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Private Jet Charter Operator Verijet Files For Chapter 7 Bankruptcy
Public StoragePublic Storage(US:PSA) Forbes·2025-10-12 10:26

After taking flight in 2020, by 2023, Verijet had grown to become the 13th-largest private jet operator in the U.S., ranked by charter and fractional flight hours. Last week, a receiver who was appointed to oversee the company back in June filed for Chapter 7 bankruptcy protection. Unlike Chapter 11, which enables a company to reorganize and continue, Chapter 7 provides a means to liquidate assets and pay off debts. The filing comes less than a month after its founder and CEO, Richard Kane, died of an appar ...