EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

MARCH 25, 2010

ITEM NO 1
Country TURKEY AP084890XX
Request for FINAL COMMITMENT

Applicant PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY

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

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 2
Country KOREA, SOUTH AP084958XX
Request for FINAL COMMITMENT

Applicant ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Borrower SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender TORONTO-DOMINION BANK, THE, MOUNT LAUREL NJ
Lessor SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL 150973 KOREA, REP OF

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

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.