Summary of the Meeting of the Board of Directors
Completed
I.NON-CLASSIFIED ITEMS:
OPEN:NONE
CLOSED:
1.Minutes of May 10, 2012 Board Meeting to be approved
2.Minutes of May 17, 2012 Board Meeting to be approved
TRANSPORTATION DIVISION
Pending Congressional Review - Expiry Date: 05-30-12
3A.COUNTRY:CHILE - AP087050XX
FOREIGN BUYER:SPV/Lan Airlines, S.A.
END USER:Lan Airlines, S.A.
PRODUCTS:Aircraft
(See Item No. 1A on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
3B.COUNTRY:CHILE - AP087050XA
FOREIGN BUYER:SPV/Lan Airlines, S.A.
END USER:Lan Airlines, S.A.
PRODUCTS:Aircraft
(See Item No. 1B on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
3C.COUNTRY:CHILE - AP087051XX
FOREIGN BUYER:SPV/Lan Airlines, S.A.
END USER:Lan Airlines, S.A.
PRODUCTS:Aircraft
(See Item No. 1C on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
3D.COUNTRY:CHILE - AP087052XX
FOREIGN BUYER:SPV/Lan Airlines, S.A.
END USER:Lan Airlines, S.A.
PRODUCTS:Aircraft
(See Item No. 1D on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
4.COUNTRY:CHINA - AP087009XX
FOREIGN BUYER:SPV/China Southern Airlines
END USER:China Southern Airlines
PRODUCTS: Aircraft
(See Item No. 2 on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
5A.COUNTRY:BRAZIL - AP087039XA
FOREIGN BUYER:SPV/TAM Linhas Aereas, S.A.
END USER:TAM Linhas Aereas, S.A
PRODUCTS:Aircraft
(See Item No. 3 on the 04-26-12 Agenda - also see addendum)
5B.COUNTRY:BRAZIL - AP087039XB
FOREIGN BUYER:SPV/TAM Linhas Aereas, S.A.
END USER:TAM Linhas Aereas, S.A
PRODUCTS:Aircraft
(See Item No. 3 on the 04-26-12 Agenda - also see addendum)
Pending Congressional Review - Expiry Date: 05-30-12
6A.COUNTRY: KOREA, SOUTH - AP086969XX
FOREIGN BUYER: SPV/Asiana Airlines
END USER:Asiana Airlines, Inc.
PRODUCTS: Aircraft
(See Item No. 4A on the 04-26-12 Agenda)
Pending Congressional Review - Expiry Date: 05-30-12
6B.COUNTRY: KOREA, SOUTH - PC087013XX
FOREIGN BUYER: SPV/Asiana Airlines
END USER:Asiana Airlines, Inc.
PRODUCTS: Aircraft
(See Item No. 4B on the 04-26-12 Agenda)
Pending Congressional Review - Expiry Date: 05-09-12
7.COUNTRY:RUSSIA - AP086502XX
FOREIGN BUYER:SPV/UTair Aviation
END USER:UTair Aviation
PRODUCTS:Aircraft
(See Item No. 2 on the 04-05-12 Agenda - also see addendum)
8A.COUNTRY:ETHIOPIA - AP081763XX (Conversion No. 1)
FOREIGN BUYER:SPV/Ethiopian Airlines SC
END USER:Ethiopian Airlines Enterprise SC
PRODUCTS:Aircraft
(Notes:NAC reviewed 07-07-05 at the PC stage; Congressional Expiry Date: 07-28-10)
8B.COUNTRY:ETHIOPIA - AP081763XX (Conversion No. 2)
FOREIGN BUYER:SPV/Ethiopian Airlines SC
END USER:Ethiopian Airlines Enterprise SC
PRODUCTS:Aircraft
(Notes:NAC reviewed 07-07-05 at the PC stage; Congressional Expiry Date: 07-28-10)
9.COUNTRY: BRAZIL - AP086822XX
FOREIGN BUYER: SPV/Lider Aircraft Leasing
END-USER: Lider Taxi Aereo, S.A.
PRODUCTS: Helicopters
10.COUNTRY:MONGOLIA - AP086991XX
FOREIGN BUYER: SPV/Miat Mongolian Airlines
END USER:Miat Mongolian Airlines
PRODUCTS:Aircraft
11.COUNTRY:CHINA - AP086127XX (Conversion No. 2)
FOREIGN BUYER:SPV/Air China
END-USER:Air China
PRODUCTS: Aircraft
12.COUNTRY:THE NETHERLANDS - AP087111XX
FOREIGN BUYER:SPV/Transavia.com Airlines
END-USER:Transavia.com Airlines CV
PRODUCTS: Aircraft
STRUCTURED FINANCE DIVISION
13.COUNTRY: BRAZIL - AP086774XX
BUYER:Wind Power Energia, S.A.
PRODUCTS:Wind Turbine Blades
II.CLASSIFIED ITEMS: NONE
I, Lisa V. Terry, Assistant General Counsel for Administration (Acting) , hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday,May 31, 2012, 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.
Lisa V. Terry
Assistant General Counsel
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
May 31, 2012
ITEM NO 1 Minutes of May 10, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted
in favor of the minutes.
ITEM NO 2 Minutes of May 17, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted
in favor of the minutes.
ITEM NO 3A
Country CHILE AP087050XX
Request for FINAL COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK, NY
Lessor SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 3B
Country CHILE AP087050XA
Request for FINAL COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK, NY
Lessor SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 3C
Country CHILE AP087051XX
Request for FINAL COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK, NY
Lessor SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 3D
Country CHILE AP087052XX
Request for FINAL COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier ROLLS ROYCE ENGINE SERVICES-OAKLAND INC., OAKLAND CA
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK, NY
Lessor SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 4
Country CHINA AP087009XX
Request for FINAL COMMITMENT
Applicant CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Borrower SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
Buyer SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
End-user CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr MIZUHO CORPORATE BANK, LTD., TOKYO JAPAN
Lessor SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
Lessee CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 5A
Country BRAZIL AP087039XA
Request for FINAL COMMITMENT
Applicant TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Borrower SPV/TAM LINHAS AEREAS S.A., SAO PAULO 04072-000 BRAZIL
Buyer SPV/TAM LINHAS AEREAS S.A., SAO PAULO 04072-000 BRAZIL
End-user TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lndr CREDIT AGRICOLE SA, PARIS, VILLE DE P 75015 FRANCE
Gteed Lndr APPLE BANK FOR SAVINGS, NEW YORK NY
Lessor SPV/TAM LINHAS AEREAS S.A., SAO PAULO 04072-000 BRAZIL
Lessee TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the trans