A Verijet Cirrus SF50 G2+ Vision Jet. [Courtesy: Verijet]
Key Takeaways:
Private aviation service Flyte plans to acquire assets from the recently bankrupt charter carrier Verijet, which has filed for Chapter 7 liquidation.
Flyte aims to expand its market reach in key areas like New York, Miami, Los Angeles, and Las Vegas, and to grow its fleet of Cirrus Vision Jets, which both companies utilize.
Verijet, once a significant operator, ceased flights after its founder's death in September and faced numerous customer complaints regarding unfulfilled "jet card" services.
“We’re planning on purchasing whatever is available,” Jeremy Frommer, Flyte’s founder and the CEO of Flyte’s parent company Creatd, told FLYING on Wednesday. “We’re the most logical buyer.”
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Zach Vasile is a writer and editor covering news in all aspects of aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Business Journal, the Charlotte Observer, and the Washington Examiner, with his area of focus being the intersection of business and government policy.
