A Verijet Cirrus SF50 G2+ Vision Jet. [Courtesy: Verijet]
Key Takeaways:
Private aviation service Flyte plans to acquire assets from the now-bankrupt charter carrier Verijet to expand its market reach.
Flyte aims to strengthen its presence in key markets like New York, Miami, and Los Angeles by absorbing Verijet's fleet of Cirrus Vision Jets and other valuable infrastructure.
Verijet, once a significant private jet operator, filed for Chapter 7 bankruptcy (liquidation) after its founder's death and had faced customer complaints regarding flight cancellations.
“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.
