Summary of the Meeting of the Board of Directors
Completed
1. Minutes of April 18, 2013 Board Meeting to be approved 
2. Minutes of April 25, 2013 Board Meeting to be approved 
TRANSPORTATION DIVISION
3A. COUNTRY: BRAZIL - AP083332XX (Conversion No. 5)
FOREIGN BUYER: SPV/VRG Linhas Aereas, S.A.
END USER: VRG Linhas Aereas, S.A.
PRODUCTS: Aircraft
3B. COUNTRY: BRAZIL - AP087901XX 
FOREIGN BUYER: VRG Linhas Aereas, S.A.
PRODUCTS: Engine Overhaul Services
I, Inci Tonguch-Murray, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, May 9, 2013, 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.
Inci Tonguch-Murray
Assistant General Counsel (Acting)
ITEM NO 1  Minutes of April 18, 2013 Board Meeting for consideration and approval.
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton, 
Director Loui and Director Walther all voted in favor of the minutes. 
ITEM NO 2  Minutes of April 25, 2013 Board Meeting for consideration and approval.
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton, 
Director Loui and Director Walther all voted in favor of the minutes. 
ITEM NO 3A
Country BRAZIL  AP083332XX
Request for FINAL COMMITMENT
Applicant  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
BorrowerSPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Buyer  SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
End-user  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
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
Gtd LndrGOLDMAN SACHS GROUP INC. (THE), NEW YORK NY
Gtd LndrCREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor  SPV/VRG LINHAS AEREAS S.A., SAO PAULO 04646-020 BRAZIL
Lessee  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Project Name AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton, Director Loui 
and Director Walther all voted in favor of the transaction.
ITEM NO 3B
Country BRAZIL  AP087901XX
Request for FINAL COMMITMENT
Applicant  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Borrower  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Buyer  VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
End-userVRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Exporter  DELTA TECHNOLOGY, LLC, ATLANTA GA
Supplier  DELTA TECHNOLOGY, LLC, ATLANTA GA
Gteed LndrJPMORGAN CHASE BANK, N.A., NEW YORK NY
Project Name NONE
Project Description AIRCRAFT MAINTENANCE
Product Description AIRCRAFT ENGINE MAINTENANCE
Repayment Term 2 YEARS
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton, Director Loui 
and Director Walther all voted in favor of the transaction.

