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Summary/Agenda of the Meeting of the Board of Directors

Thursday, June 18, 2015
 
Completed

I. OPEN: NONE

II. CLOSED:

TRANSPORTATION DIVISION
1A. COUNTRY: TURKEY - AP088967XX
FOREIGN BUYER: SPV/Sun Express
END USER: Sun Express
PRODUCTS: Aircraft

1B. COUNTRY: TURKEY – AP088967XA
FOREIGN BUYER: SPV/Sun Express
END USER: Sun Express
PRODUCTS: Aircraft

2. COUNTRY: AZERBAIJAN AP088942XX
FOREIGN BUYER: SPV/Azerbaijan Airlines
END-USER: Azerbaijan Airlines
PRODUCTS: Aircraft

TRADE CREDIT INSURANCE DIVISON
3. Short-Term Africa Initiative (Renewal)

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 will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:30 AM on Thursday, June 18, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.

Accordingly, such meeting may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, June 12, 2015

TRANSPORTATION DIVISION

ITEM NO 1A
Country TURKEY                                 AP088967XX
Request for FINAL COMMITMENT


Applicant     SUN EXPRESS, Antalya
Borrower    SPV/ SUN EXPRESS, Antalya 07
Buyer        SPV/ SUN EXPRESS, Antalya 07
End-user      SUN EXPRESS, Antalya
Exporter       BOEING COMPANY, THE, Renton WA
Supplier      BOEING COMPANY, THE, Renton WA
Supplier       CFM INTERNATIONAL INC, Cincinnati OH
Supplier     VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr       AEGON N.V., The Hague GS
Lessor         SPV/ SUN EXPRESS, Antalya 07
Lessee         SUN EXPRESS, Antalya

Project Name SUNEXPRESS
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVAL. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction.  Director Mulvaney voted against.

ITEM NO 1B
Country TURKEY                                 AP088967XA
Request for FINAL COMMITMENT

Applicant      SUN EXPRESS, Antalya
Borrower    SPV/ SUN EXPRESS, Antalya 07
Buyer       SPV/ SUN EXPRESS, Antalya 07
End-user     SUN EXPRESS, Antalya
Exporter     BOEING COMPANY, THE, Renton WA
Supplier     BOEING COMPANY, THE, Renton WA
Supplier     CFM INTERNATIONAL INC, Cincinnati OH
Supplier       VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr      BNP PARIBAS, New York NY
Gtd Lndr      ING CAPITAL LLC, New York NY
Lessor         SPV/ SUN EXPRESS, Antalya 07
Lessee     SUN EXPRESS, Antalya

Project Name SUNEXPRESS
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVAL. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction.  Director Mulvaney voted against.
 
ITEM NO 2
Country AZERBAIJAN                             AP088942XX
Request for FINAL COMMITMENT

Applicant    AZERBAIJAN AIRLINES, Baku
Borrower     SPV/AZERBAIJAN AIRLINES, Baku
Buyer      SPV/AZERBAIJAN AIRLINES, Baku
End-user      AZERBAIJAN AIRLINES, Baku
Exporter      BOEING COMPANY, THE, Everett WA
Exporter     BOEING COMPANY, THE, North Charleston SC
Exporter    GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier    BOEING COMPANY, THE, Everett WA
Supplier     BOEING COMPANY, THE, North Charleston SC
Supplier    GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier     VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr       BAYERISCHE LANDESBANK, München BY
Cofin ECA   NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name AZERBAIJAN AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Mulvaney all voted in favor of the transaction.

TRADE CREDIT INSURANCE DIVISON
ITEM NO 3
Request For:  Renewal of Short-Term Africa Initiative
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Mulvaney all voted in favor of the Renewal for three Years from March 31, 2015 to March 31, 2018.