News | Board Minutes | 2004

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 23, 2004

ITEM NO. 1  Resolution Regarding PEFCO Secured Notes Issues
           Board Decision:  APPROVED

ITEM NO. 2
Country   PANAMA
Request   FINAL COMMITMENT (AMENDMENT)   AP080739XX
    REQUEST BY PEFCO FOR EX-IM BANK APPROVAL OF ITS FIXED INTEREST LENDING RATE

Applicant     CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Borrower      SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Guarantor     COPA HOLDINGS, S.A., PANAMA CITY PANAMA
Buyer         SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
End-user      CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Exporter      BOEING COMPANY, THE, RENTON WA
Supplier      CFM INTERNATIONAL INC, CINCINNATI OH
Supplier      BOEING COMPANY, THE, RENTON WA
Gteed Lender  PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor        SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Lessee        OVAL FINANCIAL LEASING LTD, ROAD TOWN, TORTOLA VIRGIN ISL (UK)

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision APPROVED 

ITEM NO 3
Country UNITED ARAB EMIRATES                   AP080986XX
Request for FINAL COMMITMENT

Applicant      EMIRATES AIRLINES, DUBAI U ARAB EMIRATES
Borrower       SPV/EMIRATES AIRLINES, DUBAI U ARAB EMIRATES
Guarantor      NONE
Buyer          SPV/EMIRATES AIRLINES, DUBAI U ARAB EMIRATES
End-user       EMIRATES AIRLINES, DUBAI U ARAB EMIRATES
Exporter       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Gteed Lender   ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Lessor         SPV/EMIRATES AIRLINES, DUBAI U ARAB EMIRATES
Lessee         EMIRATES AIRLINES, DUBAI U ARAB EMIRATES

Project Name  NONE
Project Description AIR TRANSPORTATION - AIRCRAFT ENGINES
Product Description AIRCRAFT ENGINES

Board Decision REFER TO US CONGRESS

ITEM NO 4 WITHDRAWN