Private jet airline set to be liquidated
Florida-based private jet charter airline VeriJet is in dire financial difficulties, just weeks after the sudden death of its CEO.
It has filed for Chapter 7 bankruptcy.
Distinct from Chapter 11 court supervised business reorganization, Chapter 7 is an official move to liquidate assets to pay off outstanding debts.
VeriJet only started operations in 2020 but expanded relatively quickly.
Founder and CEO, Richard Kane died suddenly last month of a heart attack.
The company’s model was offering access to more affordable private jet travel for up to five passengers per flight.
Verijet offered hourly flying rates from $2,500 for short flights from Orlando and then expanded to the west coast, Texas and the Northeastern US.
According to court records, the company has more than $38 million in liabilities but almost no tangible assets.
Liabilities include about $10.5 million in unused jet card deposits held by dozens of customers.
A receiver has been appointed by Judge Migna Sanchez-Llorens.
“Verijet, Inc. and Richard Kane knowingly or recklessly failed to provide complete and current information and records to which the judgment creditor was entitled,” the judge said.
Related News Stories: Qatar Executive adds more private jets to fleet Phnom Penh to switch airports on September 9, 2025 VistaJet to offer first domestic flights in Saudi Arabia Etihad Airways unveils Etihad For Business corporate travel ... Air Sénégal sinking despite various recovery plans News Archive - Page 7135 of 9580 - TravelMole NBA China and Amber Aviation unveil fan engagement collaboration Antigua rolls out new digital arrival and departure system Carnival fleet expands with former P&O Cruises Australia ships Ryanair takes legal action against disruptive passenger
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025