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Diddy = Fraction of a Baller

9/9/2008 7:50 AM PDT BY TMZ STAFF

Diddy blew a lot of hot air last week about going green by ditching his "own" private jet. It was hotter than we knew.

Turns out P. doesn't even have his "own" private jet at all. An extensive look through federal aviation records by the Palm Beach Post turned up no Seans, Diddys, Combs, or Puffys as the registered owner. One source said, "I have a list of every plane with the name of the owner, and he's not on it."

For the record, says his rep, he's got a "fractional" ownership in a plane on NetJets, where you buy flight hours. Also for the record, Joe Francis does have his own plane.

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