Drake just dropped $50M on a new commercial jet, that he's getting retrofitted and customized for his own personal use.

The jet is an Airbus A318 - it's is the smallest member of the Airbus A320 family of short- to medium-range, narrow-body, commercial passenger twin-engine jet airliners manufactured by Airbus.

The A318 (when used as a commercial jet) carries up to 132 passengers and has a maximum range of 3,100 nmi (5,700 km; 3,600 mi). 

Final assembly of the aircraft took place in Hamburg, Germany. It is intended primarily for short-range service, although British Airways uses the aircraft on a London City Airport to New York-JFK Airport transatlantic route (albeit with a stopover in Shannon for refueling on the westbound leg).

Here's the video of Drake enjoying his new toy:

No rental, no timeshare, no co-owners,” the rapper says in the video.

In the video, Drake points to a guy and credits him for making the deal happen. That guy is Ajay Virmani, President & CEO of Cargojet Airways. Virmani and Drake go way back and it seems the Canadian businessman is also tight with a few members of the Toronto Raptors, as well as Ludacris.

Planes around this size range in price from between $75 and $100 million.

NBA star Kevin Durant and rapper Machine Gun Kelly congratulated Drake with emojis while Internet playboy (and the king of extravagant purchases) Dan Bilzerian wrote, “Congrats, what a beautiful bird.”