News | Board Minutes | 2007

                    EXPORT-IMPORT BANK OF THE UNITED STATES
              SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                             OCTOBER 18, 2007


ITEM NO 1	Minutes of September 27, 2007, Board Meeting to be approved 
Board Decision:  APPROVED


ITEM NO 2	
Country PANAMA                                 AP083274XX
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      OVAL FINANCIAL LEASING LTD, ROAD TOWN, TORTOLA VIRGIN ISL (UK)
Guarantor      AEROREPUBLICA S.A., PEREIRA COLOMBIA
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         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 APPROVED