Summary/Agenda of the Meeting of the Board of DirectorsThursday, October 30, 2014
CREDIT MANAGEMENT GROUP
1. Budget Cost level 8 Cover Policy
2. COUNTRY: CANADA - AP088514XX (Conversion No. 1)
FOREIGN BUYER: SPV/Air Canada
END-USER: Air Canada
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, October 30, 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 Budget Cost level 8 Cover Policy
Board Decision: DEFERRED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of deferring the discussion.
ITEM NO 2
Country CANADA AP088514XX (Conversion No. 1)
Request for FINAL COMMITMENT
Applicant AIR CANADA, Saint-Laurent QC
Borrower SPV/AIR CANADA, Saint Laurent QC
Buyer SPV/AIR CANADA, Saint Laurent QC
End-user AIR CANADA, Saint-Laurent QC
Exporter BOEING COMPANY, THE, North Charleston, SC
Supplier VARIOUS - US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Charleston SC
Gtd Lender TORONTO-DOMINION BANK, THE, Houston TX
Lessor SPV/AIR CANADA, Saint Laurent QC
Lessee AIR CANADA, Saint-Laurent QC
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
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 approving the transaction.