Summary of the Meeting of the Board of Directors
June 5, 2014
December 31, 1969
Completed
Agenda
I. OPEN: NONE
II. CLOSED:
1. Minutes of May 22, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
2. COUNTRY: CHINA AP088650XX
FOREIGN BUYER: SPV/Air China Cargo
END USER: Air China Cargo
See Item No. 4 on the 05-01-14 Agenda. Also see Addendum
3. COUNTRY: AZERBAIJAN AP088641XX
FOREIGN BUYER: SPV/Silk Way Airlines
END-USER: Silk Way West Airlines MMC
END-USER: Silk Way Business Aviation
PRODUCTS: Aircraft
4. COUNTRY: CHINA AP088577XX
FOREIGN BUYER: SPV/ABC Financial Leasing Co. Ltd.
END-USER: Greattown Holdings Ltd.
END-USER: Sichuan Hongda (Group)
PRODUCTS: Aircraft
II. CLOSED:
1. Minutes of May 22, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
2. COUNTRY: CHINA AP088650XX
FOREIGN BUYER: SPV/Air China Cargo
END USER: Air China Cargo
See Item No. 4 on the 05-01-14 Agenda. Also see Addendum
3. COUNTRY: AZERBAIJAN AP088641XX
FOREIGN BUYER: SPV/Silk Way Airlines
END-USER: Silk Way West Airlines MMC
END-USER: Silk Way Business Aviation
PRODUCTS: Aircraft
4. COUNTRY: CHINA AP088577XX
FOREIGN BUYER: SPV/ABC Financial Leasing Co. Ltd.
END-USER: Greattown Holdings Ltd.
END-USER: Sichuan Hongda (Group)
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, May 29, 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
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Date Posted
Summary of Minutes
ITEM NO 1 Minutes of May 22, 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 CHINA AP088650XX
Request for FINAL COMMITMENT
Applicant AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Borrower SPV/AIR CHINA CARGO, China 11
Buyer SPV/AIR CHINA CARGO, China 11
End-user AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Exporter BOEING COMPANY, THE, Everette WA
Supplier BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Gtd Lender HONGKONG AND SHANGHAI BANKING CORPORATIO, Hong Kong GS
Lessor SPV/AIR CHINA CARGO, China 11
Lessee AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
NOTE: Public Notification Expiry date of 05-12-14 and Congressional Notification Expiry Date of 06-04-14.
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction
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
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.
ITEM NO 4
Country CHINA AP088577XX
Request for FINAL COMMITMENT
Applicant WELLS FARGO BANK, N.A., New York NY
Borrower SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
Buyer SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
End-user GREATTOWN HOLDINGS LTD., CHINA (Mainland)
End-usee SICHUAN HONGDA (GROUP), CHINA (Mainland)
Exporter GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Gtd Lender WELLS FARGO BANK, N.A., New York NY
Lessor SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
Lessee ABC AVIATION LEASING INTERNATIONAL PTE., Singapore SINGAPORE
Cntl Sponsor AGRICULTURAL BANK OF CHINA, Shanghai CHINA (Mainland)
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 5 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction
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 CHINA AP088650XX
Request for FINAL COMMITMENT
Applicant AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Borrower SPV/AIR CHINA CARGO, China 11
Buyer SPV/AIR CHINA CARGO, China 11
End-user AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Exporter BOEING COMPANY, THE, Everette WA
Supplier BOEING COMPANY, THE, Everette WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Gtd Lender HONGKONG AND SHANGHAI BANKING CORPORATIO, Hong Kong GS
Lessor SPV/AIR CHINA CARGO, China 11
Lessee AIR CHINA CARGO COMPANY LIMITED, Beijing 11
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
NOTE: Public Notification Expiry date of 05-12-14 and Congressional Notification Expiry Date of 06-04-14.
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction
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
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.
ITEM NO 4
Country CHINA AP088577XX
Request for FINAL COMMITMENT
Applicant WELLS FARGO BANK, N.A., New York NY
Borrower SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
Buyer SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
End-user GREATTOWN HOLDINGS LTD., CHINA (Mainland)
End-usee SICHUAN HONGDA (GROUP), CHINA (Mainland)
Exporter GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Gtd Lender WELLS FARGO BANK, N.A., New York NY
Lessor SPV/ABC FINANCIAL LEASING CO. LTD., Shanghai CHINA (Mainland)
Lessee ABC AVIATION LEASING INTERNATIONAL PTE., Singapore SINGAPORE
Cntl Sponsor AGRICULTURAL BANK OF CHINA, Shanghai CHINA (Mainland)
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 5 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction