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Jay-Z Gets Out of $137,000 Private Jet Debt

Wouldn’t you think with owning an NBA team you would be able to afford your own G-5? Anyways, today Jay-Z and a private jet company settled a dispute with the 137,000 US Dollars law suit being dropped. But don’t let that fool you he still ended up paying just settled privately so it wasn’t in public records.

A $137,000 private jet lawsuit against Jay-Z has been brought in for an unexpected landing — TMZ has learned, the case has been dismissed. TMZ broke the story … Jigga was sued in 2010 for flaking on a six-figure bill after racking up 55 hours of flying time on a private jet — and only paying for 37. But good news for Hova, the private jet company has dismissed the case. It’s unclear exactly why — but you can bet a private settlement was reached. Calls to both Jay-Z’s camp and the private jet company were not returned. (TMZ)

Here is the story from when it broke in 2010.

It costs Jay-Z roughly $250k to spend 55 hours on a private jet — and that’s with a celebrity discount — but according to a new lawsuit, the rapper never paid the entire cost to fly like a boss. Jay-Z — aka Shawn Carter — is being sued by Air Platinum Holding, a private jet company which claims Jigga spent 55 hours on their planes back in 2009 … but only paid for 37 hours of service. (TMZ)

It’s believed that an hour of flight time costs $4,500, meaning his total outstanding flight bill is around $81,000. He also owes $8,500 for 17 hours of domestic catering, $3,000 for catering on four international flights and $8,500 in international fees. The ‘Big Pimping’ rapper has also failed to settle $12,285 of taxes and the $24200 cost of a luxury trip to England, bringing the total debt to $137,485. (Peace FM Online)

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