NEW)
Applicant TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Borrower SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Buyer SPV/TURKISH AIRLINES INC., Istanbul TURKEY
End-user TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Exporter GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Gtd Lndr MIZUHO CORPORATE BANK, LTD., JAPAN
Gtd Lndr DEVELOPMENT BANK OF JAPAN, JAPAN
Supplier GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Lessor SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Lessee TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 3B PC088675XX
Country TURKEY
Request for PRELIMINARY COMMITMENT
Applicant TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Borrower SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Buyer SPV/TURKISH AIRLINES INC., Istanbul TURKEY
End-user TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Exporter GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Exporter BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Everette WA
Supplier CFM INTERNATIONAL INC, Cincinnatti, Oh
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A TURKEY
Lessor SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Lessee TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 4
Country CHINA AP088650XX
Request for FINAL COMMITMENT
Applicant AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Borrower SPV/AIR CHINA CARGO, China 11
Buyer SPV/AIR CHINA CARGO, China 11
End-user AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Exporter BOEING COMPANY, THE, Everette WA
Supplier BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Gteed Lndr HONGKONG AND SHANGHAI BANKING CORPORATIO, Hong Kong GS
Lessor SPV/AIR CHINA CARGO, China 11
Lessee AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSCTION REFERED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2 Minutes of April 22 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 3A AP088665XX
Country TURKEY
Request for FINAL COMMITMENT (NEW)
Applicant TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Borrower SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Buyer SPV/TURKISH AIRLINES INC., Istanbul TURKEY
End-user TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Exporter GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Gtd Lndr MIZUHO CORPORATE BANK, LTD., JAPAN
Gtd Lndr DEVELOPMENT BANK OF JAPAN, JAPAN
Supplier GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Lessor SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Lessee TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 3B PC088675XX
Country TURKEY
Request for PRELIMINARY COMMITMENT
Applicant TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Borrower SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Buyer SPV/TURKISH AIRLINES INC., Istanbul TURKEY
End-user TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Exporter GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Exporter BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Everette WA
Supplier CFM INTERNATIONAL INC, Cincinnatti, Oh
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A TURKEY
Lessor SPV/TURKISH AIRLINES INC., Istanbul TURKEY
Lessee TURKISH AIRLINES INC, Istanbul 34830, Turkey TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 4
Country CHINA AP088650XX
Request for FINAL COMMITMENT
Applicant AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Borrower SPV/AIR CHINA CARGO, China 11
Buyer SPV/AIR CHINA CARGO, China 11
End-user AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Exporter BOEING COMPANY, THE, Everette WA
Supplier BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Gteed Lndr HONGKONG AND SHANGHAI BANKING CORPORATIO, Hong Kong GS
Lessor SPV/AIR CHINA CARGO, China 11
Lessee AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSCTION REFERED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.