News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MARCH 23, 2010

ITEM NO 1.	Minutes of February 4, 2010, Board Meeting to be approved.
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.


ITEM NO 2.	Minutes of February 18, 2010, Board Meeting to be approved. 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.


ITEM NO 3.	Country   JORDAN - AP079558XX                          
FOREIGN BUYER:  VTEL Holdings, Ltd. Dubai 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the request.


ITEM NO 4A
Country MOROCCO                                AP078791XX
Request for FINAL COMMITMENT 			Conversion No 8

Applicant      ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower       SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer          SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user       ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   APPLE BANK FOR SAVINGS, MANHASSET NY
Lessor         SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee         ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 4B
Country MOROCCO                                PC078791XX
Request for Amendment of the Preliminary Commitment

Applicant      ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower       SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer          SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user       ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee         ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
PC Expiry Date 05/14/10

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the amendment, Director Farrell recused herself.


ITEM NO 4C
Country MOROCCO                                PC083154XX
Request for Amendment of the Preliminary Commitment

Applicant      ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower       SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer          SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user       ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter       BOEING COMPANY, THE, EVERETT WA
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, EVERETT WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee         ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
PC Expiry Date 02/14/10

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the amendment, Director Farrell recused herself.

ITEM NO 5
Country TURKEY                                 AP084864XX
Request for FINAL COMMITMENT

Applicant      SUNEXPRESS, ANTALYA TURKEY
Borrower       SPV/SUNEXPRESS, ANTALYA TURKEY
Buyer          SPV/SUNEXPRESS, ANTALYA TURKEY
End-user       SUNEXPRESS, ANTALYA TURKEY
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   TORONTO-DOMINION BANK, THE, MOUNT LAUREL NJ
Lessor         SPV/SUNEXPRESS, ANTALYA TURKEY
Lessee         SUNEXPRESS, ANTALYA TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 

Board Decision:  Refer To U.S. Congress.  Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.