Top Recipients of Federal Spending

In top 100 recipients of federal assistance populated mostly by universities, University of Phoenix, Inc. tops the list at 2.8 billion. Strangely Air India and Jet Airways (India), and Air India Charters also make an appearance at #11, #34, & #53 respectively. They are listed as payments for FEMA; probably disaster relief. But is international disaster relief handled by FEMA or Department of State and if it isn’t international relief then why Air India or Jet Airways (Air Canada #27 and Emirates Airlines at #86)? Anyone more aware of these grants care to shed some light?

Tweet This“Top Recipients of Federal Spending” [Short URL: http://www.ipatrix.com/?p=2709] was published Wednesday, September 3rd, 2008 at 12:46 pm by Patrix, filed under Asides, Governance, and tagged as , , . Both comments and linkbacks are closed.

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  • Vittal

    Probably loan guarantees for buying Boeing planes.

  • http://www.ipatrix.com Patrix

    @Vittal: but this is money going from the federal govt. to the airline companies not vice versa.

  • Vittal

    For Jet — Export-Import Bank of The United States $479,724,972

    Jet is buying planes and Ex-Im Bank either provides the actual loan or loan guarantees to ensure the loan is repaid

  • http://www.ipatrix.com Patrix

    @Vittal: Hmmm…so Feds —> Ex-Im Bank –> loan to Jet to be repaid to Ex-Im Bank with interest. Seems convoluted but makes sense.


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