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 to expand its reach and fleet.
Flyte aims to absorb Verijet's infrastructure, customer network, and particularly its Cirrus Vision Jets, strengthening its presence in key markets like New York, Miami, and Los Angeles.
Verijet filed for Chapter 7 bankruptcy, leading to liquidation, following the death of its founder and CEO and previous customer complaints regarding unfulfilled jet card flights.
“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.
