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Summary of the Meeting of the Board of Directors

Thursday, April 15, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, May 13, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

APRIL 15, 2010

ITEM NO 1A
Country AUSTRALIA AP085035XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA

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 1B
Country AUSTRALIA PC085036XX
Request for PRELIMINARY COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
PC Expiry Date 09-14-10

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

ITEM NO 2 - WITHDRAWN