Summary of the Meeting of the Board of Directors
Completed
II. CLOSED:
1. Minutes of June 26, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
2. COUNTRY: AZERBAIJAN AP088641XX
FOREIGN BUYER: SPV/Silk Way Airlines
END-USER: Silk Way West Airlines MMC
END-USER: Silk Way Business Aviation
PRODUCTS: Aircraft
3. COUNTRY: AUSTRALIA AP088835XX
FOREIGN BUYER: SPV / Virgin Australia Airlines
END-USER: Virgin Australia Airlines
PRODUCTS: Aircraft
CREDIT POLICY COMMITTEE
4. Country Review (CLS Cover Policy and Footnote Changes)
I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 1:00 PM on Thursday, July 17, 2014, 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
ITEM NO 1 Minutes of June 26, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2 Country Limitation Schedule (CLS) Cover Policy/Note Changes. Effective July 24, 2014.
Board Decision: CHANGES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of favor of the changes.
ITEM NO 3
Country AZERBAIJAN AP088641XX
Request for FINAL COMMITMENT
Applicant SILK WAY AIRLINES, Baku Azerbaijan
Borrower SPV/SILK WAY AIRLINES, Baku Azerbaijan
Buyer SPV/SILK WAY AIRLINES, Baku Azerbaijan
End-user SILK WAY WEST AIRLINES MMC, Baku Azerbaijan
End-user SILK WAY BUSINESS AVIATION MMC, Baku Azerbaijan
Exporter BOEING COMPANY, THE, Seattle WA
Exporter GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Exporter GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier BOEING COMPANY, THE, Seattle WA
Supplier GENERAL ELECTRIC TRANSPORTATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Gtd Lndr APPLE BANK FOR SAVINGS, New York NY
Lessor SPV/SILK WAY AIRLINES, Azerbaijan
Lessee SILK WAY AIRLINES, Azerbaijan
Lessee SILK WAY WEST AIRLINES MMC, Azerbaijan
Lessee SILK WAY BUSINESS AVIATION MMC, Azerbaijan
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.
ITEM NO 4
Country AUSTRALIA AP088835XX
Request for FINAL COMMITMENT
Applicant VIRGIN AUSTRALIA INTERNATIONAL AIRLINES, Bowen Hills LD
Borrower SPV/VIRGIN AUSTRALIA AIRLINES, Bowen Hills LD
Buyer SPV/VIRGIN AUSTRALIA AIRLINES, Bowen Hills LD
End-user VIRGIN AUSTRALIA INTERNATIONAL AIRLINES, Bowen Hills LD
Exporter BOEING COMPANY, THE, Renton WA
Supplier BOEING COMPANY, THE, Renton WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Gtd Lndr TD BANK, N.A., Mount Laurel NJ
Lessor SPV/VIRGIN AUSTRALIA AIRLINES, Bowen Hills LD
Lessee VIRGIN AUSTRALIA INTERNATIONAL AIRLINES, Bowen Hills LD
Project Name VIRGIN AUSTRALIA AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.