Board Decision: APPROVED

ITEM NO 2 Minutes of July 19, 2005, Board Meeting to be approved
Board Decision: APPROVED

ITEM NO 3 Exporter Risk-Sharing Program (ERP)
Board Decision: APPROVED

ITEM NO 4A
Country CANADA AP076615XX (Conversion No. 4)
Request for FINAL COMMITMENT

Applicant WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA
Borrower SPV/WESTJET, CALGARY, ALBERTA, CANADA
Guarantor WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N CANADA
Guarantor WESTJET AIRCRAFT ACQUISITION CORP., CALGARY, ALBERTA, T2E 8 CANADA
Guarantor ADDITIONAL GUARANTORS
Buyer SPV/WESTJET, CALGARY, ALBERTA, CANADA
End-user WESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier LIVETV, LLC, MELBOURNE FL
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/WESTJET, CALGARY, ALBERTA, CANADA
Lessee WESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision APPROVED

ITEM NO 4B
Country CANADA PC081554XX
Request for PRELIMINARY COMMITMENT

Applicant WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA
Borrower SPV/WESTJET, CALGARY, ALBERTA, CANADA
Guarantor WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N CANADA
Guarantor WESTJET AIRCRAFT ACQUISITION CORP., CALGARY, ALBERTA, T2E 8 CANADA
Guarantor ADDITIONAL GUARANTORS
Buyer SPV/WESTJET, CALGARY, ALBERTA, CANADA
End-user WESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier LIVETV, LLC, MELBOURNE FL
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender TO BE DETERMINED,
Lessor SPV/WESTJET, CALGARY, ALBERTA, CANADA
Lessee WESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 01/15/06

Board Decision APPROVED