Michael Avenatti
© Rich Polk / Getty Images for Politicon
Michael Avenatti is losing his private jet and Ferrari.
Michael Avenatti will have to fly commercial for the foreseeable future.

The celebrity lawyer and his estranged wife, Lisa Storie-Avenatti, have settled their messy child and spousal support battle, TMZ reported Wednesday, and the agreement includes forking over the company plane.

Avenatti reportedly agreed to cut a $40,000 check to his ex for child support and another in January, a stark departure from previous figures that added up to almost $2 million.

The difference will come in the form of assets, according to TMZ, including five luxury wristwatches, his 2017 Ferrari 488 GT Spider lease and his law firm's share of a 2016 Honda private jet.

The couple were married in May 2011 and split in December.

That's one hassle down for Avenatti, who is currently facing domestic violence allegations, client Stormy Daniels' claim that he filed a lawsuit against President Trump without her permission and a motion from Trump's lawyers asking for more than $778,000 in legal fees and sanctions over his failed defamation suit.

Earlier in the week, Avenatti announced he's dropping plans to run for President in 2020 after he feverishly fueled speculation.

"I remain concerned that the Democratic Party will move toward nominating an individual who might make an exceptional President but has no chance of actually beating Donald Trump," he said in a statement. "I remain hopeful the party finds one."