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 operations and market reach.
Verijet, which filed for Chapter 7 bankruptcy (liquidation), had a fleet of Cirrus Vision Jets and served key markets like New York, Miami, and Los Angeles.
Flyte aims to absorb valuable assets, particularly the Vision Jet fleet, to strengthen its presence in these markets.
“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.
