By Associated Press PUBLISHED: 12:01 EST, 12 December 2013 | UPDATED: 14:30 EST, 12 December 2013 An aircraft fleet owned by Google's founders and former CEO received improper discounts on jet fuel that saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according to a government report released yesterday. The findings by NASA's inspector general surfaced during a review of a government airfield lease for seven planes and two helicopters controlled by Google's founders, Larry Page and Sergey Brin, and the Internet search company's former CEO, Eric Schmidt. The aircraft are managed through a company called H211 set up by the three men through the tremendous wealth that they have accumulated as Google Inc.'s stock price has soared from $85 in 2004 to nearly $1,100.
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Larry Page, Sergey Brin and Eric Schmidt saved up to $5.3m on jet fuel dating back to the 2009 recession
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Aircraft fleet owned by the billionaires consisted of seven planes and two helicopters
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They saved on fuel by buying it through an arm of the U.S. Department of Defense at below-market prices and avoided state and local taxes
The discounts given to H211 stemmed from a 'misunderstanding' about the relationship between @placeholder and the aircraft used by the Google executives, according to the inspector general.