A lot of money for air! (7)
I believe the answer is:
fortune
'a lot of money' is the definition.
(I've seen this before)
'for air' is the wordplay.
'air' becomes 'tune' (air can mean a piece of music).
'for'+'tune'='FORTUNE'
(Other definitions for fortune that I've seen before include "Providence" , "Great accumulation of wealth" , "large sum of money" , "Big bucks - fate" , "Fate, destiny" .)