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Summary of the Meeting of the Board of Directors

Thursday, April 28, 2005
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Tuesday, June 14, 2005

EXPORT-IMPORT BANK OF THE UNITED STATES SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS APRIL 28, 2005

Board Decision: APPROVED
ITEM NO 2A
Country CHILE AP081283XX
Request for FINAL COMMITMENT
Request by Private Export Funding Corporation (PEFCO) for Ex-Im Bank
approval of its Fixed Interest Lending Rate on its participation in
the proposed financing.
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPC/LAN CARGO S.A., SANTIAGO CHILE
Guarantor LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPC/LAN CARGO S.A., SANTIAGO CHILE
End-user LAN CARGO S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPC/LAN CARGO S.A., SANTIAGO CHILE
Lessee LAN CARGO S.A., LAS CONDES, SANTIAGO CHILE
Project Name NONE
Project Description AIR FREIGHT TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision APPROVED, ALSO APPROVED PEFCO PARTICIPATION
ITEM NO 2B
Country CHILE AP081464XX
Request for FINAL COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Guarantor LAN CARGO S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision APPROVED
ITEM NO 2C
Country CHILE PC081326XX
Request for PRELIMINARY COMMITMENT
Applicant LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower SPC/LAN AIRLINES SA, SANTIAGO CHILE
Guarantor LAN CARGO S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPC/LAN AIRLINES SA, SANTIAGO CHILE
End-user LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPC/LAN AIRLINES SA, SANTIAGO CHILE
Lessee LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 11/15/05
Board Decision APPROVED