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Summary of the Meeting of the Board of Directors

Thursday, April 9, 1998
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Monday, April 21, 2003

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 9, 1998

ITEM NO 5
Country CHINA (MAINLAND) AP073241XX
Request for FINAL COMMITMENT
Applicant CHASE SECURITIES INC., NEW YORK NY
Borrower SPV/CHINA XINJIANG AIRLINES, XINJIANG PROVINCE CHINA(MAINLAND)
Guarantor INDUSTRIAL & COMMERCIAL BANK OF CHINA, BEIJING 100036 CHINA(MAINLAND)
Buyer SPV/CHINA XINJIANG AIRLINES, XINJIANG PROVINCE CHINA(MAINLAND)
End-user CHINA XINJIANG AIRLINES, XINJIANG UYGUR AUTONOMOUS REGION, 830016 CHINA(MAINLAND)
Exporter BOEING COMPANY THE*, SEATTLE WA
Supplier BOEING COMPANY THE*, SEATTLE WA
Gteed Lender CHASE SECURITIES INC., NEW YORK NY
Lessor SPV/CHINA XINJIANG AIRLINES, XINJIANG PROVINCE CHINA(MAINLAND)
Lessee CHINA XINJIANG AIRLINES, XINJIANG UYGUR AUTONOMOUS REGION, 830016 CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD78,460,694
Repayment Term 12 YEARS
Board Decision APPROVED - ALSO APPROVED PEFCO PARTICIPATION.

ITEM NO 6
Request for: PRE-COMPLETION COVER FOR THE PROJECT FINANCE PROGRAM
Board Decision: Approved; in case-by-case determinations of coverage, staff
directed to consider uncovered risk-taking by other parties,
recourse to other parties, and market availability of
construction financing.

MEETING OF BOARD OF DIRECTORS