News | Board Minutes | 2009

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   DECEMBER 10, 2009


ITEM NO 1
Country UNITED STATES                          AP084618XX
Request for FINAL COMMITMENT

Applicant      GE CAPITAL AVIATION FUNDING, SHANNON, CLARE COUNTY IRELAND
Borrower       SPV/GE CAPITAL AVIATION FUNDING, SHANNON, CLARE COUNTY IRELAND
Buyer          SPV/GE CAPITAL AVIATION FUNDING, SHANNON, CLARE COUNTY IRELAND
End User       PHILIPPINE AIRLINES INC, MAKATI, MAN PHILIPPINES
End User       JET AIRWAYS INDIA LTD., MUMBAI INDIA
End-user       ADDITIONAL END-USERS
Exporter       BOEING COMPANY, THE, RENTON WA
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, EVERETT WA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   JP MORGAN CHASE BANK, NEW YORK NY
Lessor         SPV/GE CAPITAL AVIATION FUNDING, SHANNON, CLARE COUNTY IRELAND
Lessee         GE CAPITAL AVIATION FUNDING, SHANNON, CLARE COUNTY IRELAND
Cofin ECA      NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

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 2
Country SPAIN                                  AP084578XX
Request for FINAL COMMITMENT

Applicant      BANCO BILBOA VIZCAYA ARGENTARIA, S.A., NEW YORK NY
Borrower       HISPASAT, S.A., 28023 MADRID SPAIN
Guarantor      NONE
Buyer          HISPASAT, S.A., 28023 MADRID SPAIN
End-user       HISPASAT, S.A., 28023 MADRID SPAIN
Exporter       SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Exporter       TO BE DETERMINED, UNKNOWN DC
Supplier       SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Supplier       TO BE DETERMINED, UNKNOWN DC
Gteed Lender   BANCO BILBOA VIZCAYA ARGENTARIA, S.A., NEW YORK NY

Project Name NONE
Project Description TELECOMMUNICATION SERVICES
Product Description ONE SATELLITE LAUNCH INSURANCE
Financed Amount $ 174,827,951
Repayment Term 8.6 YEARS

Board Decision APPROVED.  Chairman Hochberg, Directors Kian and Farrell all voted in favor of the transaction.


ITEM NO 3
Country UNITED ARAB EMIRATES                   AP084863XX
Request for FINAL COMMITMENT

Applicant      BNP-PARIBAS, NEW YORK NY
Borrower       SPV/WAHA CAPITAL, ABU DHABI U ARAB EMIRATES
Buyer          PRESIDENTIAL FLIGHT AUTHORITY, ABU DHABI U ARAB EMIRATES
End-user       PRESIDENTIAL FLIGHT AUTHORITY, ABU DHABI U ARAB EMIRATES
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, EVERETT WA
Gteed Lender   BNP-PARIBAS, NEW YORK NY

Project Name NONE
Project Description AIR TRANSPORTATION - EXECUTIVE
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.