Summary of the Meeting of the Board of Directors
Completed
I. OPEN: NONE
II. CLOSED:
TRANSPORTATION DIVISION
1A. COUNTRY: TURKEY - AP088967XX
FOREIGN BUYER: SPV/Sun Express
END USER: Sun Express
PRODUCTS: Aircraft
1B. COUNTRY: TURKEY - AP088967XA
FOREIGN BUYER: SPV/Sun Express
END USER: Sun Express
PRODUCTS: Aircraft
2. COUNTRY: AZERBAIJAN AP088942XX
FOREIGN BUYER: SPV/Azerbaijan Airlines
END-USER: Azerbaijan Airlines
PRODUCTS: Aircraft
TRADE CREDIT INSURANCE DIVISON
3. Short-Term Africa Initiative (Renewal)
I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:30 AM on Thursday, June 18, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
TRANSPORTATION DIVISION
ITEM NO 1A
Country TURKEY AP088967XX
Request for FINAL COMMITMENT
Applicant SUN EXPRESS, Antalya
Borrower SPV/ SUN EXPRESS, Antalya 07
Buyer SPV/ SUN EXPRESS, Antalya 07
End-user SUN EXPRESS, Antalya
Exporter BOEING COMPANY, THE, Renton WA
Supplier BOEING COMPANY, THE, Renton WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr AEGON N.V., The Hague GS
Lessor SPV/ SUN EXPRESS, Antalya 07
Lessee SUN EXPRESS, Antalya
Project Name SUNEXPRESS
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVAL. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction. Director Mulvaney voted against.
ITEM NO 1B
Country TURKEY AP088967XA
Request for FINAL COMMITMENT
Applicant SUN EXPRESS, Antalya
Borrower SPV/ SUN EXPRESS, Antalya 07
Buyer SPV/ SUN EXPRESS, Antalya 07
End-user SUN EXPRESS, Antalya
Exporter BOEING COMPANY, THE, Renton WA
Supplier BOEING COMPANY, THE, Renton WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr BNP PARIBAS, New York NY
Gtd Lndr ING CAPITAL LLC, New York NY
Lessor SPV/ SUN EXPRESS, Antalya 07
Lessee SUN EXPRESS, Antalya
Project Name SUNEXPRESS
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVAL. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction. Director Mulvaney voted against.
ITEM NO 2
Country AZERBAIJAN AP088942XX
Request for FINAL COMMITMENT
Applicant AZERBAIJAN AIRLINES, Baku
Borrower SPV/AZERBAIJAN AIRLINES, Baku
Buyer SPV/AZERBAIJAN AIRLINES, Baku
End-user AZERBAIJAN AIRLINES, Baku
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, North Charleston SC
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, North Charleston SC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr BAYERISCHE LANDESBANK, Munchen BY
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name AZERBAIJAN AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Mulvaney all voted in favor of the transaction.
TRADE CREDIT INSURANCE DIVISON
ITEM NO 3
Request For: Renewal of Short-Term Africa Initiative
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Mulvaney all voted in favor of the Renewal for three Years from March 31, 2015 to March 31, 2018.