Agenda/Summary of Minutes of Meeting of Board of Directors

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 15, 2010

ITEM NO 1A Country AUSTRALIA AP085035XX Request for FINAL COMMITMENT Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Exporter BOEING COMPANY, THE, RENTON WA Supplier CFM INTERNATIONAL INC, CINCINNATI OH Supplier BOEING COMPANY, THE, RENTON WA Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Project Name NONE Project Description AIR TRANSPORTATION Product Description AIRCRAFT Repayment Term 12 YEARS Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself. ITEM NO 1B Country AUSTRALIA PC085036XX Request for PRELIMINARY COMMITMENT Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Exporter BOEING COMPANY, THE, RENTON WA Supplier CFM INTERNATIONAL INC, CINCINNATI OH Supplier BOEING COMPANY, THE, RENTON WA Gteed Lender CREDIT AGRICOLE CORPORATE AND INVESTMENT, HONG KONG HONG KONG Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND 4006 AUSTRALIA Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS / QUEENSLAND AUSTRALIA Project Name NONE Project Description AIR TRANSPORTATION Product Description AIRCRAFT Repayment Term 12 YEARS PC Expiry Date 09-14-10 Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself. ITEM NO 2 - WITHDRAWN