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OTRC: Jay-Z lawsuit dropped by private jet company

Jay-Z appears in an undated photo posted on his MySpace page. (myspace.com/jayz)

Jay-Z seems to be welcome back in the friendly skies after a private jet company dropped a lawsuit against the rapper.

Air Platinum Club filed the lawsuit against Jay-Z in June 2010, claiming that he owed $137,485 for racking up 55 hours of first-class service on a private jet but only paying for 37 hours. In addition, the rapper owed the company for a trip to the United Kingdom, catering charges, taxes and fees.

According to E! Online, the suit was dismissed. It is unknown whether Jay-Z and Air Platinum Club reached a confidential settlement.

The fees shouldn't be a problem for Jay-Z, who earned a reported $37 million last year, and his wife Beyonce Knowles, who earned $35 million, according to Forbes.

Beyonce and Jay-Z, who married in 2008, welcomed their first daughter, Blue Ivy Carter on January 7 in a New York hospital.

Shortly after the birth, the rapper released a song about the baby.

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