DOT Bills Air Carriers for 9/11 Funds

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img src="/sites/default/files/images/articles/printeditiontag_new.gif" width=120 align=right>The Department of Transportation said it has asked 61 cargo and passenger airlines to refund money the government paid them as compensation for lost revenue after the 9/11 terrorist attacks because those carriers overestimated their losses.

DOT has asked for $44.7 million back from the $4.6 billion it provided to 410 air carriers harmed by the terrorist attacks and the government’s response to the violence.

Atop DOT’s list is FedEx Express, which has been asked to return $31.6 million of the $119 million it received. FedEx denied the department’s claims, stating that the government actually owed the company an additional $18 million.

For the full story, see the March 31 edition of Transport Topics. Subscribe today.