News | Board Minutes | 2012

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
May 31, 2012

ITEM NO 1	Minutes of May 10, 2012 Board Meeting to be approved.
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted 
in favor of the minutes. 


ITEM NO 2	Minutes of May 17, 2012 Board Meeting to be approved.
Board Decision:  APPROVED.  Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted 
in favor of the minutes. 


ITEM NO 3A
Country CHILE                                  AP087050XX
Request for FINAL COMMITMENT

Applicant	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer 	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user 	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter 	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr	JPMORGAN CHASE BANK, NEW YORK, NY
Lessor  	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee    	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



 
ITEM NO 3B
Country CHILE                                  AP087050XA
Request for FINAL COMMITMENT

Applicant	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer 	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr	JPMORGAN CHASE BANK, NEW YORK, NY
Lessor	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



ITEM NO 3C
Country CHILE                                  AP087051XX
Request for FINAL COMMITMENT

Applicant	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer		SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr	JPMORGAN CHASE BANK, NEW YORK, NY
Lessor	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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


 
ITEM NO 3D
Country CHILE                                  AP087052XX
Request for FINAL COMMITMENT

Applicant	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Borrower	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Buyer		SPV/LAN AIRLINES S.A., SANTIAGO CHILE
End-user	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier	ROLLS ROYCE ENGINE SERVICES-OAKLAND INC., OAKLAND CA
Gteed Lndr	JPMORGAN CHASE BANK, NEW YORK, NY
Lessor	SPV/LAN AIRLINES S.A., SANTIAGO CHILE
Lessee	LAN AIRLINES S.A., LAS CONDES, SANTIAGO CHILE
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



ITEM NO 4
Country CHINA                                  AP087009XX
Request for FINAL COMMITMENT

Applicant	CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Borrower	SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
Buyer		SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
End-user	CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Exporter	BOEING COMPANY, THE, EVERETT WA
Exporter	BOEING COMPANY, THE, RENTON WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier 	ADDITIONAL SUPPLIERS
Gteed Lndr	MIZUHO CORPORATE BANK, LTD., TOKYO JAPAN
Lessor	SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
Lessee	CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG, CHINA(MAINLAND)
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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


 
ITEM NO 5A
Country BRAZIL                                 AP087039XA
Request for FINAL COMMITMENT

Applicant	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Borrower	SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
Buyer		SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
End-user	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier	BOEING COMPANY, THE, EVERETT WA
Gteed Lndr	CREDIT AGRICOLE SA, PARIS, VILLE DE P 75015 FRANCE
Gteed Lndr	APPLE BANK FOR SAVINGS, NEW YORK NY
Lessor	SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
Lessee	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



ITEM NO 5B
Country BRAZIL                                 AP087039XB
Request for FINAL COMMITMENT

Applicant	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Borrower	SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
Buyer		SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
End-user	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier	BOEING COMPANY, THE, EVERETT WA
Gteed Lndr	CITIBANK NA, NEW YORK NY
Gteed Lndr	SOVEREIGN BANK, BOSTON MA
Lessor	SPV/TAM LINHAS AEREAS S.A., SAO PAULO  04072-000 BRAZIL
Lessee	TAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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


 
ITEM NO 6A
Country KOREA, SOUTH                           AP086969XX
Request for FINAL COMMITMENT

Applicant	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Borrower	SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer		SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	UNITED TECHNOLOGIES CORP, HARTFORD CT
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr	NATIXIS BANQUES POPULAIRES, PARIS 75007 FRANCE
Lessor	SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Cofin ECA	EXPORT IMPORT BANK OF KOREA, SEOUL 150-996, KOREA KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



ITEM NO 6B
Country KOREA, SOUTH                           PC087013XX
Request for PRELIMINARY COMMITMENT

Applicant	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Borrower	SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer		SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	UNITED TECHNOLOGIES CORP, HARTFORD CT
Gteed Lndr	FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor	SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee 	ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
PC Expiry Date:  11-14-12

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


 
ITEM NO 7
Country RUSSIA                                 AP086502XX
Request for FINAL COMMITMENT

Applicant 	ING CAPITAL LLC, NEW YORK NY
Borrower   	SPV/UTAIR AVIATION, HAMILTON BERMUDA
Buyer     	SPV/UTAIR AVIATION, HAMILTON BERMUDA
End-user  	UTAIR AVIATION, SURGUT, KHANTY-MANSISK 628012 RUSSIA
Exporter  	BOEING COMPANY, THE, RENTON WA
Supplier  	CFM INTERNATIONAL INC, CINCINNATI OH
Supplier  	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier	BOEING COMPANY, THE, RENTON WA
Gteed Lndr	PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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



ITEM NO 8A
Country ETHIOPIA                                AP081763XX
Request for FINAL COMMITMENT				CONVERSION NO. 1

Applicant	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Borrower	SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Buyer		SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
End-user	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lndr	JPMORGAN CHASE & CO, NEW YORK NY
Lessor	SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Lessee	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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


 

ITEM NO 8B
Country ETHIOPIA                                AP081763XX
Request for FINAL COMMITMENT				CONVERSION NO. 2

Applicant	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Borrower	SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Buyer		SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
End-user	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lndr	JPMORGAN CHASE & CO, NEW YORK NY
Lessor	SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Lessee	ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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



ITEM NO 9 WITHDRAWN


ITEM NO 10
Country MONGOLIA                               AP086991XX
Request for FINAL COMMITMENT

Applicant	MIAT MONGOLIAN AIRLINES, ULAANBAATAR MONGOLIA
Borrower	SPV/MIAT MONGOLIAN AIRLINES, ULAANBAATAR MONGOLIA
Buyer		SPV/MIAT MONGOLIAN AIRLINES, ULAANBAATAR MONGOLIA
End-user	MIAT MONGOLIAN AIRLINES, ULAANBAATAR MONGOLIA
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr	FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term  10 YEARS

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


 
ITEM NO 11
Country CHINA                                  AP086127XX
Request for FINAL COMMITMENT

Applicant	AIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
Borrower	SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Buyer		SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
End-user	AIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
Exporter	BOEING COMPANY, THE, EVERETT WA
Supplier	GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier	BOEING COMPANY, THE, EVERETT WA
Gteed Lndr	CITIBANK N A, NEW YORK NY
Gteed Lndr	BNP PARIBAS, PARIS 75009 FRANCE
Lessor	SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Lessee	AIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
Cofin ECA	NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term  12 YEARS

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



ITEM NO 12
Country NETHERLANDS                            AP087111XX
Request for FINAL COMMITMENT

Applicant	TRANSAVIA AIRLINES CV, LUCHTH SCHIPHOL, NOORD-HOLL NETHERLANDS
Borrower	SPV/TRANSAVIA.COM AIRLINES, NETHERLANDS NETHERLANDS
Buyer		SPV/TRANSAVIA.COM AIRLINES, NETHERLANDS NETHERLANDS
End-user	TRANSAVIA AIRLINES CV, LUCHTH SCHIPHOL, NOORD-HOLL NETHERLANDS
Exporter	BOEING COMPANY, THE, RENTON WA
Supplier	CFM INTERNATIONAL INC, CINCINNATI OH
Supplier	VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier	BOEING COMPANY, THE, RENTON WA
Gteed Ldr	ING (US) CAPITAL, LLC, NEW YORK NY
Lessor 	SPV/TRANSAVIA.COM AIRLINES, NETHERLANDS NETHERLANDS
Lessee	TRANSAVIA AIRLINES CV, LUCHTH SCHIPHOL, NOORD-HOLL NETHERLANDS

Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term  10 YEARS

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


 
ITEM NO 13
Country BRAZIL                                 AP086774XX
Request for FINAL COMMITMENT

Applicant 	BANK OF AMERICA, S.A., NEW YORK NY
Borrower 	WIND POWER ENERGIA, S.A. ("WPE"), SAO PAULO BRAZIL
Guarantor 	NONE
Buyer		WIND POWER ENERGIA, S.A. ("WPE"), SAO PAULO BRAZIL
End-user	WIND POWER ENERGIA, S.A. ("WPE"), SAO PAULO BRAZIL
Exporter	LM WIND POWER BLADES, INC, LITTLE ROCK AR
Supplier	LM WIND POWER BLADES, INC, LITTLE ROCK AR
Gteed Lndr	BANK OF AMERICA, S.A., NEW YORK NY

Project Name  NONE
Project Description  NONE
Product Description WIND TURBINE BLADES
Financed Amount $ 32,091,997
Repayment Term  2 YEARS

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