ITEM NO 1 Minutes of June 30, 2005, Board Meeting to be approved
Board Decision: APPROVED

ITEM NO 2
Country IRELAND AP081304XX
Request for FINAL COMMITMENT

Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Guarantor RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR LTD., CLOGHRAN IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO CONGRESS

ITEM NO 3A
Country NEW ZEALAND AP081879XX
Request for FINAL COMMITMENT

Applicant AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Guarantor AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Buyer SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
End-user AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter BOEING COMPANY, EVERETT WA
Supplier BOEING COMPANY, EVERETT WA
Supplier ROLLS ROYCE LTD, LONDON UNITED KINGDOM
Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Head Lessor SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Head Lessee AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessor AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessee AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Cofin ECA EXPORT CREDITS & GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO CONGRESS

ITEM NO 3B
Country NEW ZEALAND PC081880XX
Request for PRELIMINARY COMMITMENT

Applicant AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Guarantor AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Buyer SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
End-user AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter BOEING COMPANY, EVERETT WA
Supplier ROLLS ROYCE LTD, LONDON UNITED KINGDOM
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN NEW ZEALAND
Head Lessor SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Head Lessee AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessor AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessee AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Cofin ECA EXPORT CREDITS & GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO CONGRESS

ITEM NO 4A
Country MEXICO AP081115XX
Request for FINAL COMMITMENT

Applicant AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Borrower SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Guarantor NONE
Buyer SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
End-user AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Lessee AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO CONGRESS

ITEM NO 4B
Country MEXICO PC081884XX
Request for PRELIMINARY COMMITMENT

Applicant AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Borrower SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Guarantor NONE
Buyer SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
End-user AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
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
Lessor SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Lessee AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO CONGRESS

ITEM NO 5
Country GERMANY, FEDERAL REPUBLIC OF AP081735XX
Request for FINAL COMMITMENT

Applicant BAVARIA INTL AIRCRAFT LEASING GMBH, GRUNWALD, BAYERN 82031 GERMANY FED REP
Borrower SPC/BAVARIA INTL AIRCRAFT LEASING GMBH, GRUNWALD GERMANY FED REP
Guarantor NONE
Buyer SPC/BAVARIA INTL AIRCRAFT LEASING GMBH, GRUNWALD GERMANY FED REP
End-user CHINA SOUTHERN AIR HOLDING XINJIANG CO.,URUMQI, XINJIANG 830016 CHINA(MAINLAND)
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender ABN AMRO BANK N.V., CHICAGO IL
Lessor SPC/BAVARIA INTL AIRCRAFT LEASING GMBH, GRUNWALD GERMANY FED REP
Lessee BAVARIA INTL AIRCRAFT LEASING GMBH, GRUNWALD, BAYERN 82031 GERMANY FED REP

Project Name NONE
Project Description AIR TRANSPORTATION
Repayment Term 12 YEARS
Product Description AIRCRAFT

Board Decision APPROVED

ITEM NO 6
Country QATAR AP081360XX
Request for FINAL COMMITMENT

Applicant MANUFACTURERS & TRADERS TRUST COMPANY, BALTIMORE MD
Borrower ALMANA TRADING WLL, DOHA QATAR
Guarantor ALMANA TRADING WLL, DOHA QATAR
Guarantor ALMANA GROUP WLL, DOHA QATAR
Guarantor ADDITIONAL GUARANTORS
Buyer ALMANA TRADING WLL, DOHA QATAR
End-user ALMANA TRADING WLL, DOHA QATAR
Exporter LIBERY TEXTILE GROUP, INC., WYNNWOOD PA
Exporter AMERICAN STANDARD COMPANIES, INC., PISCATAWAY, NJ
Exporter ADDITIONAL EXPORTERS
Supplier LIBERY TEXTILE GROUP, INC., WYNNWOOD PA
Supplier AMERICAN STANDARD COMPANIES, INC., PISCATAWAY, NJ
Supplier ADDITIONAL SUPPLIERS
Gteed Lender MANUFACTURERS & TRADERS TRUST COMPANY, BALTIMORE MD

Project Name NONE
Project Description RESIDENTIAL CONSTRUCTION
Product Description EQUIPMENT, SERVICES, MATERIALS TO DESIGN, BUILD
Financed Amount $ 30,936,289
Repayment Term 7 YEARS

Board Decision APPROVED

Item No. 7 Request for an Ex-Im Bank Bank Letter of Credit insurance policy.
Board Decision: APPROVED