Porsha Williams’ Estranged Husband Simon's Company Ordered to Pay 6-Figure Judgment Over Alleged Unpaid Bill on Private Jet Deal, Businessman Confident Matter Will Be 'Resolved'

As RadarOnline.com previously reported, NetJets Aviation, Inc. sued Simon’s business, Simcol Petroleum Limited Company in Ohio court in January. NetJets operates a “fractional aircraft program.”

It “engages in the business of selling and leasing fractional interests in private jets in the NetJets Fractional Program.” The program allows a jet to be co-owned by multiple people or companies sharing it.

NetJets claimed Simon’s company entered into a deal in August 2020. Simcol agreed to lease a 12.5% interest in a Cessna Citation aircraft, per the lawsuit. The interest was later increased to 15.62%

In the lawsuit, NetJets claimed Simcol breached the deal.

“Defendants breached the terms of the Program Agreement by failing to timely pay to Plaintiffs all amounts due under the Program Agreement, and Plaintiffs terminated the Program Agreement under its terms on or about February 28, 2023,” the suit read.

The lawsuit said Simcol made the first $25k installment payment but failed to pay the second one due in October 2023 or any additional payments.

NetJets demanded Simcol pay the $814k remaining owed plus interest.

Last month, NetJets demanded a default judgment against Simcol. The company said it served Simon’s company in February, but it had failed to respond to the lawsuit.

This week, the court granted the motion and entered a default judgment of $887k against Simcol.

Simon told RadarOnline.com, "Net Jet sued for unused “Managements & Monthly Fee” for the remaining years of a 5-year contract. These Fees are NOT related to ACTUAL travel, but rather what they deem they were entitled to under the terms of the 5-year contract."

He added, "I initially requested that the contract be amended to reflect what my ACTUAL needs were. My travel needs had changed significantly from domestically to mostly international. They were amenable to changes or terminate, and then sued. I’m confident we will ultimately settle in the cause of doing business."

Simon added, "It is not uncommon to have business disputes and I’m very comfortable in having them resolved in due time."

In court documents, her lawyer added, “Since learning of Husband’s checkered immigration history and status, Wife began to question everything that she initially believed to be true as it relates to her Husband’s character, immigration, business dealings, etc, and began to uncover additional information that Husband failed to disclose to Wife. Petitioner did not wish to remain married to a stranger, and filed for divorce.”