News | Board Minutes | 2003

                     EXPORT-IMPORT BANK OF THE UNITED STATES

             SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                              DECEMBER 2, 2003

ITEM NO 1A

Country CANADA                          AP076615XX

Request for FINAL COMMITMENT            Conversion No. 2

Applicant      WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA

Borrower       SPV/WESTJET, CALGARY, ALBERTA, CANADA

Guarantor      WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N CANADA

Guarantor      WESTJET AIRCRAFT ACQUISITION CORP,CALGARY,ALBERTA,T2E 8 CANADA

Guarantor      ADDITIONAL GUARANTORS

Buyer          SPV/WESTJET, CALGARY, ALBERTA, CANADA

End-user       WESTJET (THE PARTNERSHIP), CALGARY, ALBERTA T2EN4 CANADA

Exporter       BOEING COMPANY, THE, RENTON WA

Supplier       CFM INTERNATIONAL INC, CINCINNATI OH

Supplier       LIVETV, LLC, MELBOURNE FL

Supplier       BOEING COMPANY, THE, RENTON WA

Gteed Lender   ING DIRECT CANADA, NORTH YORK, ONTARIO, CA CANADA

Gteed Lender   SOCIETE GENERALE, NEW YORK NY

Gteed Lender   ADDITIONAL GTEED LENDERS

Lessor         SPV/WESTJET, CALGARY, ALBERTA, CANADA

Lessee         WESTJET (THE PARTNERSHIP), CALGARY, ALBERTA T2EN4 CANADA

Cofin ECA      NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  12 YEARS

Board Decision APPROVED    

ITEM NO 1B

Country CANADA                                 PC076615XX

Request for AMENDMENT OF PRELIMINARY COMMITMENT

Applicant      WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA

Borrower       SPV/WESTJET, CALGARY, ALBERTA, CANADA

Guarantor      WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N CANADA

Guarantor      WESTJET AIRCRAFT ACQUISITION CORP,CALGARY,ALBERTA, T2E 8 CANADA

Guarantor      ADDITIONAL GUARANTORS

Buyer          SPV/WESTJET, CALGARY, ALBERTA, CANADA

End-user       WESTJET (THE PARTNERSHIP), CALGARY, ALBERTA T2EN4 CANADA

Exporter       BOEING COMPANY, THE, RENTON WA

Supplier       BOEING COMPANY, THE, RENTON WA

Supplier       CFM INTERNATIONAL INC, CINCINNATI OH

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Lessor         SPV/WESTJET, CALGARY, ALBERTA, CANADA

Lessee         WESTJET (THE PARTNERSHIP), CALGARY, ALBERTA T2EN4 CANADA

Cofin ECA      NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

PC Expiry Date 02/14/04

Board Decision APPROVED

ITEM NO 2

Country PAKISTAN                               AP079190XX

Request for AMENDMENT OF FINAL COMMITMENT

Applicant      PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN

Borrower       SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN

Guarantor      GOVT OF PAKISTAN, ISLAMABAD PAKISTAN PAKISTAN

Buyer          SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN

End-user       PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN

Exporter       BOEING COMPANY, EVERETT WA

Exporter       BOEING COMPANY, EVERETT WA

Supplier       BOEING COMPANY, EVERETT WA

Supplier       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH

Gteed Lender   CITIBANK N A, NEW YORK NY

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  12 YEARS

Board Decision APPROVED

ITEM NO 3

Country SAUDI ARABIA                           AP080186XX

Request for FINAL COMMITMENT

Applicant      ARAB BANKING CORP, NEW YORK NY

Borrower       SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA

Guarantor      NONE

Buyer          SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA

End-user       NATIONAL AIR SERVICE COMPANY LTD., JEDDAH 21415 SAUDI ARABIA

Exporter       GULFSTREAM AEROSPACE CORP DEL, SAVANNAH GA

Supplier       AEROSTRUCTURES CORP, NASHVILLE TN

Supplier       GOODRICH AVIONICS SYSTEMS INC, GRAND RAPIDS MI

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   ARAB BANKING CORP, NEW YORK NY

Lessor         SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA

Lessee         NATIONAL AIR SERVICE COMPANY LTD., JEDDAH 21415 SAUDI ARABIA

Cofin ECA      NONE

Project Name

Project Description EXECUTIVE AND VIP AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  7 YEARS

Board Decision APPROVED