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Summary of the Meeting of the Board of Directors

Thursday, February 24, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, February 24, 2011 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, except Item No. 1, may be closed to the public.

Date Posted: Thursday, February 17, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
FEBRUARY 24, 2011

ITEM NO 1 Ex-Im Bank Sub-Saharan Africa Advisory Committee Members for 2011.
Board Decision: Appointed persons to be members of Ex-Im's Bank
Advisory Committee. Chairman Hochberg, Director Kian and
Director Farrell all voted in favor of the appointments.

ITEM NO 2
Country NEW ZEALAND AP085450XX
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 FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Gteed Lender BANK OF TOKYO MITSUBISHI UFJ, LTD, NEW YORK NY
Gteed Lender TD BANK, N.A., MAHWAH NJ
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 3A
Country PANAMA AP084297XX
Request for FINAL COMMITMENT

Applicant CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Borrower SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Buyer SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
End-user CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
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 JPMORGAN CHASE & CO, NEW YORK NY
Lessor SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Lessee CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

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 3B
Country PANAMA AP085895XX
Request for FINAL COMMITMENT

Applicant CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Borrower SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Buyer SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
End-user CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Lessee CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Director Kian voted in favor of the referral, Director Farrell recused herself.

ITEM NO 3C
Country PANAMA PC085846XX
Request for PRELIMINARY COMMITMENT

Applicant CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
Borrower SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Buyer SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
End-user CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA
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 FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/COPA HOLDINGS S.A., PANAMA CITY PANAMA
Lessee CIA PANAMENA DE AVIACION S.A., PANAMA CITY PANAMA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Director Kian voted in favor of the referral, Director Farrell recused herself.

ITEM NO 4
Country UKRAINE AP085787XX
Request for FINAL COMMITMENT

Applicant BNP PARIBAS, NEW YORK NY
Borrower FERREXPO POLTAVA GOK, KOMSOMOLSK CITY, POLTAVA REGION 39802 UKRAINE
Guarantor FERREXPO AG, BAAR CH-6340 SWITZERLAND
Buyer FERREXPO POLTAVA GOK, KOMSOMOLSK CITY, POLTAVA REGION 39802 UKRAINE
End-user FERREXPO POLTAVA GOK, KOMSOMOLSK CITY, POLTAVA REGION 39802 UKRAINE
Exporter CATERPILLAR INC., PEORIA IL
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier CATERPILLAR INC., PEORIA IL
Gteed Lender BNP PARIBAS, NEW YORK NY

Project Name NONE
Project Description IRON ORE MINING
Product Description MINING TRUCKS
Financed Amount $ 19,148,473
Repayment Term 6.5 YEARS

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