Private jet companies triple-dipped CARES Act bailout funds — legally
Thirty-six private jet companies have received $7,538,300 in Economic Injury Disaster Loans from the Small Business Administration and at least 95 private jet firms got Paycheck Protection Program loans, totaling between $64.3 million and $149.9 million.
The Trump administration’s priorities are hurting those who need help the most and helping the already wealthy and well-connected,” said Kyle Herrig, president of Accountable.US, a watchdog group that produced a report on how private jet operators have received federal aid. “They have abandoned struggling small businesses and slashed aid for workers while allowing the booming private jet industry — including many Trump donors — to triple-dip in taxpayer money.
At least 95 private jet firms got Paycheck Protection Program loans, totaling between $64.3 million and $149.9 million (loan recipients were approved for minimum and maximum loan amounts; the Small Business Administration has not disclosed specific amounts.) Each of those companies also received grants through the airline-focused Payroll Support Program, according to data compiled by Accountable.US
Only the Trump administration would find three separate ways to bail out high flying private jet companies while 25% of Americans face food insecurity and unemployment tops 10%,” said Kyle Herrig, the Accountable.US president.