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Summary of the Meeting of the Board of Directors

Wednesday, October 6, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Wednesday, October 6, 2010, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

 Accordingly, such meeting may be closed to the public.

Date Posted: Wednesday, September 29, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
OCTOBER 6, 2010

ITEM NO 1A
Country NEW ZEALAND AP085449XX
Request for FINAL COMMITMENT

Applicant AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
Buyer SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
End-user AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender BANK OF TOKYO MITSUBISHI UFJ, LTD, NEW YORK NY
Gteed Lender CITIBANK N.A., NEW YORK NY
Lessor SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
Lessee AIR NEW ZEALAND AIRCRAFT HOLDINGS LTD., AUCKLAND 1001 NEW ZEALAND
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

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

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

ITEM NO 1B
Country NEW ZEALAND PC085450XX
Request for PRELIMINARY COMMITMENT

Applicant AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
Buyer SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
End-user AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AIR NEW ZEALAND AIRCRAFT HOLDINGS LT, AUCKLAND 1001 NEW ZEALAND
Lessee AIR NEW ZEALAND AIRCRAFT HOLDINGS LTD., AUCKLAND 1001 NEW ZEALAND
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
PC Expiry Date: 04/14/11

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

ITEM NO 2A
Country TURKEY AP085379XX
Request for FINAL COMMITMENT

Applicant TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Borrower SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Buyer SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
End-user TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY
Lessor SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Lessee TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

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

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

ITEM NO 2B
Country TURKEY PC085378XX
Request for PRELIMINARY COMMITMENT

Applicant TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Borrower SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Buyer SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
End-user TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Lessee TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 04/14/11
Repayment Term 12 YEARS

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

ITEM NO 3
Country IRELAND AP085490XX
Request for FINAL COMMITMENT

Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., 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 VARIOUS UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, 92920 PARIS LA DEFENSE CEDEX FRANCE
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND

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

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

ITEM NO 4
Country BRAZIL AP085081XX
Request for FINAL COMMITMENT

Applicant NEXTEL TELECOMUNICACOES LTDA, SAO PAULO BRAZIL
Borrower NEXTEL TELECOMUNICACOES LTDA, SAO PAULO BRAZIL
Guarantor NONE
Buyer NEXTEL TELECOMUNICACOES LTDA, SAO PAULO BRAZIL
End-user NEXTEL TELECOMUNICACOES LTDA, SAO PAULO BRAZIL
Exporter MOTOROLA INC, SCHAUMBURG IL
Supplier EMERSON NETWORK POWER, TEMPE AZ
Supplier NORTEL NETWORKS INC, DURHAM NC
Supplier MOTOROLA INC, SCHAUMBURG IL
Gteed Lender NONE

Project Name NONE
Project Description DISPATCH/CELLULAR SERVICE
Product Description MOBILE SWITCHES, BASE STATIONS
Financed Amount $ 89,779,040
Repayment Term 4.5 YEARS

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