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Summary of the Meeting of the Board of Directors

Thursday, November 19, 2020
 
Completed

VIA TELECONFERENCE

  1. OPEN: NONE
  2. CLOSED:
    1. Minutes of November 5, 2020 Board Meeting for approval
       
      BUSINESS CREDIT DIVISION
    2. Working Capital / Supply Chain Finance Guarantee – AP089397XX
      Obligors: Boeing Company
      Products: Commercial Aircraft
      NAC Review: 10-19-20
      Congressional Review Expiry Date: 11-16-20
      Travis Zier – Loan Officer
      Steve Freshour – Vice President
      Jim Burrows – Senior Vice President
      Ifeanyichukwu Egbuniwe – Counsel
      Stephen Renna – Chief Banking Officer

       
      TRANSPORTATION DIVISION
    3. Country: Panama – AP089390XX
      Buyer: Oval Financial Leasing Ltd, Central Tortola Virgin Isl (Uk)
      End-User: Compania Panamena de Aviacion, S.A., Panama
      Product: Aircraft
      Review Required: NAC, Public Notification
      Decision Required: Congressional Notification
      Ed Ciampa – Loan Officer
      David Fiore – Vice President
      David Sena – Senior Vice President
      David Golden – Counsel
      Stephen Renna – Chief Banking Officer

       
    4. Country: Panama – PC089391XX
      Buyer: Oval Financial Leasing Ltd, Central Tortola Virgin Isl (Uk)
      End-User: Compania Panamena de Aviacion, S.A., Panama
      Exporter: Boeing Company, Renton WA
      Review Required: NAC
      Decision Required: Approval
      Ed Ciampa – Loan Officer
      David Fiore – Vice President
      David Sena – Senior Vice President
      David Golden – Counsel
      Stephen Renna – Chief Banking Officer

       
    5. Country: Turkey – AP089359XX
      Buyer: Cengiz Havacilik A.S.
      Guarantor: Cengiz Insaat Sanayi ve Ticaret, A.S.
      Exporter: Gulfstream Aerospace Corporation
      Review Required: NAC
      Decision Required: Approval
      Cheryl Conlin – Loan Officer
      David Fiore – Vice President
      David Sena – Senior Vice President
      David Golden – Counsel
      Stephen Renna – Chief Banking Officer

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, November 19, 2020 via teleconference 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: Friday, November 6, 2020

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
NOVEMBER 19, 2020

ITEM NO.  1   Approval of the Minutes of the November 5, 2020 Board Meeting
Board Decision: APPROVED.  Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.

BUSINESS CREDIT DIVISION
ITEM NO. 2    Working Capital / Supply Chain Finance Guarantee – AP089397XX
Obligors: Boeing Company
Products: Commercial Aircraft
NAC reviewed on 10-19-20
Congressional Review Expiry Date: 11-16-20
Board Decision: APPROVED. Chairman Reed, Director Bachus and
Director Pryor all voted in favor of the recommendation.

TRANSPORTATION DIVISION
ITEM NO.  3A Country: Panama – AP089390XX
Buyer:  Oval Financial Leasing Ltd, Central Tortola Virgin Isl (UK)
End-User:  Compania Panamena de Aviacion, S.A., Panama
Product:  Aircraft
Review Required:  NAC (NAC Reviewed on 11-17-20) and Public Notification  
Decision Required:  Congressional Notification
Board Decision: APPROVED. Chairman Reed, Director Bachus and
Director Pryor all voted to notify Congress.

ITEM NO.  3B Country: Panama – PC089391XX
Buyer: Oval Financial Leasing Ltd, Central Tortola Virgin Isl (UK)
End-User: Compania Panamena de Aviacion, S.A., Panama
Exporter: Boeing Company, Renton WA
Review Required:  NAC (NAC Reviewed on 11-17-20)
Board Decision: APPROVED. Chairman Reed, Director Bachus and
Director Pryor all voted in favor of the recommendation.

ITEM NO.  3   Country: Turkey – AP089359XX
Buyer:  Cengiz Havacilik A.S.
Guarantor:  Cengiz Insaat Sanayi ve Ticaret, A.S.
Exporter: Gulfstream Aerospace Corporation
Review Required:  NAC Review Date:  11-17-20
Board Decision: APPROVED. Chairman Reed, Director Bachus and
Director Pryor all voted in favor of the recommendation.