Summary of the Meeting of the Board of Directors

December 19, 2013 December 31, 1969

Completed

Agenda

STRUCTURED FINANCE DIVISION
Congressional Review - Expiry Date: 12-18-13
1. COUNTRY: AUSTRALIA - AP086750XX
FOREIGN BUYER: Roy Hill Holdings, Pty Ltd
PRODUCTS: Iron Ore Mining Equipment


TRANSPORTATION DIVISION
Congressional Review - Expiry Date: 12-18-13
2. COUNTRY: CHINA - AP088217XX
FOREIGN BUYER: SPV/ Minsheng Financial Leasing Co
END USER: Various Sub-Lessees
PRODUCTS: Aircraft


3. COUNTRY: BRAZIL - AP088402XX
FOREIGN BUYER: SPV/Lider Taxi Aero, S.A.
END-USER: Lider Taxi Aereo, S.A.
PRODUCTS: Aircraft


4. COUNTRY: IRELAND - AP088132XX
FOREIGN BUYER: SPV/Milestone Aviation Group
END USER: Bristow Helicopters Ltd.
PRODUCTS: Aircraft


5. COUNTRY: RUSSIA - AP088285XX
FOREIGN BUYER: SPV/VEB Leasing JSC
END USER: Aeroflot Russian Intl Airlines
PRODUCTS: Aircraft


6. COUNTRY: UNITED ARAB EMIRATES - AP088400XX
FOREIGN BUYER: SPV/Emirates Airlines
END USER: Emirates
PRODUCTS: Aircraft

Certification for Closure of Meeting

I, Andrea Q. Bernardo, 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,December 18, 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.


Andrea Q. Bernardo
Assistant General Counsel

Date Posted
Summary of Minutes

ITEM NO 1
Country AUSTRALIA AP086750XX
Request for FINAL COMMITMENT
ApplicantROY HILL HOLDINGS PTY LTD, WEST PERTH
BorrowerROY HILL HOLDINGS PTY LTD, WEST PERTH
GuarantorNONE
Buyer ROY HILL HOLDINGS PTY LTD, WEST PERTH
End-userROY HILL HOLDINGS PTY LTD, WEST PERTH
ExporterGENERAL ELECTRIC COMPANY, ERIE PA
ExporteRATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
Exporter ADDITIONAL EXPORTERS
SupplierGENERAL ELECTRIC COMPANY, ERIE PA
SupplierATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
SupplierADDITIONAL SUPPLIERS
Gtd LndrNONE
Project Name ROY HILL PROJECT
Project Description IR0N ORE MINING
Product Description ROY HILL 1 PROJECT
Repayment Term 8YR/3MO
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the transaction.


ITEM NO 2
Country CHINA AP088217XX
Request for FINAL COMMITMENT
ApplicantMINSHENG FINANCIAL LEASING CO., LTD., TIANJIN CHINA (MAINLAND)
BorrowerSPV/MINSHENG FINANCIAL LEASING CO., LTD., TIANJIN CHINA (MAINLAND)
Buyer SPV/MINSHENG FINANCIAL LEASING CO., LTD., TIANJIN CHINA (MAINLAND)
End-user VARIOUS SUBLESSEES
Exporter GULFSTREAM AEROSPACE CORP DEL, SAVANNAH GA
Supplier GULFSTREAM AEROSPACE CORP DEL, SAVANNAH GA
Supplier VARIOUS US SMALL BUSINESSES, UNKNOWN DC
Gtd LndrAPPLE BANK FOR SAVINGS, NEW YORK NY
LessorSPV/MINSHENG FINANCIAL LEASING CO., LTD., TIANJIN CHINA (MAINLAND)
Lessee MINSHENG FINANCIAL LEASING CO., LTD., TIANJIN CHINA (MAINLAND)
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the transaction.


ITEM NO 3
Country BRAZIL AP088402XX
Request for FINAL COMMITMENT
ApplicantLIDER TAXI AEREO SA, BELO HORIZONTE, MG
Borrower SPV/LIDER TAXI AEREO S.A., BELO HORIZONTE, MG
Buyer SPV/LIDER TAXI AEREO S.A., BELO HORIZONTE, MG
End-userLIDER TAXI AEREO SA, BELO HORIZONTE, MG
ExporterSIKORSKY INTERNATIONAL PDTS, STRATFORD CT
Supplier SIKORSKY INTERNATIONAL PDTS, Stratford CT
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, Washington DC
Gtd LndrPRIVATE EXPORT FUNDING CORPORATION, NEW YORK NY
Lessor SPV/LIDER TAXI AEREO S.A., BELO HORIZONTE, MG
Lessee LIDER TAXI AEREO SA, BELO HORIZONTE, MG
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description HELICOPTERS
Repayment Term 10 YEARS
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the transaction.


ITEM NO 4
Country IRELAND AP088132XX
Request for FINAL COMMITMENT
Applicant MILESTONE AVIATION GROUP LIMITED, Dublin
Borrower SPV/MILESTONE AVIATION GROUP LIMITED, Dublin
Buyer SPV/MILESTONE AVIATION GROUP LIMITED, Dublin
End-user BRISTOW HELICOPTERS LTD., Redhill RY
Exporter SIKORSKY AIRCRAFT CORPORATION, Stratford CT
Supplier SIKORSKY AIRCRAFT CORPORATION, Stratford CT
Gtd Lndr BANK OF AMERICA, New York NY
Lessor SPV/MILESTONE AVIATION GROUP LIMITED, Dublin
Lessee MILESTONE AVIATION GROUP LIMITED, Dublin
Project Name NONE
Project Description SEARCH & RESCUE (SAR) SERVICES
Product Description AIRCRAFT MANUFACTURING
Board Decision: REFERRED to Public Notice and US Congress. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.


ITEM NO 5
Country RUSSIAN FEDERATION AP088285XX
Request for FINAL COMMITMENT
ApplicantVEB - LEASING JSC (VNESHECONOMBANK), Moscow
Borrower SPV/VEB LEASING JSC, Moscow
Buyer SPV/VEB LEASING JSC, Moscow
End-userAEROFLOT RUSSIAN INTL AIRLINES, Moscow 125167 Russia
ExporterBOEING COMPANY, THE, Everett WA
SupplierBOEING COMPANY, THE, Everett WA
SupplierGENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
SupplierVARIOUS US SMALL BUSINESSES, N/A DC
Gtd LndrAPPLE BANK FOR SAVINGS, New York NY
LessorSPV/VEB LEASING JSC, Moscow
Lessee VEB - LEASING JSC (VNESHECONOMBANK), Moscow
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),3-8-1NISHIKANDA, CHIYODA-KU TO JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFERRED to US Congress. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.


ITEM NO 6
Country UNITED ARAB EMIRATES AP088400XX
Request for FINAL COMMITMENT
ApplicantEMIRATES, DUBAI
Borrower SPV/EMIRATES AIRLINE, DUBAI
Buyer SPV/EMIRATES AIRLINE, DUBAI
End-userEMIRATES, DUBAI
ExporterBOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
SupplierGENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, Washington DC
Gtd LndrJPMORGAN CHASE BANK, N.A., NEW YORK NY
Lessor SPV/EMIRATES AIRLINE, DUBAI
Lessee EMIRATES, DUBAI
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFERRED to US Congress. Chairman Hochberg and Director Loui all voted in favor of the referral. Director Mulvaney voted against.