Summary of the Meeting of the Board of Directors

April 25, 2012 December 31, 1969

Completed

Agenda
I. NON-CLASSIFIED ITEMS:



OPEN: NONE



CLOSED:

TRANSPORTATION DIVISION

1. COUNTRY: KOREA - AP087000XX

FOREIGN BUYER: SPV/Korea Air Lines

END USER: Korean Air Lines Co. Ltd.

PRODUCTS: Aircraft



2. COUNTRY: UNITED ARAB EMIRATES - AP087054XX

FOREIGN BUYER: SPV/Emirates Airlines

END USER: Emirates Airline

PRODUCTS: Aircraft



3. COUNTRY: IRELAND - AP086983XX

FOREIGN BUYER: SPV/CIT Aerospace International

END USER: Various Users

PRODUCTS: Aircraft



4A. COUNTRY: SINGAPORE - AP087008XX

FOREIGN BUYER: SPV/BOC Aviation Pte., Ltd.

END USERS: Thai Airways International Public Co. Ltd.

PRODUCTS: Aircraft



4B. COUNTRY: SINGAPORE - AP087008XA

FOREIGN BUYER: SPV/BOC Aviation Pte., Ltd.

END USERS: Thai Airways International Public Co. Ltd.

PRODUCTS: Aircraft



5A. COUNTRY: SOUTH AFRICA - AP085158XX (Conversion No. 1)

FOREIGN BUYER: SPC/Comair, Ltd.

END USER: Comair, Ltd

PRODUCTS: Aircraft



5B. COUNTRY: SOUTH AFRICA - AP085158XX (Conversion No. 2)

FOREIGN BUYER: SPC/Comair, Ltd.

END USER: Comair, Ltd

PRODUCTS: Aircraft



5C. COUNTRY: SOUTH AFRICA - PC085158XX (Amendment)

FOREIGN BUYER: SPC/Comair, Ltd.

END USER: Comair, Ltd

PRODUCTS: Aircraft



6. COUNTRY: MEXICO - AP087066XX

FOREIGN BUYER: SPV/Aerovias de Mexico, S.A. de C.V.

END USER: Aerovias de Mexico, S.A. de C.V.

PRODUCTS: Aircraft



7A. COUNTRY: PHILIPPINES - AP87074XX

FOREIGN BUYER: SPV/Philippine Airlines, Inc.

END USER: Philippine Airlines, Inc.

PRODUCTS: Aircraft



7B. COUNTRY: PHILIPPINES - PC87073XX

FOREIGN BUYER: SPV/Philippine Airlines, Inc.

END USER: Philippine Airlines, Inc.

PRODUCTS: Aircraft



STRUCTURED FINANCE DIVISION

8A. COUNTRY: MEXICO - AP086912XX

FOREIGN BUYER: Pemex Exploracion y Produccion

PRODUCTS: Gas & Oil Field Goods and Services




8B. COUNTRY: MEXICO - AP086926XX

FOREIGN BUYER: Pemex Exploracion y Produccion

PRODUCTS: Gas & Oil Field Goods and Services



8C. COUNTRY: MEXICO - AP086925XX

FOREIGN BUYER: Pemex Exploracion y Produccion

PRODUCTS: Gas & Oil Field Goods and Services



8D. COUNTRY: MEXICO - AP086924XX

FOREIGN BUYER: Pemex Exploracion y Produccion

PRODUCTS: Gas & Oil Field Goods and Services




II. CLASSIFIED ITEMS: NONE
Certification for Closure of Meeting

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 Wednesday, April 25, 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

Date Posted
Summary of Minutes

SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
APRIL 25, 2012



ITEM NO 1
Country KOREA, SOUTH AP087000XX
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
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 TD BANK, N.A., MOUNT LAUREL NJ
Gteed Lndr BANK OF TOKYO MITSUBISHI UFJ, LTD, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA, SEOUL 150-996, KOREA KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 25, 2012

ITEM NO 2
Country UNITED ARAB EMIRATES AP087054XX
Request for FINAL COMMITMENT

Applicant EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Borrower SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Buyer SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
End-user EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
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 & CO, NEW YORK NY
Lessor SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Lessee EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Walther all voted in favor of the referral. Director Mulvaney voted against.


ITEM NO 3
Country IRELAND AP086983XX
Request for FINAL COMMITMENT

Applicant CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND
Borrower SPV/CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND
Buyer SPV/CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND
End User CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND
End User NORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
End-user ADDITIONAL END-USERS
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND
Lessee CIT AEROSPACE INTERNATIONAL, DUBLIN IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 25, 2012

ITEM NO 4A
Country SINGAPORE AP087008XX
Request for FINAL COMMITMENT

Applicant BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Borrower SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End-user THAI AIRWAYS INTERNATIONAL PUBLIC CO LTD, CHATUCHAK, BANGKOK THAILAND
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 APPLE BANK FOR SAVINGS, NEW YORK NY
Lessor SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description NONE
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.


ITEM NO 4B
Country SINGAPORE AP087008XA
Request for FINAL COMMITMENT

Applicant BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Borrower SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End-user THAI AIRWAYS INTERNATIONAL PUBLIC CO LTD, CHATUCHAK, BANGKOK THAILAND
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 SOVEREIGN BANK, BOSTON MA
Lessor SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description NONE
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 25, 2012

ITEM NO 5A
Country SOUTH AFRICA AP085158XX
Request for FINAL COMMITMENT Conversion No 1

Applicant COMAIR LIMITED, BONAGRO PARK SOUTH AFRICA
Borrower SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFRICA
Buyer SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFRICA
End-user COMAIR LIMITED, BONAGRO PARK SOUTH AFRICA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr RAND MERCHANT BANK LTD., SANDTON SOUTH AFRICA
Lessor SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFRICA
Lessee COMAIR LIMITED, BONAGRO PARK SOUTH AFRICA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.


ITEM NO 5B
Country SOUTH AFRICA AP085158XX
Request for FINAL COMMITMENT Conversion No 2

Applicant COMAIR LIMITED, BONAGRO PARK SOUTH AFRICA
Borrower SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFRICA
Buyer SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFRICA
End-user COMAIR LIMITED, BONAGRO PARK SOUTH AFRICA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPC/COMAIR LIMITED, JOHANNESBURG, SOUTH AFRICA SOUTH AFR