News | Board Minutes | 2007

                           EXPORT-IMPORT BANK OF THE UNITED STATES

                         SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

            JUNE 14, 2007

ITEM NO 1A

Country PANAMA                                 AP083276XX

Request for FINAL COMMITMENT

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 0831-02678 PANAMA

Guarantor      AEROREPUBLICA S.A., PEREIRA COLOMBIA

Guarantor      OVAL FINANCIAL LEASING LTD, ROAD TOWN, TORTOLA VIRGIN ISL (UK)

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   J P MORGAN SECURITIES INC, NEW YORK NY

Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Lessor         SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA

Lessee         CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

Project Name NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Repayment Term  12 YEARS

Board Decision REFER TO CONGRESS

ITEM NO 1B

Country PANAMA                                 PC083274XX

Request for PRELIMINARY COMMITMENT

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 0831-02678 PANAMA

Guarantor      AEROREPUBLICA S.A., PEREIRA COLOMBIA

Guarantor      OVAL FINANCIAL LEASING LTD, ROAD TOWN, TORTOLA VIRGIN ISL (UK)

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   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Lessor         SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA

Lessee         CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

Project Name NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Board Decision REFER TO CONGRESS